Tag Archives: bylaws

The Day The Insurance Died

dove-300x176

 

Berkeley-PNB director Bill Crosier notified the local board in Houston that Pacifica’s directors and officers liability policy had been cancelled, with an extension for only 60 days, and a bankruptcy/insolvency exemption in effect for those 60 days. The last day the policy provided full coverage was August 11th. Insurance underwriters had been demanding audited financial statements for months. Crosier told his board (the only local one to date that has been informed): Continue reading The Day The Insurance Died

Proceeding With Things

dove-300x176

Berkeley-On July 28th, a second special meeting on finances was held, once again boycotted by the entire board majority, with an attempt to unliaterally cancel the meeting by board chair Tony Norman. You can listen to the entire meeting here,a highlights reel here, and read  a written summary of recommendations here.

The Siegel/Brazon board majority did attend the August 4th board meeting a week later, a meeting which which focused primarily on bylaws amendments, elections and disciplinary retribution. A highlights reel can be heard here. Among the subjects discussed:

After a two-year delay, New York station WBAI was re-licensed by the FCC, although the station’s lack of a local or toll-free telephone number since June 23rd place it in violation of broadcasting law (Section 47 C.F.R. 73.1125(e)). The Siegel/Brazon majority on the national board celebrated with Brazon announcing “The really good news is that WBAI has been granted their license renewal until June 1, 2022. That is really important in that it allows us to proceed with a lot of things (giggle) including negotiations that we have with debtors {sic} and so forth”. License renewal is what permits a sale or lease transaction of a broadcasting license. License renewal has no value in a negotiation with a creditor due to FCC prohibitions on using the value of broadcast licenses as collateral. Continue reading Proceeding With Things