Corporation for Public Broadcasting announces it will shut down after Trump, Congress cut funding
In a press release Friday, the CPB said it would begin "an orderly wind-down of its operations following the passage of a federal rescissions package" last month.
"For nearly 60 years, CPB has carried out its Congressional mission to build and sustain a trusted public media system that informs, educates, and serves communities across the country," CPB said in its statement. "Through partnerships with local stations and producers, CPB has supported educational content, locally relevant journalism, emergency communications, cultural programming, and essential services for Americans in every community.
CPB President and CEO Patricia Harrison said "we now face the difficult reality of closing our operations" despite efforts to salvage funding for public media.
CPB employees were informed that most of their positions will conclude at the close of the fiscal year at the end of September.
This is a developing story…
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The Motley Fool has a disclosure policy. 3 Reasons XPO Stock Could Take Off in the Second Half of the Year was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
