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Monday, April 20, 2009

HDNet's 'Dan Rather Reports' Looks at the City of Las Vegas and Its Battle With the Recession

HDNet's 'Dan Rather Reports' Looks at the City of Las Vegas and Its Battle With the Recession

How can this city, famous for reinventing itself, weather today's economic storm in 'Busted' - Tuesday, April 21 at 8:00 p.m. ET

DALLAS, April 20 /PRNewswire/ -- This Tuesday's "Dan Rather Reports" travels to Sin City to present a story on how America's playground, and its economy, are reeling.

(Logo: http://www.newscom.com/cgi-bin/prnh/20080324/HDNETLOGO)

In the boom times, Las Vegas seemed to epitomize a uniquely American approach to the high life. Now, Las Vegas has the dubious distinction of double-digit unemployment and a huge number of home foreclosures as the economy goes bust. From subdivisions littered with foreclosed homes to pawn shops brimming with the riches of a better time, much of Las Vegas is feeling the pain.

In "Busted" Rather speaks with citizens of Las Vegas on both sides of the fence, those who are struggling to stay afloat and those who are still willing to dream.

Penelope is an exotic dancer who competes for work with thousands of others who have taken to dancing to make money. "I have a house, I'm educated. I have job skills," Penelope told Rather. " I lived in New York, had a real estate license. I was a licensed EMT. I was in the military. You know, so -- this isn't supposed to happen to me."

With approximately 100,000 people unemployed in Nevada, she is not alone in suffering through the recession.

Tom McCormick is a home builder in Las Vegas and the President of Astoria Homes, a local, privately owned company. He too is living his own nightmare as the bank now owns 30 of his brand new, never lived in homes. "At our peak we were selling about one hundred homes a month," McCormick told Rather. "And now we probably do two or three."

But Oscar Goodman, the popular Mayor of Las Vegas feels that the city will rebound, and do so quickly.

"Vegas -- has been remarkable, very resilient," said Goodman. When asked by Rather for a timeline on the Las Vegas comeback, Goodman said that he feels the city will be back to being a leading tourist destination in twelve months. "I think people are drowning where they are. They're depressed where they are. They're looking for relief and Vegas will provide that to them."

"Dan Rather Reports: Busted" premieres on HDNet, Tuesday, April 21 at 8:00 p.m. ET with a re-air 11:00 p.m. ET to accommodate West Coast Prime Time.

HDNet (www.hd.net) is a network that is original, thinks independently and delivers unique content and provocative, authentic programming that appeals to men of all ages, delivered in true high definition.

HDNet is the exclusive, high definition home for popular, original programming, including television's only HD news feature programs "HDNet World Report," and the Emmy Award winning "Dan Rather Reports," featuring legendary journalist Dan Rather. Only HDNet goes beyond the headlines to deliver real news that is redefining the way we look at our world. HDNet News is provocative, sometimes controversial and always relevant - telling the important stories of our time in-depth, with attitude and with independence.

HDNet presents championship sports coverage featuring the best of Mixed Martial Arts through HDNet Fights. HDNet Fights partners with leading MMA promoters including Affliction, DREAM, Sengoku, XFC, M1, K-1, K-1 Max, MFC, Adrenaline and more. HDNet produces more live mixed martial arts events than any other network and HDNet's "Inside MMA" is the hottest mixed martial arts program on television, giving MMA fans their weekly fix for everything MMA.

HDNet also delivers the world's largest and most diverse concert line-up through the HDNet Concert Series. The HDNet Concert Series features leading artists and bands including Coldplay, Gwen Stefani, John Mayer and more. HDNet also features revealing lifestyle programming featuring "Art Mann Presents," "Vegas Confessions," "Deadline" and "Get Out!" HDNet is also the exclusive high definition home to critically acclaimed and award winning documentaries as part of the InFocus series. "NASA on HDNet" presents all live shuttle launches through 2010.

Only HDNet Movies delivers exclusive Sneak Previews of new movies before they hit theaters. The HDNet Movies Sneak Preview series features top Hollywood stars in critically acclaimed performances including Gwyneth Paltrow, Joaquin Phoenix, Demi Moore, Michael Caine, Tom Hanks, Vera Farmiga, Parker Posey, Brian Cox, Matthew Broderick, Brittany Snow, Eric Bana, John Malkovich, and Emily Blunt.

Upcoming Sneak Previews include "The Girlfriend Experience" directed by Steven Soderbergh.

In addition to being the exclusive home of Sneak Previews, HDNet Movies presents viewers with over one hundred films and an average of twenty-five "HD Premieres" each month. HDNet Movies viewers enjoy the best films from the classics of the 1950s-1970s, to favorite films from the 1980s and 1990s, to recently released theatrical films.

HDNet Movies offers subscribers a premium movie viewing experience in true HD, and more original movies shot entirely in HD than any other network.

Launched in 2001 by Mark Cuban and General Manager Philip Garvin, the HDNet networks are available on AT&T, Bright House Networks, Charter Communications, Comcast, DIRECTV, DISH Network, Insight, Mediacom, Time Warner Cable, Verizon and more than 40 NCTC cable affiliate companies. For more information visit www.hd.net.

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Photo: http://www.newscom.com/cgi-bin/prnh/20080324/HDNETLOGO
http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com

Source: HDNet

CONTACT: Colette Carey of HDNet, +1-303-542-5576, ccarey@hd.net

Web Site: http://www.hd.net/


Profile: International Entertainment

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