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CapRadio’s Vicki Gonzalez asked CapRadio Interim General Manager Tom Karlo for an end-of-year update on unprecedented financial challenges facing the news and music stations, following a devastating audit commissioned by the CSU system.
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Assembly member Kevin McCarty of Sacramento says he paused the funds after a September audit found numerous instances of financial mismanagement at CapRadio.
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Chico State has completed a historic agreement to transfer ownership of an unused parcel of land to the Susanville Indian Rancheria in Lassen County. Also, a Sacramento lawmaker has placed a hold on two million dollars in state funds that had been earmarked for CapRadio’s new downtown headquarters, and this Sunday Chico will host its annual Christmas Preview downtown to celebrate the winter season.
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Only seven board members remain, including the station’s interim General Manager and Sac State’s student body president. Another top executive is no longer with the station, the station confirmed Thursday.
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President Luke Wood said Sac State has been in communication with the Corporation for Public Broadcasting, which could launch an investigation or audit of their own.
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In a letter sent to university President Luke Wood, the board members cite "a failure of Sac State to inform and engage with the board in a good faith effort" following a CSU audit that showed significant financial mismanagement at the station.
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The move comes after an audit uncovered significant mismanagement at the Sacramento NPR member station. The university’s internal projections show CapRadio “will have no financial resources remaining in January 2024.”
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The report comes one month after CapRadio laid off 12% of its staff amid ongoing financial problems. Sacramento State, which holds the organization’s license, says it will supervise “operational management” of the NPR member station
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The NPR member station laid off employees in both its Sacramento and Chico offices, resulting in the cancellation of four Saturday music programs.
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CapRadio announced a layoff of 12% of its workforce Wednesday citing financial strains amid a slowing in donor support. Also, a new study has found that our warming climate has increased the frequency of extreme daily fire growth in California by an average of 25%, and thunderstorms are predicted north of Yuba City today.