$25 million in financial aid flows to pubcasting stations

Today pubcasting stations received their share of $25 million in fiscal stabilization grants (Current, Dec. 14, 2009) from the Consolidated Appropriations Act from CPB. According to the act, the funds are provided “to maintain local programming and services and preserve jobs threatened by declines in non-Federal revenues due to the downturn in the economy” at both public TV and radio stations. President Barack Obama signed the bill Dec. 16, with funds to be distributed within 45 days. Station grants were calculated on a multiplier of each station's three-year average community service grant, a CPB statement said.