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."