(SANFRANCISCO.CBSLOCAL) — Judgement day may finally be at hand for a California evangelical radio network used by a preacher to predict—incorrectly—the apocalypse.
Oakland-based Family Radio has sold its three largest radio stations, and tax records show the nonprofit network saw its net assets drop to $29.2 million by the end of 2011, from a net worth of $135 million four years earlier.
The radio network is run by Harold Camping, who predicted the world would end on May 21, 2011, only to later concede he had no evidence of an impending apocalypse. The network spent millions of dollars—some of it from donations made by followers—putting up thousands of billboards plastered with the Judgment Day message.
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