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FTVLive has reported several times about the layoffs at WISH-TV in Indianapolis.
The staff has basically been gutted as station owner DuJuan McCoy continues to make budget cuts and put people out of work.
McCoy the owner and CEO of Circle City Broadcasting only owns two stations, both in the Indianapolis (WISH, WNDY), so here is a great way to save some money.
Sell off the private jet.
According to the FAA, McCoy owns a $3.5 million dollar Hawker 850xp, similar to the one pictured above.

Looking at the plane's flight logs, layoffs at Circle City Broadcasting/WISH-TV reportedly occurred shortly before the aircraft made trips to:
Las Vegas, NV
Philadelphia, PA
New Jersey
If McCoy was on those flights, flying commercial on those trips would have saved enough money to keep at least a couple of people employed.
While, I'm sure it is fun to tool around the country in your private plane. Maybe, selling the plane and flying commercial would be a better use of the money.
If you station was raking in money and adding staff, then maybe you get the private jet. But, when you're putting people out of work, maybe the private plane is a perk you can do without.
Just saying...