99.5 WBAI-FM is having money issues. In fact, they’ve been having issues for a while, and just might lose their dial position on the Empire State Building:
Pacifica station WBAI(FM) says it is at risk of having to shut down its transmitter site on the Empire State Building. It says it “fell drastically behind” on its rent at Empire in the aftermath of Hurricane Sandy, and now has launched a campaign hoping to raise $500,000.
“If sufficient funds are not raised in time, the station will lose its transmitter and may never go back on the air in New York City again,” it said in a statement. “WBAI 99.5 FM was already struggling with escalating rent costs and, like most non-profits, with declining revenue as a result of the economic downturn of 2008. Hurricane Sandy forced WBAI from its broadcast facilities in lower Manhattan.”
I wish them luck, as they’ve been through some tough times already. Hurricane Sandy and rent problems aren’t helping the situation either. Could there be a sale of WBAI in the not too distant future?