[Kzyxtalk] KZYX FINANCIAL RESEARCH

[King Collins]

John, wait. I hoped to keep this thread concerned more with research, less with accusation. I think the majority of folks agree that salary information should be available and when we get it some of these things will be much clearer. Maybe you could reframe you question, so that a lay person like me can understand it. 

In some ways the focus on finances, especially when it turns to accusation, obscures other things like overall policy decisions, the "strategic plan" and more social questions like style of management. 

So I have a different question for Tim, a softer question, which I'll post it separately under the subject: "Different kind of station?"

king

* * * *


Hey Tim, how about answering my question in an earlier regarding a single line item for salaries and benefits? One line. With one number. It seems as if that single budget item has been deliberately obfuscated in both our audits and IRS returns. This could be an IRS issue if the intent was to deceive or conceal.

Regarding Doug's rather clever piece of forensic accounting, I'm guessing Coate inherited a line of credit from Ms. Rawlin's that had been drawn down by $55,000. I'm virtually certain more was drawn down before Coate fired Christina on the pretext of austerity. Then, and only then, did Coate disclose a total debt of $175,000.

If either of the two issues above can be substantiated, then we have more serious issues that can added to the five complaints currently on file at the FCC.

From: "Tim Bray" <tbray at wildblue.net>
To: kzyxtalk at lists.mcn.org
Sent: Friday, February 28, 2014 6:47:57 PM
Subject: Re: [Kzyxtalk] KZYX FINANCIAL RESEARCH

Doug, I'm afraid neither of these statements are true.  If you read that October 2008 GM Report (the first one John Coate prepared), you saw that he reported to the Board that the Line of Credit had been drawn down to around $55K, and he also reported an additional $50K in other debts.  That was the situation he discovered upon arriving at KZYX; it is my understanding that it had developed rather suddenly during Belinda's last few weeks/months in office.  MCPB ended FY 2007 (June 2007) about $16K in the black.

John also notified the programmers of the debt situation early on - I have the email from 18 September 2008 in which he informed everyone that the station had ended FY 2008 $93K in debt.

I don't know when we began telling everyone on-air about the debt situation.  But John made no attempt to keep it secret, and was surprised when people seemed to be blindsided by the crisis when Christina was laid off (June 2009).  

Tim Bray



On 2/28/2014 10:32 AM, doug mckenty wrote:
 From what I can gather, when Coate became GM the station was broke, but without much debt.

Rather than go public with this info, as KMUD did when they had a financial hiccup a few years ago, he waited until the station was 175k in debt and he let Aanastad go. Only at this time did the membership discover the extent of the financial problem.

Doug

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