Pacifica Radio Seeks Emergency Loan To Avoid Collapse

“[The Pacifica Foundation] is at risk of asset seizure following a judgment in October that ordered the network to pay $1.8 million in back rent plus interest to the Empire State Realty Trust. The rent is for the transmitter of WBAI, Pacifica’s New York City station. … Pacifica’s total debt is roughly $8 million, including roughly $2.4 million to Democracy Now! Productions. The network is also in arrears for pension payments.”