Tuesday, December 22, 2015

KPFK FINANCES - premiums denied payors, lack of sponsor support noted.



Information culled & some excerpted from the only online resource available: pacificainexile.org

A preliminary financial statement issued last week by the Pacifica national office showed a massive loss of listener support dollars (i.e fund drive pledges) of $1.6 million from fiscal 2014 to fiscal 2015.  

The drop from $10.54 million in 2014 to $8.93 million in 2015 is nine times larger than any loss of listener support in the preceding 4 years. Listener support was at $10.39 million in 2011.

At KPFK, the listener support numbers are $3.15 million in 2011, $2.99 million in 2012, $3.06 million in 2013, $3.23 million in 2014 and $2.96 million in 2015…………on December 14th, 

Meanwhile, KPFA reported $6,300 in pledges for Uprising. KPFK reported $370. On December 15th, KPFA reported $3,250 in pledges for Letters and Politics. 
KPFK reported $0.

Meanwhile, the new Gen'l Mgr Leslie Radford ….is apparently the breaking of her promise to restore union staff  [from 50% time paid ]  to full schedules by January 2016……….and then Radford stuck to her guns about not paying past due premium bills either.  

She described the unpaid bills as totalling $70,000, which loosely represents about half a million dollars in pledges from 3,000 people. Whopping big numbers to disregard and create bad will both inside with staff and with listener-stakeholders.

Radford then disclosed an offer for KPFK to sell its building and then lease it back from the buyer, purchasing the same piece of property twice. 

(c) 2015 K-blogger -- move from KPFK  bldg on Cahuenga move to another home ? ...like here ? purty, cheaper too.

Selling the building is akin to saying the radio station cannot afford to work within there and moving elsewhere is not only disruptive but may signal the clear END OF WHAT WAS KPFK for so many broadcasting years. 

Can the Manager undermine the whole radio station by herself or even with some cronies on the local board ? 

Is the chop-off-at-the-knees that easy to do ? legally ?   

How is it possible to play property ownership games with a non-profit's land ownership ?

Pacifica: the organization, has already been under CA Attorney General investigation for a year,,,,

NOTE for Activists:   For readers who may wish to do more, any donor to a California-based not for profit organization like Pacifica may file a complaint to the open file at the Registry of Charitable Trusts at the Office of the CA Attorney General. Pacifica’s case number is CT011303. The form and instructions for filing may be downloaded here.

KPFK  management has already said it intends to default on past-due premium gifts for subscribers unless compelled by “legal action”. Radford described the unpaid bills as totalling $70,000, which loosely represents about half a million dollars in pledges from 3,000 people……. 

whereas the New York station -  WBAI  - has already seen revenues collapse by close to a million dollars in 2015  due to 4,000 premiums not being sent to subscribers who ordered them

A preliminary financial statement issued recently by th umbrella org: Pacifica national office , showed a massive loss of listener support dollars  in their  fund drive pledges) of $1.6 million from fiscal 2014 to fiscal 2015. …… 

Listener support was at $10.39 million in 2011.”  that is just 4 years ago. 

Thus the current support is 1/10 of  what  $ came in support just a few years before this infighting chaos occurring and the  pre-emptive  coming-capture of a self-destructive Pacifica -  with KPFK being one of it’s 2 prime radio stations that is obviously FAILING fast, even now.

some parts above are (c) 2015     rt 

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