Thank you to Chet for bringing this to my attention<\/p>\n
http:\/\/www.dailymail.co.uk\/news\/article-2002816\/Doomsday-pastor-Harold-Camping-suffers-stroke.html<\/a><\/p>\n The measure of the strength of a family is how they behave when their leader is near death.\u00a0\u00a0 Do they surround him and protect him or do they circle like vultures waiting to split up the furniture?<\/p>\n Harold Camping’s failed prediction that May 21st was going to be the date of the rapture made him a world wide celebrity for a week.\u00a0\u00a0 It was great cannon fodder for “See how stupid Americans are?” reporters all around the world.<\/p>\n From all I can tell Harold Camping is a sincere man, just eccentric.\u00a0\u00a0 Back when I was researching his network (along with every other major radio owner), I tracked down his “mansion”.\u00a0\u00a0 He lives in a very modest house in Oakland.\u00a0\u00a0 His entire ministry is run from a storefront on a road near the Oakland airport in an industrial part of town.\u00a0\u00a0 Just off the top of my head, I can think of at least 4 “Christian” radio owners who live very prosperous lives gathering up money for Jesus and taking their “cut” of the proceeds.\u00a0\u00a0 Harold claims to not take a salary for his work.\u00a0\u00a0 I think that’s probably true.<\/p>\n However, the organization he built over the last 50 years is worth a LOT of money.\u00a0 When he is unable to run it (or dies), what happens next will determine what his long term legacy is.<\/p>\n Harold got involved with FM radio back when it didn’t yet exist in cars.\u00a0 The FCC issued him licenses in a number of major cities.<\/a>\u00a0\u00a0 Non-commercial licenses are selling now for more than commercial ones in many cases.<\/p>\n WFME-FM in New Jersey covers all of New York City<\/a>.\u00a0\u00a0 That one station by itself is probably worth $100 million.\u00a0\u00a0 His network also owns stations that cover San Francisco<\/a>, Los Angeles<\/a>, \u00a0Philadelphia<\/a>, Cleveland<\/a>, Seattle<\/a>, along with a network of satellite fed FM translators.\u00a0\u00a0 My guestimate is the network is worth about $250 million.<\/p>\n I heard one report as May 21st was approaching that Family Radio had borrowed money to get the word out, in which case those licenses would have been the collateral.\u00a0\u00a0<\/p>\n So the next chapter in the story awaits…<\/p>\n","protected":false},"excerpt":{"rendered":" Thank you to Chet for bringing this to my attention http:\/\/www.dailymail.co.uk\/news\/article-2002816\/Doomsday-pastor-Harold-Camping-suffers-stroke.html The measure of the strength of a family is how they behave when their leader is near death.\u00a0\u00a0 Do they surround him and protect him or do they circle … Continue reading