Drought ends for The Water Tower
Alternative student news mag moves beyond breaking even
Published: Monday, May 3, 2010
Updated: Monday, May 3, 2010 16:05
After struggling with finances and readership in the past, alternative news magazine The Water Tower is coming out ahead.
"The future has always been questionable until now," senior Max Bookman, editor-in-chief of The Water Tower, said.
This is the first year that The Water Tower has come out with a profit, which will translate into increased circulation, Bookman said.
"The Water Tower started the year with negative $213.67," SGA treasurer Hannah LeMieux said.
The club's total recognized revenue for the year is $2,362.50, which LeMieux said was raised on their own and generated mostly from advertising.
The club has been given almost $3,000 more than last year, she said.
The Water Tower was given about $8,000 in the beginning of fall 2009. As of March 19 the club still has slightly over $500, LeMieux said.
"What they've spent is just what they need to survive," she said.
The SGA does a good job of growing with clubs who are moving in a positive direction, especially when clubs pull themselves out of a rough financial situation, LeMieux said.
"It's important that we trust their leadership and feel like they have a good head on their shoulders," she said. "The Water Tower really makes the effort to get what they need."
The debt started from poor handling of the paper from the beginning and the lack of the founders' focus was the main issue, Bookman said.
"They really had no extensive vision," he said. "They just spent the money."
Bookman said that when he inherited the paper as a sophomore, all he had was the original concept and a basic structure.
"It was like starting from scratch," he said. "We had no writers."
Like the finances, student involvement with The Water Tower is stronger than ever because of talented writers and leaders, Bookman said.
"We pride ourselves in being completely student-run," he said.