|
|
 |
|
Greetings!
We extend our warmest wishes for the holiday season and the New Year that lies ahead. As we strive for peace and prosperity in our lives and in ways that will reverberate beyond us, we feel a heightened sense of purpose-- for ourselves, our colleagues, our funders and our audiences. Our cumulative work has made public media an unparalleled resource for information and access to music and ideas that build community, cultural vitality, and effective citizenship.
What was a bold idea more than 40 years ago is today a touchstone of healthy communities. Yet public media is facing big challenges-how to reach and serve new audiences, maximize new technologies, and preserve and grow our funding base.
As we look forward with renewed and heightened purpose, we thank you for helping Public Radio Capital protect and expand access to public media for more than 51 million people since our founding ten years ago. We look forward to working with you in 2011, to create new and lasting services in local communities nationwide.
Warm Regards, Marc Hand and
Susan Harmon
|
New Service in Houston
Public Radio Capital represented KUHF Houston Public Radio, through its licensee, the University of Houston, to acquire the radio station frequency, 91.7 FM, in Houston. The purchase will double KUHF's public service broadcasting for the region with distinct formats on two channels rather than one.
KUHF's public radio service is currently a dual news/classical music service. Through the addition of 91.7 FM, Houston Public Radio will dedicate KUHF to a 24-hour-a-day news and information service. KTRU 91.7 will provide listeners in the Houston region and beyond with a dedicated classical music station. |
|
Preserving NPR in Long Island
In a transaction brokered by PRC, Peconic Public Broadcasting, serving eastern Long Island and southern Connecticut, has finalized the acquisition of WLIU, 88.3 FM from Long Island University. The transaction preserves the NPR news, jazz and eclectic music outlet for the predominately rural area of 133,000 residents. |
|
Fund Makes 3 New Loans
The Public Radio Fund, the only loan fund in the country dedicated to financing public media's future, has made new loans totaling more than $1 million since July. Loan recipients include WFCR Foundation in Amherst, MA, KOCE Television in Los Angeles, CA, and Etown in Boulder, CO. Two other loans for as much as $1.1 million are expected to close before year-end. |
|
Radio and TV Financial Analysis
Public Radio Capital completed an analysis of the 2008 and 2009 financials of all public radio and television stations funded by the Corporation for Public Broadcasting (CPB). This analysis, summarized for the CPB board at their September meeting, included a look at solvency and liquidity, including debt levels, net income and operating expenses. |
|
