News

Meeting Could Determine Kaitz's Future

9/14/2003 8:00 PM Eastern

The future of the beleaguered Walter Kaitz Foundation will most likely be determined during the annual meeting of the organization's board of directors this week in New York.

The board will debate and potentially vote on a course of action for the nonprofit organization, which currently provides funds to groups advocating diversity within the industry. It will hold its annual fundraising dinner this week.

Among the proposals the board will examine is placing all Kaitz operations under the auspices of the National Cable & Telecommunications Association, which would oversee the group's annual fundraising dinner, sources close to the situation said. But NCTA president Robert Sachs has said in previous statements that the organization did not want to run the Kaitz Foundation.

Sources, however, said the NCTA may have to yield if its board members and industry leaders recommend such a course of action.

Representatives from the NCTA would not comment; Kaitz officials did not return calls by press time.

Another proposal would have Kaitz abandon its role as a grant provider and instead give funds directly to industry-based diversity-minded organizations such as NAMIC, the Emma L. Bowen Foundation for Minority Interests in Media and Women In Cable & Telecommunications. Kaitz just last year began offering grants after initially recruiting and placing qualified minorities into middle- and upper-management positions within cable companies.

"If we are going to go ahead and support industry organizations, I would hope that it's an objective that people in the industry would be supportive of, and I think it would address questions of overhead," Landmark Communications Inc. president and chief operating officer Decker Anstrom said.

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