Maybe if the Pacifica" activists" fight more among themselves about "who
is in charge" and try to censor and ban some more opinions and more people
and do more work to try to get themselves more personal glory and petty
power then Pacifica will get better and be SAVED. Whatchathink?
Jim D.
----- Original Message -----
From: "Nalini Lasiewicz" <LasiewiczN@xxxxxxx>
To: <PacificaRadiowaves@xxxxxxxxxxxxxxx>
Sent: Thursday, June 26, 2008 8:35 AM
Subject: [PacificaRadiowaves] Re: Please update us on the financial state of
Pacifica
> Accordingly to what I heard on last nights emergency PNB call, the
> financial state is terminal, and there are NO plans for how to solve
> it. Some of the notes that I jotted down:
>
> It sounds like we won't be able to pay Democracy Now this month. I
> wonder if the PNB members are going to find out whether there will be
> fines or interest.
>
> WBAI has to cut $200K this quarter. Don't know where the cuts will
> come from, doesn't know where new money will come from.
>
> Pacifica will not going to be able to pay for the elections this year.
>
> Challenges in 2009 budget that "will make your head spin."
>
> Mike Martin says that it may be a breach of our feduciary
> responsibilities to finance a PNB meeting in July.
>
> National Finance Committee is meeting weekly. Staff is doing the best
> they can in this time.
>
> Lonnie, "this network is living payroll to payroll." The money to pay
> for the meeting is not there. Every station is hurting. There is no
> money. We're struggling to pay payroll. We're struggling to pay heath
> care.
>
> One week ago during the PNB phone call, Lonnie hemmed and hawed as
> they decided to go forward with the July meeting and said "I'll try
> to find the money." Last night, a week later, he reports that they
> won't be able to pay $150,000 in bills for this month alone. For PNB
> members who are part of the Finance Committee, they sounded like this
> was the first time they heard that there is NO money. But they voted
> to have the meeting anyway.
>
> Yikes. I'm telling you. Someone ought to get started in preparing a
> bankruptcy and reorganization plan. The only way out that I see is
> to have a Court appointed Receiver to provide legal protection while
> Pacifica is totally reorganized. They could void the new bylaws,
> dismiss all the LSBs, secure a small (may ten) person commission to
> redraw the organizational structure and write up the most simple and
> streamlined set of bylaws, -- not a Membership org, -- sell one of
> the commercial licenses while they are still worth something, and
> hire ONLY radio pros as managers until a new infrastructure can be
> built to bring in the volunteer structure again. Without court
> protection, I predict that the next wave of Lawsuits will be from
> vendors. The thing I'm going watch carefully, will Amy Goodman be
> the first to sue over nonpayment? Or, will she do the right thing
> and pull out of the contract? She gives away her TV broadcast feed
> for free to lots of stations....why not Pacifica?
>
>
> ------------------------------------
>
> Yahoo! Groups Links
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