Source link : https://las-vegas.news/company-for-public-broadcasting-says-its-starting-to-close-down/
The Company for Public Broadcasting (CPB) on Friday stated it’ll start “an orderly wind-down of its operations” after seeing its funds lower via GOP-led laws.
“Despite the extraordinary efforts of millions of Americans who called, wrote, and petitioned Congress to preserve federal funding for CPB, we now face the difficult reality of closing our operations,” CPB President Patricia Harrison stated in a press release.
“CPB remains committed to fulfilling its fiduciary responsibilities and supporting our partners through this transition with transparency and care,” her assertion continued.
CPB cited laws handed by Republicans final month that yanked again two years’ of superior funding on the request of President Trump, amounting to a clawback of greater than $1 billion for fiscal years 2026 and 2027.
It additionally pointed to an absence of funding for CPB in an annual funding invoice superior by the Senate Appropriations Committee on Thursday, saying it was the primary time in additional than 5 many years the funding had been omitted.
CPB stated most of its workers jobs would conclude on the finish of the fiscal yr on Sept. 30, whereas a small transition group would work via January “to make sure a accountable and orderly closeout of operations.”
“This team will focus on compliance, final distributions, and resolution of long-term financial obligations, including ensuring continuity for music rights and royalties that remain essential to the public…
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Author : LasVegasNews
Publish date : 2025-08-01 18:04:00
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