Crystal Cathedral:Crystal Cathedral, a landmark megachurch in Orange County, California, where the “Hour of Power” comes to light, filed for bankruptcy, church officials announced Monday.
“The budget can not be reduced fast enough to keep pace with the unprecedented rapid decline in revenues due to recession,” Sheila Schuller Coleman, senior pastor of the church, said in a statement.
Ms. Coleman stated that “the scope and the operation will continue, as well as weekly” Hour of Power “, which is the longest running religious television broadcasting in the country. But the church, which is $ 55 million of debt, reduced the number of stations across the country that it pays to broadcast the program.
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Crystal Cathedral