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Bankruptcy Is A Beginning

 

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Berkeley-The Pacifica National Board had an informal “strategic planning” meeting Thursday night. In the hour-long meeting, KPFA director Jose-Luis Fuentes pushes for the Pacifica Foundation to move into voluntary bankruptcy, which is described as “a beginning” by PNB director George Reiter. The board indicates they wish to consult with their FCC attorney John Crigler about filing for reorganization, although Crigler is an FCC and copyright attorney, not a bankruptcy attorney.  Options on the table are described as a sale of Berkeley’s national office building or a lease, sale or swap of WBAI’s broadcasting license. PNB members Adriana Casenave and Tony Norman insist the board’s discussions about selling real estate, leases, swaps or sales of broadcasting licenses or “debt reorganization” be held in executive session where the network’s members cannot hear them, and discuss how these decisions are “political”. The full meeting audio is here, a seven minute clip is hereContinue reading Bankruptcy Is A Beginning