Orange Media Network is a part of the Memorial Union organization. The MU Advisory Board acts as the budgeting board for Orange Media Network.
The five program budgets (Daily Barometer, Beaver’s Digest, Prism, KBVR FM and KBVR TV) have retained a zero increase collectively, however mandatory assessments that were previously covered by Educational Activities have been moved into our MUNSMA account. Mandatory assessments total $16,670. Also, now that all of Orange Media Network’s new equipment installed in the Student Experience Center has been inventoried, an equipment reserve of $100,000 has been added.
Newspaper advertising revenue is down significantly, so we have adjusted revenue in the MUNBAR index to reflect this trend. This is not unique to The Daily Barometer. University and commercial papers nationwide are facing this as the opportunities to reach consumers have expanded beyond print newspapers. We have added some revenue to Beaver’s Digest as we plan to sell ads into the magazine, but this is new, so we have kept our estimated revenue conservative. To offset the decrease in Barometer revenue, we are looking at reducing the number of days the newspaper published in paper form from five to one or two. This decrease is reflected in our printing and publishing expense. Our printing contract goes to bid again this summer, so we are estimating what our printing will be for the next year. There is no reduction to student wages as they will still be covering the news of the campus, but will distribute it electronically through the web and social media instead of in a print product.
Orange Media Network is working with the College of Business and SLI to transition DAMChic, an online fashion magazine, from a student organization to a new medium housed in OMN. We have added a decision packages to establish an index for DAMChic as part of Orange Media Network. It is a zero increase decision package as the projected income will offset the printing and promotion.
Orange Media Network has two separate budgets. The professional staff salaries, development and overhead are budgeted in MUNPUB as part of the Memorial Union budget. The Orange Media Network programs budget, MUNSMA, for The Daily Barometer, Beaver’s Digest, Prism, KBVR FM and KBVR TV is a separate fund.
To avoid and increase in Student Fees, Orange Media Network requested a transfer of funds from one account to another. The Memorial Union supported and approved this transfer, with no impact on Student Fees. Currently Orange Media Network has two vacant staff positions. We requested that $65,000 be transferred from MUNPUB to MUNSMA.
- MUNSMA Budget Summary (Exhibit F): FY17 OMN Budget Summary for MUNSMA
- Complete MUNSMA Budget: Orange Media Network_(FY17)
- MUNSMA Working Capital Report: SIFC Working Capital projections for OMN
