CSB School of Broadcasting MIAMI
word to the wise..
I got this from one of my beantown fellows from a MA newspaper,nonsugar coated. Also, written by a CSB grad:
QUINCY, Mass.–(BUSINESS WIRE)–CSB School of Broadcasting announced late yesterday that it would be closing all 26 of its campuses immediately as it plans to cease operations and to file for bankruptcy protection. While CSB’s operations have been dramatically impacted by recent changes in the private student loan market, the decisions taken yesterday are a result of recent actions taken by its lender, National City / PNC Bank, including the seizing of bank accounts held by CSB. CSB, which had been working to come up with alternatives to continue to fund the business, was surprised by the recent actions of its lender. Without access to cash, CSB has been forced to shut down operations. CSB will now promptly seek protection under applicable insolvency laws.
David Banner, President of CSB, commented that “I am extremely disappointed that, after 44 years of operations, CSB will not be able to fulfill its mission of providing a quality education to students interested in working in the broadcast industry. I am also disappointed that the actions of our lender precipitated this sudden disruption in the lives and careers of our students and employees.”
Inquiries regarding CSB and the insolvency proceeding may be directed to David Banner at CSBinformation@gmail.com or (646) 248-2027.
Founded in 1964 by Boston-local Dick Robinson, CSB was sold in July of 2006 to “DLJ Growth Capital Partners, an affiliate of DLJ Merchant Banking Partners (DLJMB), a private equity investment affiliate of Credit Suisse,” according to a July 10, 2006 Business Wire story. “(which) is partnering with Brian Stone and Scott Knight, founders and General Partners of KNIGHTSTONE Media (KSM)”
Messages left at Knightstone late Wednesday night were not immediately returned, nor was one for the Boston campus Director, Steve Williams. A voice mail was also left for one of the listed instructors at the Needham outlet, but was not immediately returned.
Reached after 11 p.m. on Wednesday night, Dick Robinson’s son, Jim, who now works with his dad at the Robinson Media Group (located in the Robinson Media Center that houses the Farmington CSB unit) said it’s a sad day for him, his dad and their family.
“If this is the ending, it’s sad to see it end this way,” said Jim. “I feel for the students, the instructors, everyone. The only thing I had heard was that there was going to be some downsizing. It’s just shocking right now, for everybody.”
Tracy Miller, a January graduate, said she was upset about losing the LIFETIME JOB PLACEMENT help and studio privileges that the school agreed to in the contract she signed. She also was angry because radio demos she recorded for potential employers were on computers inside the locked school.
Connecticut Attorney General Richard Blumenthal said Thursday his office was looking into the closure, including whether school officials kept taking money from students when they knew it would be shut down.
Robinson, the 70-year-old founder, said Thursday that his family wants to reopen a new broadcast school, to be called the Robinson Media Institute, in Farmington. He said cannot participate because a five-year noncompete clause remains in effect from his 2006 sale of the school, but that his daughters have contacted state officials about letting students complete their studies at no cost.
I feel bad for those who were going to graduate this week,as I saw on the agenda. DONT THINK YOU DID ALL THIS WORK FOR NOTHING. At some point, it will pay off(Ive been waiting two years). If what is above is heading toward being in stone, I think we, the students, deserve a time where we can get all our stuff that we have been working on(commercials,broadcasts,etc.) and o somehwre to finish it. Also,I think we should get some reimbursement for not having access to the studio since we had privilages for life,per the contract. I can go on and on with the pointing fingers and the f-ck yous, but they wont get us anywhere. Some think they were misled from what other blogs Ive read. If I had it my way, I would break in, get on the air, steal a frequency, and stay on until there was a positive resolution. This has bothered me since I read the greeting on Friday and hopefully it does not fall on deaf ears. Thats how you get listeners:standing up and not take sh-t. The impossible became reality and the time has come to ALL stand up, band together like we did in class, and give it a run for their money,literally. If there is something worth fighting for,its your or my career. Im open to any ideas, if there are any...
