FBi Radio is saved

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JackT

JackT joined us on the 29th Oct, 2007 and is a contributor.

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Thanks to a PR campaign propositioning Richard Branson, a flurry of fundraisers and many a supporter shout-out, Sydney’s FBi Radio is safe. As reported by B&T Today, the radio station has raised $350,000, putting it in the clear for the next two years.

In a statement, FBi’s general manager Evan Kaldor announced the forecast is positive – at least in the short-term. “When we launched the campaign, we said our goal was to not only meet the immediate threat but also to secure our long term viability,” he said. “To achieve this, we need to raise $1,000,000 to pay down our start up debt and provide a buffer to fund our ongoing operational costs, so we are not constantly living hand to mouth.

“The response to the campaigns has been overwhelming and we can say with much relief that, thanks to the generosity and hard work of so many people, we have now addressed the immediate threat to the station.”

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