Tag Archives: Empire State Building

The End Less Near – Pacifica Board Approves Loan

Berkeley – On the evening of January 18, the Pacifica Foundation board formally approved and accepted a loan put together by the organization’s members in Southern California to pay off a pending judgment to the Empire State Building and keep the organization out of a Chapter 11 bankruptcy filing.

The member loan is a short-term bridge loan intended to pay off the judgment immediately and transition the organization into a 3-year line of credit that will follow.

The three to three and a half year timeline will allow Pacifica to explore several options to pay off long-term debts and finally get clear of the extortionate Empire State deal that swallows so much revenue without having to engage in fire sales, and retains the organization’s independence. Continue reading The End Less Near – Pacifica Board Approves Loan

Paying Off The Judgment

Berkeley – This is a very happy update to send.

Friends of Pacifica in Southern California have now secured bridge loan funds of $2 million dollars to pay off the summary judgment amount to the Empire State Building. An escrow account has been set up and full payment will follow shortly afterwards. Full payment of the  judgment due will remove the threat of asset seizure.

Huge thanks to the Southern California community which worked together to locate the much-needed funds in record time. Continue reading Paying Off The Judgment

What The Dickens Is Going On?

Berkeley – (Editors note: After more than three and a half years of regular weekly bulletins, Pacifica in Exile did not come out for the last eight weeks. The primary reason for that has been to avoid providing surplus information to Pacifica’s main creditor, the Empire State Realty Trust, that could hamper negotiations. At this point, however, we believe the member’s right to know has to be the priority, and since various members of the Pacifica community have been putting out information of varying levels of accuracy for some time now, we decided the time was right).

When we last left off publication, Pacifica had been hit with a $1.8 million summary judgment from the Empire State Realty Trust for back rent from 2013 to 2017, The rent is for WBAI-FM’s transmitter which broadcasts from the iconic NY skyscraper. A 15-year lease had been signed in 2005 by very temporary IED Ambrose Lane, a WPFW broadcaster who presided briefly between Dan Coughlin and Dan Siegel. The lease was signed under somewhat mysterious circumstances in that members of the 2005 board of directors have not confirmed that they saw it or reviewed it prior to signing. The lease took full advantage of the skyscraper deficit in New York City after the collapse of the World Trade Center in 2001, hiking the rent abundantly every year for a decade and a half until 2020, where it topped out at more than 3/4 of a million dollars a year, a prohibitive amount for any community radio station.  Continue reading What The Dickens Is Going On?

Request For Information (and Notes on Suicide)

This is a public copy of an email sent to the Pacifica National Board on 12-16-2017

Hi all,
A couple of things. I think it would help to publish an accounts payable listing. The throwing around of vague figures regarding the total amount of debt isn’t really that helpful. Can you provide a list of amounts owed?

If this $8 million dollar figure is true, then what it means is that Pacifica’s debts have doubled, increased by 100%, with no help from a Democracy Now contract, in the last four years – ie. from the close of the 2012-13 fiscal year at 9-30-2013 to the current day.

Continue reading Request For Information (and Notes on Suicide)

The Empire Strikes Back Delayed

Berkeley – Pacifica’s ticking bomb, the 15-year incredibly expensive WBAI transmitter lease at the Empire State Building, has been the center of attention, since the owners of the iconic NY skyscraper reneged on the supposed deal announced by then-IED Margy Wilkinson in December of 2014 to reduce monthly rent from $50,000/month rate to $12,000/mo and sued Pacifica for the balance of the unpaid rent for the 2014-2016 period. The deal, much to the distress of the then-PNB minority was described as “verbal”, and if it existed at all, has no legal enforceability in court. Due to traditionally bad Pacifica negotiating, this time by then-interim ED Ambrose Lane in 2005, Pacifica is locked into the lease until 2020, which was never economical, goes up by 9% per year and is currently set at 4 times the current market price for radio antenna/transmitter space in Manhattan.  Continue reading The Empire Strikes Back Delayed

Today In Revisionist History

Berkeley-The Pacifica National Board met twice in the month of May, on May 11 and May 25. The meetings featured slow but steady progress intermixed with a not inconsiderable amount of disruption from the remnants of the Siegel/Brazon faction, who no longer hold a majority on the national board. Most of the board’s open sessions are point-of-order-athons, making them a frustrating listening experience for the network’s worried members. The independent board majority uses the Maestro Conference service, a popular conference call service, in order to maximize the efficiency of the meetings, but has used the service’s features sparingly and only after numerous warnings. Continue reading Today In Revisionist History

The Unmuted

Berkeley-Pacifica’s national board, which met a whopping four times in the month of March, spent most of its open sessions suspended in the twilight zone, although some mild improvement was noticeable by the end of March. In a month that began for Pacifica with a smashingly successful one-day national fundraiser and ended with the timely submission of a stabilization plan to California’s Registry of Charitable Trusts, the board meetings were wildly out of touch, mostly focusing on the 2014-2016 Siegel/Brazon majority’s difficulties in adjusting to their current minority postion.

Since there is much good news to share, we don’t want to harp solely on board meeting disruptions. Pacifica members should review the stabilization plan submitted to the California Attorney General on March 30 and can read it here. As an addendum to the document, which focuses on returning to financial sustainability, reform of governance, and improving managerial performance; the following can be reported about Pacifica’s current status: Continue reading The Unmuted

2017 Board Finally Shows Up

Berkeley-15 days after being seated, the 2017 Pacifica National Board finally threw off the shackles of the previous board, refusing to concede to an imperial order from 2016 officers Adriana Casenave and Janet Kobren to unilaterally adjourn the February 10 meeting without conducting any business. The expired officers got on the phone call, established a quorum was present, and then claimed the previous year’s officers had to “approve the meeting in advance” and therefore the meeting was to be adjourned without any vote. The ploy didn’t work and a quorum of the board remained on the call after half a dozen Siegel/Brazonites hung up, passing several motions and then moving on to an executive session. Quorum was re-established in the closed session and the 2017 board made a change in the interim executive director position, relieving former board member Lydia Brazon of the position and appointing Houston listener rep Bill Crosier, pending the hire of a permanent executive director. A 20-minute summary reel of the open session of the meeting can be heard here. The meeting notice can be seen here.   Continue reading 2017 Board Finally Shows Up

Mass Layoffs Averted; Now What?

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Berkeley – Ballots mailed for Pacifica’s 2016 board elections from the East Coast on August 15th. Pacifica in Exile’s candidate endorsements for all stations can be found here. You will find online voting instructions inside your printed ballot envelope. The voting period ends on September 30 at 11:59pm in your own time zone. If you donated, but don’t receive a ballot or for any ballot-related question at any station, you can contact King Reilly, a KPFK member who has graciously agreed to assist folks, at kingreilly@roadrunner.com.

For more on our endorsed slates, see the Committee to Strengthen KPFKMove KPFT ForwardUnited for Community Radio (KPFA), and WBAI Indy Caucus websites. Continue reading Mass Layoffs Averted; Now What?