The Corportation For Public Broadcasting (CPB) has withheld
financial support for the Pacifica Foundation’s five radio stations after the
organization missed deadlines for fixing errors and shortcomings in its
accounting and operations.
According to current.org, the errors were discovered during a CPB audit last year that
cited Pacifica
for insufficient accounting practices, misreported revenues and failure to
comply with CPB rules on open meetings and financial transparency.
The withholding of CPB funding hits Pacifica at a precarious time as its stations
struggle to raise enough money to pay rent and staff.
WBAI 99.5 FM, Pacifica ’s New York station, fell
short of its on-air fundraising goal in May by 45 percent, or $343,000. The
station can’t cover its June payroll or rent for its antenna, according to a
June 9 email by Berthold Reimers, g.m., to members of WBAI’s board.
The station will extend its fund drive, wrote Reimers, who
added, “This is our only choice until we can figure out other means or else we
will have to shut down the station.”
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