CPB Distributes $25 Million in Fiscal Stabilization Grants

The Corporation for Public Broadcasting (CPB) is distributing $25 million in fiscal stabilization grants to public radio and television licensees across the country.

In addition to regular CPB funding, the Fiscal Year 2010 Consolidated Appropriations Act, signed into law by President Obama on December 16, 2009, provided $25 million "to maintain local programming and services and preserve jobs threatened by declines in non-Federal revenues due to the downturn in the economy," to be distributed within 45 days of the bill's enactment. In early 2009, CPB had requested this money from the Administration and Congress, based on survey data showing sharp declines in individual, state and local government, business, foundation and other support for local public broadcasting stations.