Is the End Near For Harold Camping's Family Radio?
May 13, 2013 at 4:22 AM (PT)
The end may be near for FAMILY RADIO, according to an article in the CONTRA COSTA TIMES chronicling the religious broadcaster's finances.
The article, based on interviews with former high-level FAMILY RADIO employees including owner HAROLD CAMPING's former right-hand man MATT TUTER, notes that the company's net worth has plummeted from $135 million at the beginning of 2007 to $29.2 million at the end of 2011 despite receiving $85.2 million in donations in that time, and "former and current insiders" alleging that the company "mishandled" the sale of WFME/NEWARK-NEW YORK, WFSI/ANNAPOLIS-WASHINGTON, and WKDN/CAMDEN-PHILADELPHIA and got "far less than they were worth." In addition, the company allegedly owes millions of dollars in loans from listeners, and, since CAMPING's widely-publicized and ridiculed prediction of the end of life on Earth in 2011, has been subject to multiple requests to the CALIFORNIA Attorney General for investigation of the station sales and handling of donations. TUTER told the TIMES that CAMPING has long told him that when the evangelist dies, he wants the company to die with him, asserting that CAMPING "was very specific he did not want it to continue" and adding that CAMPING said "'GOD raised up FAMILY RADIO just as a platform for me!'"
Board member and current company operator TOM EVANS says that while the company is experiencing the same troubles as other nonprofits in the weak economy, the company's financial problems aren't as serious as alleged. And a message posted last NOVEMBER on the FAMILY RADIO website by CAMPING read, "Many listeners have heard news of this sale (of WFME, now Country WNSH (94.7 NASH FM) under CUMULUS ownership) and are very concerned that it signals the demise of FAMILY RADIO. But, let me reassure you -- nothing could be further from the truth."