More to the point, I note your silence as to the substance of the forwarded message. SR
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> Marnie is the Controller for KGO/KSFO/KMKY/KIID Radio San Francisco which
> are owned by ABC/Disney. In my mind this is a biographical detail and
> neither here or there politically. KGO has some of the most progressive (as
> well as reactionary) talk radio on the AM band in the Bay Area. We all (most
> of us anyway) have to work for a living. Marnie is personally a progressive
> person and a media professional. The reference to KSFO's right-wing hosts as
> though Marnie is ideologically connected to or responsible for them is ad
> hominem.
>
> Joe W.
>
> >
> >Instead of dealing with the very real problems that plague the network,
> >Pacifica management is proposing to resolve the crisis by borrowing money.
> >This is like "giving teen-age boys credit cards," said Sandy Weinman, the
> >LSB Treasurer of KPFT in Houston, Texas. "We've survived this far in our
> >history without a line-of-credit. It's not time to turn over the Monopoly
> >cards and mortgage our future."
> >
> >To borrow money, Pacifica would have to put up something as collateral --
> >the buildings, the broadcast equipment, the station licenses. In one
> >scenario, the collateral would be future income. Imagine a pledge drive
> >where your money goes, not to Pacifica, but to Wells Fargo or the Bank of
> >America.
> >
> >It should be obvious that if Pacifica goes deep into debt to cover up our
> >runaway budget problems, we are just asking for trouble, and serving up the
> >network on a silver platter to our creditors. "Our assets are beyond our
> >buildings. The real worth is the FCC licenses and the bankers know this,"
> >said Weinman at the most recent National Finance Committee meeting.
> >
> >But, in the minds of our current management, not to be in hock to the banks
> >is somehow unbusinesslike. "Is our role to survive?" mused Interim
> >Executive
> >Director Lane. "The responsibility of a board member is to enhance the
> >value
> >of the corporation for which they serve."
> >
> >Not so, said PNB member David Adelson, a representative from KPFK in Los
> >Angeles. "I think the charge is to see that the Pacifica mission is
> >fulfilled, not to enhance the assets of Pacifica."
> >
> >
> >WHO'S IN CHARGE?
> >
> >When it was her turn to speak, Patty Heffley, a PNB National Finance
> >Committee member from WBAI, said that she had not known that Pacifica
> >management had received unbudgeted raises and bonuses. "Who is in charge of
> >the managers," she asked, "so they don't overspend?"
> >
> >"That's an interesting question," CFO Hicks answered. "Who's accountable
> >for
> >management expenses of this organization? The issue has not been
> >resolved...
> >We need a national policy for monitoring and controlling expenses."
> >
> >If the current Pacifica management has its way, the Pacifica community
> >might
> >find Wells Fargo or the Bank of America "monitoring and controlling
> >expenses."
> >
> >
> >[ The quotes in this report are transcribed from the Pacifica National
> >Finance Committee meetings of July 29 and August 2, archived at:
> >http://www.kpftx.org/#archives ]
> >___________________________________
> >http://mailman.lbo-talk.org/mailman/listinfo/lbo-talk
>
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