By September 2003, following the departure of station manager Conrad Collaco, CKLN was teetering on the brink of insolvency. As a result, the Ryerson Students' Union bailed out CKLN of $110,000 in debts. An earlier proposal by Collaco to deal with the station's financial problems with a $6 increase to the student levy was not approved by the student government which cited various issues such as the lack of audited statements, the lack of airtime for Ryerson students or acknowledgment of Ryerson on the air.