What Way Forward for Pacifica?
Grace Aaron
Pacifica National Board member, Grace Aaron, explains the historical context in which the present Pacifica financial crisis is taking place; the lawsuit filed against Pacifica by Empire State Realty Trust; summary judgment against Pacifica; signal swap or sale details; Pacifica's total debt versus its total assets; two ways forward, i.e., loans or bankruptcy; Pacifica National Board votes to authorize the loan option; how the loan option does not constitute additional debt; how loans are secured; the bankruptcy option, pluses and minuses; bankruptcy committee of creditors; Pacifica hires a turnaround Interim Executive Director; Pacifica National behind in audits; loss of Corporation for Public Broadcasting funds; Pacifica's non-profit status at risk; long-term solutions to strengthen the Pacifica Network.
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2 Comments
As one of the left gatekeepers who has been consistently ignoring the substantial evidence against the theory that the "collapse" of the WTC on 9/11/01 (which was the cause of the sudden scarcity of radio transmitters in the NYC area that ultimately led to WBAI's current financial predicament) was caused by foreign terrorists, Amy Goodman owes Pacifica a lot more than Pacifica owes Amy Goodman, in my book... http://911review.com/denial/gatekeepers.html
An alliance with MNN is also a way forward. Unfortunate that the Pacifica board refuses to entertain the proposal. Thinking conspiracies perhaps because they have their hands out for some of the $50m from the sale of the middle of the dial (99.5). They have banned, censored, any on air discussion of the proposal! Just as discussion of the Xmas coup is banned.