But if I were a progressive-with-loads-of-cash, I’d buy network of radio stations. If you are a progressive-with-loads-of-cash (or know someone who is), there’s a great opportunity to invest in another shot at resurrecting progressive radio.
Remember Howard Camping? The evangelical who made big headlines when he predicted the end of the world on May 21st of this year — and made even bigger headlines on May 22nd, when we all woke up to find the world was still here (and realized that we still had to go to work, pay our bills, etc.)? Well, he’s back.
Probably? Well, maybe that’ll be enough to keep people from quitting their jobs and emptying their savings accounts this time around.
Speaking of savings accounts, what really jumped out at me is that Camping is selling some of his his network of 65 radio stations.
Now mind you, the church only holds about 100 people, Tauszik says. And it’s clear that the ranks of Camping’s true believers have thinned. One source says Family Radio is trying to sell off stations to avert bankruptcy.
“The reputation of Family Radio is marred, and the money is not coming in,” says David Liquori, who traveled the country last spring in a caravan, spreading the word about May 21. Still, Liquori believes the end is coming Oct. 21. He’s just not sure what, exactly, it will look like.
Two of Camping’s FM stations went on the action block in August, to “raise cash to address operating deficits accumulated over the last several years.” According to Wikipedia, Family Radio “consists mainly of FM radio stations with non-commercial licenses (and a few commercial licenses used as non-commercial) and relays, with some AM stations and two television stations.”
I’m not a gambling man (see the note about lottery tickets at the beginning of this post), but if I were I’d bet that hedging his bets with a “probably” on the new October 21st deadline on the apocalypse won’t stop the “thinning” of Camping’s supporters or listening audience, making it less likely that those “operating deficits” will get more difficult to “address.”
That doesn’t mean Camping will have to sell off his entire network, but there’s a good chance that he’ll have to sell off a few more stations. Possibly several. And while Camping may not be willing to sell them to a “godless liberal,” but there’s at least an opportunity for a progressive or progressives with enough money in the bank to make some discreet bids and snap up a few stations, thus making them “progressive-owned.”
The right-wing got a huge head start on establishing a media presence. We on the left made a valiant effort to close the gap. We all know that history, but it’s too important to let another shot at closing the gap slip by. It’s almost certain Camping won’t get his October 21st apocalypse — the bible itself says as much — another failed prophecy might yield a chance to resurrect progressive radio.
Just in case, though, get your bids in before October 22nd.