<html><body> <DIV>Joe - Well,  no matter what one says -  KGO and KSFO ARE competitors with KPFA for audience (And KPFA, of course, occupies a space on the FM dial that Disney, no doubt, would like to have),. That a controller for one company would serve in a  sensitive financial capacity for a competitor would - in the private sector- raise eyebrows, if not be forbidden outright. Terms like "conflict of interest" or "apparent conflict of interest" might be applied.  Once again, KPFA appears to operate in a sphere all its own. </DIV> <DIV>          More to the point, I note your silence as to the substance of the forwarded message. SR</DIV> <DIV> </DIV> <BLOCKQUOTE style="PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #1010ff 2px solid">-------------- Original message -------------- > 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 > > _________________________________________________________________ > Don’t just search. Find. Check out the new MSN Search! > http://search.msn.click-url.com/go/onm00200636ave/direct/01/ > > ___________________________________ > http://mailman.lbo-talk.org/mailman/listinfo/lbo-talk </BLOCKQUOTE></body></html>