The Company for Public Broadcasting (CPB) has introduced that it’s shutting down after six many years because of the lack of federal funding. The choice follows the Trump Administration’s profitable efforts to rescind $1.1 billion in federal funding beforehand allotted to the CPB.
“Regardless of the extraordinary efforts of tens of millions of Individuals who referred to as, wrote, and petitioned Congress to protect federal funding for CPB, we now face the tough actuality of closing our operations,” Patricia Harrison, the president and CEO of CPB, mentioned in a press release on Friday. “CPB stays dedicated to fulfilling its fiduciary obligations and supporting our companions by way of this transition with transparency and care.”
The Company for Public Broadcasting was first established by Lyndon B. Johnson in 1967, and has lengthy performed a crucial function in supporting public media throughout america by offering funding to public tv (together with PBS), radio stations (similar to NPR), and initiatives that promote academic programming and neighborhood outreach.
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