Marc Cooper on the continuing nosedive of “alternative media” bastion Pacifica Radio, and what this disaster says about the “media reform” movement. “If it can’t bring itself to scrutinize the squandering and trashing of the $500 million Pacifica network (the market value of its licenses), then why should we trust this movement to offer serious analysis of the rest of the media?” Indeed.
[Goodman] struck a sweetheart deal with the new mgmt made up of her pals. Democracy Now! which was created by the network was privatized and handed to Amy as her own personal enterprise with a guarantee of well over a 1/2 million dollars a year in no-bid contracts from the network. Since then, Democracy Now! has raked in millions, literally, in foundation grants and other donations and is sitting on a pile of cash as the network from which it was born, and which it helped boycott while it was still part of, is now quickly evaporating into the ether. But, you know, Amy is a saint.
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