Re: "Local company ups the ante on Click lease proposal" (editorial, 4-30).
It’s a common misconception that Tacoma's Click network is a perennial loser. This is simply not the case. All these “losses” are due to amortization of “sunk costs” from building the entire telecommunications network, costs that rightfully should be charged off since they are left over from Tacoma Public Utilities' failed smart meter program.
Click’s revenues are actually growing, and it is genuinely cash-flow positive. In 2014 Click’s revenues rose 3 percent to a record $27 million. Operating profits were $3,722,723.
It’s only the depreciation and amortization expense of $5,128,915 that creates the small "paper" loss of $1.4 million. That loss is entirely due to those darn "sunk costs" which will not go away if Click is spun off to a private party.
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Click is green and growing. Beware of powerful private interests that would love to control this valuable public asset for pennies on the dollar. Stick with Click!
(Shook is CEO of Advanced Stream Broadband, a local Internet service provider that contracts with Click to provide cable and broadband Internet service.)