Folks,
The New York Times is out with a big story outlining how more than 100 PBS & NPR Stations are at risk of closing as a result of Trump cutting more than $500 million from their budgets:
The sudden and dramatic reduction in funding will result in a pool of fewer stations to buy programming and solicit donations, potentially creating a “doom loop” with dire consequences for the rest of the system.
“Failing stations will create a cascade effect in this highly connected and interdependent system, impacting content producers and leading to the potential collapse of additional distressed stations in other areas of the country,” Mr. Isgitt said.
An analysis by Public Media Company identified 78 public radio organizations and 37 TV organizations that were at risk of going dark as a result of the cuts. In some cases those organizations operate multiple stations, allowing them to reach even greater populations.
The stations rely on grants from the Corporation for Public Broadcasting and other federal funding for at least 30 percent of their budgets, and some of them serve counties with limited access to local news.
However, outlets like Payday Report will also be affected negatively by these ripple effects.
Very few foundations give money to independent media outlets like Payday Report. With PBS and NPR stations scrambling to make up lost funds, saving these stations will likely be a top priority for the few foundations that give money for media, making it more difficult for Payday Report to compete for funds.
Therefore, we need your help as readers more than ever to stay afloat. Payday is in business and has published its 1,400 articles.
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