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WBAI Settles Lawsuit

So, now ESB has one more empty input at the combiner w/no likely (that i can see) new occupant for the room that 'BAI has had since the 1966 move. Unlike the immediate post 9-11 situation, there are now three viable sticks here in Manhattan plus a phalanx super tall structures going up south of 59th street that will surely affect propagation.

Logic would have had ESB landlords negotiating a lower rent -but landlords are notorious for demanding that "pound of flesh".

LCG
 
Had the Empire State Realty Trust seized the assets of WBAI, that station would've become an easy acquisition target for EMF with K-Love moving to 99.5 and 96.7 switching to Air 1, although other potential buyers would've been either Entercom, Cumulus, Emmis or Univision.
 
TheBigA said:
WBAI has settled the lawsuit with the Empire State Building, and will move its transmitter and tower, as planned, to 4 Times Square. They are paying the back rent with a loan approved by the Pacifica National Board. More below:


https://radioinsight.com/headlines/167630/pacifica-wbai-to-move/
Click to expand...

The new landlord is also financing a new transmitter for WBAI with that cost rolled into the monthly rent.
Terms of the loan are also favorable. It appears WBAI and Pacifica have once again pulled a rabbit out of their hat...
 
I thought Pacifica was having significant money troubles. Can they really provide a loan to WBAI and meet their existing obligations? I'm aware that they have agreed to do so, I'm simply wondering if they can really meet the terms of what they have agreed to.
 
The terms of the loan are pretty good. It was obtained by the parent company of the radio station, and apparently, Pacifica owns some property that it mortgaged for the loan. This situation has also apparently motivated them to fix a lot of the management issues that have plagued them for a long time. Can they meet the terms? Sure. The lender apparently thinks they can, and that's all that matters.
 
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