CPB Hands Out 'Fiscal Stabilization Grants'
January 18, 2010 at 4:47 AM (PT)
The CORPORATION FOR PUBLIC BROADCASTING has distributed $25 million in fiscal stabilization grants to public radio and television licensees. The money was included in addition to the corporation's regular funding in this year's appropriations bill to "to maintain local programming and services and preserve jobs threatened by declines in non-Federal revenues due to the downturn in the economy."
Grants were calculated based on a multiplier of a station’s three-year average community service grant.