WBAI is the New York City outlet of Pacifica Radio, a far left political movement founded by pacifists following World War Two. Their stations have become a magnet for every fringe group that hates the United States.
The last few years, there has been infighting over who gets what part of the money coming in (the local stations or the Mother Ship producing the network programs).
Super storm Sandy may be the last straw. WBAI had its studios on Wall Street to be close to the enemy, and the flooding of the area affected them. Their insurance company turned down their claim of loss of income and the station management was counting on insurance money to keep them from drowning in red ink.
Be sure to catch Amy Goodman as she covers this story.