Pacifica Radio Fdn nearly bankrupt, KPFA in peril (tags)
Pacifica Foundation officers informed KPFA (94.1 FM, Berkeley, Ca) management that the organization is out of money, having spent over two million dollars over the past three years on corporate law firms, security services, and public relations agencies. Over the past two years, however, KPFA has exceeded all fundraising goals, and should show a surplus of over $200,000. Instead, KPFA has over $100,000 in unpaid and overdue bills, including $9,400 to PG&E for electricity. The station may be off the air if the PG&E bill is not paid by Monday, October 22.