LAS VEGAS — Less than a week after creating a partnership to help public broadcasters pool equipment and services purchases, executives from CPB, WGBH and Public Media Co. presented their plans here Wednesday and Thursday to attendees at PBS TechCon and the Public Radio Engineering Conference. The project is so new it lacks a formal name; for now it’s going by Public Media Procurement....
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The Pacifica Foundation announced today the settlement on a series of agreements that releases WBAI, the organization’s New York radio station, from a court judgement as well as the last two years of its lease at the Empire State Building as of May 31st, 2018. The Foundation is also in the final stages of completing an agreement to relocate its transmission facility to a...
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DATE: October 16, 2017 The FCC announced the issuance today of an initial allocation of the TV Broadcaster Relocation Fund in the total amount of $1 billion to begin to reimburse eligible full power and Class A broadcasters and multichannel video programming distributors for their repacking costs. The initial allocation of funds will help stations cover upfront expenditures, equipment down payments, and other charges....
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KCPW has reached an agreement that significantly improves its long-term outlook. The deal restructures the 2008 loan used to purchase the station, and eliminates more than $1.7 million of long-term debt. Lauren Colucci, KCPW’s General Manager, says that the arrangement means a new day for the local news and information outlet and its listeners. “The debt burden that was taken on in 2008 saved...
Read More...With 39 fulltime employees and signals reaching 90% of the state’s population with news and information, the only thing small about New Hampshire Public Radio (NHPR) was their building. Cramped cubicles, mazes of extension cords and a makeshift recording studio were part and parcel of day-to-day operations at NHPR. This behind the scenes view was invisible to the 150,000 weekly listeners who rely on...
Read More...PMC represented KERA, a North Texas public media organization, in acquiring and financing an FM channel to bring Dallas-Fort Worth audiences noncommercial Triple A music. PMC coordinated the loan for the $18 million purchase through a consortium of nonprofit focused lenders, including National Cooperative Bank, FJC and PMC’s Public Radio Fund. The loan was negotiated with low interest rates and flexible financing options. Two...
Read More...New York based nonprofit FJC: A Foundation of Philanthropic Funds established a $195,000 fund at PMC to spur growth and innovation in public broadcasting. Public media organizations can apply for grant funding that will underwrite a portion of PMC’s in-depth strategic planning consultancies aimed at growth strategies. The RPMF is intended to spur innovation in public broadcasting, and to aid public broadcasters in improving...
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