Televangelism empire in financial trouble
Story at One News Now.- Once one of the nation's most popular televangelists, the Rev. Robert H. Schuller is watching his life's work crumble.
His son and recent successor, the Rev. Robert A. Schuller, has abruptly resigned as senior pastor of the Crystal Cathedral. The shimmering, glass-walled megachurch is home to the "Hour of Power" broadcast, an evangelism staple that's been on the air for more than three decades.
The church is in financial turmoil: It plans to sell more than $65 million worth of its Orange County property to pay off debt. Revenue dropped by nearly $5 million last year, according to a recent letter from the elder Schuller to elite donors. In the letter, Schuller Sr. implored the Eagle's Club members - who supply 30 percent of the church's revenue - for donations and hinted that the show might go off the air without their support.
"The final months of 2008 were devastating for our ministry," the 82-year-old pastor wrote. Link.
Story from OC Register on ouster of Schuller's son in October.
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