Kaitz Foundation to Fold Under NCTA
By John M. Higgins -- Broadcasting & Cable, 9/17/2003 11:48:00 AM
Despite resistance by the National Cable & Telecommunications Association, the Walter Kaitz Foundation will be tucked inside the trade association, which will pick up its effort to increase the employment of minorities in the cable industry.
The 20-year-old Kaitz Foundation is widely regarded but often criticized as much more effective at raising money from its annual gala dinner ($1 million per event) than at actually attracting minority employees or helping them rise through the ranks.
An expensive and ineffective internship program was scrapped in favor of grants to other organizations like the National Association of Multi-Ethnicity in Communications and Women in Cable & Telecommunications.
In January, the foundation will move from California and become a one-person office at the NCTA. The office will continue to raise money and distribute it to other groups, plus expand a program aiming to connect minority vendors with cable purchasing agents.
NCTA president Robert Sachs had resisted the move, saying the group’s mission is lobbying, not recruiting. But Sachs’ board voted to combine the organizations Wednesday morning.
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