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.
The board also approved the hire of Tom Livingston, an experienced public media executive, to take over the executive director position.
Editor’s note: Pacifica in Exile takes seriously the responisibility to keep the members informed and we are aware that many are both eager, and entitled, to know the terms and conditions for the loan series. We firmly intend to publish this information as soon as practible. Unfortunately, we have been convinced and have chosen to accede to, a request not to do so immediately due to threats from some parts of the organization who were deeply committed to a bankruptcy proceeding and the break up of the Pacifica network. We will publish as soon as it is viable to do so. We regret the delay.
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Started in 1946 by conscientious objector Lew Hill, Pacifica’s storied history includes impounded program tapes for a 1954 on-air discussion of marijuana, broadcasting the Seymour Hersh revelations of the My Lai massacre, bombings by the Ku Klux Klan, going to jail rather than turning over the Patty Hearst tapes to the FBI, and Supreme Court cases including the 1984 decision that noncommercial broadcasters have the constitutional right to editorialize, and the Seven Dirty Words ruling following George Carlin’s incendiary performances on WBAI. Pacifica Foundation Radio operates noncommercial radio stations in New York, Washington, Houston, Los Angeles, and the San Francisco Bay Area, and syndicates content to over 180 affiliates. It invented listener-sponsored radio.