When Delaware First Media, an online news service, decided to launch their first radio station they turned to the Public Radio Fund for start-up assistance in funding equipment and staffing needs. With a $105,000 acquisition loan from the Fund, Delaware First Media launched WDDE, broadcasting NPR and local news service to a coverage area of 100,000 people in Delaware. Focusing on high-quality journalism for...
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A Future in Collaboration for Public Media
In a recent Current commentary, “Redefining Public Media for the Future,” Public Radio Capital’s Erik Langner and Dennis Hamilton discuss the financial challenges facing public media and the benefits of stations working together to strengthen services and increase engagement. Highlighting PRC’s client work with Austin’s KUTX and the Kentucky Public Radio Network, this article explores the growing importance of collaboration for public media’s changing...
Read More...Kentucky’s Public Radio System Turns to PRC for Guidance on Collaboration and Consolidation
A recent article in Current, “Kentucky Public Radio Stations Evaluate Advantages of Working Together,” August 12, 2013, details how six of Kentucky’s seven public radio stations are working with Public Radio Capital to explore the advantages of collaboration over competition in strengthening local programming and services. Read Current article....
Read More...PRC’s Financial Analyst Russ Otten leaves for Shanghai
Boulder, Colo. – Public Radio Capital (PRC) today announces that it is bidding farewell to financial analyst Russ Otten. Additionally, PRC is excited to welcome new staff member Louis Caputo. “While we are sorry to see Russ leave, we are pleased that his work with nonprofit broadcasting media made him stand out as a candidate for Hult International Business School’s top ranked MBA program...
Read More...Announcing the Release of Public Radio Capital 2012 Annual Report
Following is an excerpt of the newly released Public Radio Capital 2012 Annual Report: Since 2001, Public Radio Capital has provided consulting services to more than 275 public media organizations. The result: more than 66 million people have access to public radio and TV stations that are more robust, sustainable, and attuned to community interests. In 2012, PRC helped clients in 9 acquisition and...
Read More...Triple A Music Station for Kansas City Public Television
PRC brokered the transfer of the KTBG-FM station license from the University of Central Missouri to community-based licensee Kansas City Public Television (KCPT). For more than 18 months, PRC worked with both parties in efforts to preserve the station as an outlet for public broadcasting. To prepare KCPT for integrating its first radio service, PRC provided financial forecasting and business modeling to factor in...
Read More...Trends in Noncommercial Radio Sales: 2012
Public Radio Capital is announcing the release of its analysis of the noncommercial radio sales trends. PRC has prepared this analysis since 2005 for internal distribution and to share with appraisal clients; it will now be available to the greater public media community. Following are highlights from this year’s report: The number of noncommercial radio sales continues to grow; there were 116 licensed noncommercial...
Read More...New Stations Increase Public Radio’s Audience Share
A review of radio transactions in the top 30 markets indicate that existing operators in eight markets expanded services by acquiring new stations. PRC provided brokerage and consulting services for six* of these eight station acquisitions. In Seattle, KING FM switched from a commercial to a noncommercial classical format as well. The chart takes a snapshot of public radio’s audience share across the top...
Read More...Public Radio State of the Industry Report
January 2013 – Public Radio Capital announces the release of its Public Radio State of the Industry Report, covering trends in audience, revenues and federal support. This year’s report includes the most recent industry-wide data collected for fiscal year 2011. PRC has prepared this report annually since 2004 for distribution to bond rating agencies, and starting this year, it will now be available to...
Read More...PRC’s Development Director Transitions to Consulting Role
Anne Hovland, PRC’s Development Director since 2007, will be transitioning to a consulting role with PRC. She will take assignments from time to time that apply her more than 30 years of experience in development and marketing to advance the mission of PRC, and on occasion, PRC’s clients. Co-Founder and Managing Director Marc Hand noted, “Anne’s commitment and contribution to public radio and our...
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