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00:02The Corporation for Public Broadcasting said it will dissolve the 58-year-old non-profit
00:07organization that oversaw government funding for the Public Broadcasting Service and National
00:12Public Radio, according to The Wall Street Journal. The decision follows the elimination
00:16of federal funding for public media last year. Trump made defunding public media a priority
00:22and issued an executive order in April criticizing PBS and NPR coverage.
00:27Congress clawed back $1.1 billion that had been budgeted for CPB over the next two fiscal
00:33years through a rescissions package. CPB said its board concluded it could not continue
00:38as a non-functional entity without federal resources. The organization distributed most
00:43of its funding to about 1,500 public radio and television stations. CPB said it will
00:48complete distribution of remaining funds before winding down operations.
00:52For all things money, visit Benzinga.com.
