CHANNEL 13, IN FUND SQUEEZE, HALTS SERIES AND WEIGHS CUTS
Caught in the worst financial crisis in its 20-year history, Channel 13, WNET-TV, the New York metropolitan area's major public television station, has abruptly postponed a multimillion dollar series and is likely to lay off staff and reduce programming. Channel 13 has a deficit of $6 million, a record liability largely attributed to operating The Dial, a two-year-old magazine of listings and articles about public television. The magazine has proven such a drain that some employees at the station now refer to it as ''Channel 13's Vietnam.'' ''The Dial has bled us,'' said Walter Goldstein, vice president of finance and administration at the station. ''It was a disaster from the beginning,'' added James Kobak, a magazine consultant who was brought in to analyze the magazine's problems late last year.
