Privatization & the Radio Station

A cautionary tale

by Larry Pratt


A lawyer friend of mine says the fiasco surrounding last spring's closure and reopening of CKUA radio station made her long for a return to the days when political leaders who had betrayed the public trust would be dragged out to a city square and locked in stocks for a few days of self-reflection, preferably in February.

What really outraged her was less the revelations about financial mismanagement or the incompetence of CKUA's board than it was the total failure of anyone - board, management, government - to take any responsibility for the mess. How is it possible that no one was held accountable for the million dollars that the former directors of CKUA paid themselves and their own companies out of the station's scarce funds from 1994 to 1997, the period after it was privatized by the Klein government, in spite of an explicit ban on any remuneration for the board members?


Continued in the Winter 1998 issue of AlbertaViews