Big Bird's Big Money
Back to Forum: Greenville News Board
October 5, 2012 - 5:17pm
"Big Bird makes more money than Mitt Romney, but is still on the government dole.
The Corporation for Public Broadcasting receives about $450million from Congress each year. About $280million goes to PBS and the local stations.
Federal funding makes up about 12 per cent of the PBS budget.
Shows like Sesame Street are multi-million dollar enterprises capable of thriving in the private market. According to the 990 tax form all nonprofits are required to file, Sesame Workshop President and CEO Gary Knell received $956,513 -- nearly a million dollars -- in compensation in 2008. And, from 2003 to 2006, "Sesame Street" made more than $211 million from toy and consumer product sales.
If you break that down, it works out to over $50 million a year "Sesame Street" is taking in from all that merchandising.
Yep, that one-percenter Big Bird makes about four times what Mitt Romney does annually and yet Barack Obama still wants you and I to still carry his freight"