QUINCY, Mass.–(BUSINESS WIRE)–CSB School of Broadcasting announced late yesterday that it would be closing all 26 of its campuses immediately as it plans to cease operations and to file for bankruptcy protection. While CSB’s operations have been dramatically impacted by recent changes in the private student loan market, the decisions taken yesterday are a result of recent actions taken by its lender, National City / PNC Bank, including the seizing of bank accounts held by CSB. CSB, which had been working to come up with alternatives to continue to fund the business, was surprised by the recent actions of its lender. Without access to cash, CSB has been forced to shut down operations. CSB will now promptly seek protection under applicable insolvency laws.
David Banner, President of CSB, commented that “I am extremely disappointed that, after 44 years of operations, CSB will not be able to fulfill its mission of providing a quality education to students interested in working in the broadcast industry. I am also disappointed that the actions of our lender precipitated this sudden disruption in the lives and careers of our students and employees.”
Inquiries regarding CSB and the insolvency proceeding may be directed to David Banner at CSBinformation@gmail.com or (646) 248-2027.
Founded in 1964 by Boston-local Dick Robinson, CSB was sold in July of 2006 to “DLJ Growth Capital Partners, an affiliate of DLJ Merchant Banking Partners (DLJMB), a private equity investment affiliate of Credit Suisse,” according to a July 10, 2006 Business Wire story. “(which) is partnering with Brian Stone and Scott Knight, founders and General Partners of KNIGHTSTONE Media (KSM)”
Messages left at Knightstone late Wednesday night were not immediately returned, nor was one for the Boston campus Director, Steve Williams. A voice mail was also left for one of the listed instructors at the Needham outlet, but was not immediately returned.
Reached after 11 p.m. on Wednesday night, Dick Robinson’s son, Jim, who now works with his dad at the Robinson Media Group (located in the Robinson Media Center that houses the Farmington CSB unit) said it’s a sad day for him, his dad and their family.
“If this is the ending, it’s sad to see it end this way,” said Jim. “I feel for the students, the instructors, everyone. The only thing I had heard was that there was going to be some downsizing. It’s just shocking right now, for everybody.”
Tracy Miller, a January graduate, said she was upset about losing the LIFETIME JOB PLACEMENT help and studio privileges that the school agreed to in the contract she signed. She also was angry because radio demos she recorded for potential employers were on computers inside the locked school.
Connecticut Attorney General Richard Blumenthal said Thursday his office was looking into the closure, including whether school officials kept taking money from students when they knew it would be shut down.
Robinson, the 70-year-old founder, said Thursday that his family wants to reopen a new broadcast school, to be called the Robinson Media Institute, in Farmington. He said cannot participate because a five-year noncompete clause remains in effect from his 2006 sale of the school, but that his daughters have contacted state officials about letting students complete their studies at no cost.
I feel bad for those who were going to graduate this week,as I saw on the agenda. DONT THINK YOU DID ALL THIS WORK FOR NOTHING. At some point, it will pay off(Ive been waiting two years). If what is above is heading toward being in stone, I think we, the students, deserve a time where we can get all our stuff that we have been working on(commercials,broadcasts,etc.) and o somehwre to finish it. Also,I think we should get some reimbursement for not having access to the studio since we had privilages for life,per the contract. I can go on and on with the pointing fingers and the f-ck yous, but they wont get us anywhere. Some think they were misled from what other blogs Ive read. If I had it my way, I would break in, get on the air, steal a frequency, and stay on until there was a positive resolution. This has bothered me since I read the greeting on Friday and hopefully it does not fall on deaf ears. Thats how you get listeners:standing up and not take sh-t. The impossible became reality and the time has come to ALL stand up, band together like we did in class, and give it a run for their money,literally. If there is something worth fighting for,its your or my career. Im open to any ideas, if there are any...
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Comment by Gerius K. Brantley on March 10, 2009 at 9:04am - You are on the money about some type of reimbursement if this school cannot open back up. This is not what everyone signed up for. I can't imagine going through an entire semester then days before you graduate, you get the door slammed in your face. Better yet, they make you (the students) exit the premisis like we're the criminals. This is some twisted crap. Bankruptcy...?!?!?!? No more "UNLIMITED ACCESS" to studio time...No more practice sessions, workshops, etc. As a whole, I feel we are owed much more. I'll keep checking the site for updates. Check ya l8r....GB
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