The Nation - News from May 26, 1988
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The financially crippled PTL television ministry cut 162 people from its payroll and pleaded with the faithful to send cash to keep it from going off the air within two weeks. The plea came the day after the ministry’s new trustee, M. C. (Red) Benton, said he would not rule out allowing Jim and Tammy Bakker to appeal for money on television. Jim Bakker resigned in March, 1987, in the aftermath of a sex scandal. The Ft. Mill, S. C.-based ministry filed for reorganization and protection from creditors in bankruptcy court in June, 1987.
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