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Public Radio Sees Revenue Growth While TV Lags, Says CPB

Y2kTheNewOldies

Y2kTheNewOldies

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Public Radio Sees Revenue Growth While TV Lags, Says CPB - Radio Ink

The Corporation for Public Broadcasting has released its first post-pandemic State of the System report, with surprising results for radio.
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Here is a recent study that Corporation of Public Broadcasting has released on the current state of Public TV and Radio. Note this data goes up to 2023. The other part is that this came before local NPR and PBS affiliates started reporting cuts.

The report detailed a slight overall revenue decline of $11 million or 0.4% for fiscal year 2023 compared to the previous year, however, radio stations saw a modest increase in direct revenue, up by $4 million – or 0.2% – in fiscal year 2023. Individual giving for radio improved, adding $20 million, although the number of contributors slightly declined from 3.13 million to 3.07 million.


Total expenses for radio saw an increase of $70 million, around 4% year over year.

TV stations experienced a decrease of $37 million, or 2% in direct revenue, during the same period. Public TV also saw a $68 million drop in individual donations, though the number of donors remained constant at 3.63 million.
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Sammi Brie said:
The question in radio seems to be wage growth and costs outpacing revenue growth, not declining contributions per se.
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Big capital spending projects also seem to be a contributor to some of the recent financial problems, with a couple of examples being CapRadio in Sacramento and Colorado Public Radio. I freely admit that CapRadio's problems are at a whole other level; CPR merely engaged in a big project at a bad time.
 


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