Public Radio Capital 2011 Annual Report

Posted on May 16, 2012 by admin

We invite you to view Public Radio Capital’s 2011 annual report  www.publicradiocapital.org/news/annualreport2011.php.

Our work at PRC is driven by public media ideals of excellence and independence, media that empowers communities and gives voice to diverse people, ideas, and issues that confront us daily. PRC’s success, and that of the Public Radio Fund, our loan source for growing public media organizations, is only possible through  the help of generous funders, dedicated board members, and venturesome clients intent on better service to their communities.

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MARFA Public Radio Expands in West Texas

Posted on January 18, 2012 by admin

Marfa Public Radio Staff, photo by Chase Lindley

The Public Radio Fund loaned $175,000 to Marfa Public Radio (MPR) in West Texas as acquisition financing for the purchase of 91.3 FM and related broadcasting equipment. This expansion brings MPR services into the metropolitan region of Midland-Odessa, increasing the station’s coverage area from 10,000 people to 250,000 people. Renowned nationally for its life saving crisis response to the largest wildfire in Texas’s history in 2011, word continues to spread about this small, young station and its public radio services that are connecting people daily over the air, online and through social media. Visit them at www.marfapublicradio.org

 

 

 

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Public Radio Capital Co-Founder Susan Harmon to step down as Managing Director

Posted on November 3, 2011 by admin

Public Radio Capital (PRC) today announced that Susan Harmon will retire from her position as managing director at the end of 2011.  Harmon co-founded the organization with Marc Hand in 2001. Harmon will continue to serve on the PRC board as well as on the Public Media Company (PMC) board.  PMC was founded in 2011 by PRC.  The PRC board has named Ken Ikeda to serve as Managing Director with Marc Hand, both of whom also lead PMC.  Ikeda has deep background in digital media and experience in bringing independent producers, emerging voices and diverse communities into the production/journalistic side of media.

Read full press release.

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New Owners and Operators in the State of New Jersey

Posted on September 1, 2011 by admin

Public Radio Capital (PRC) assisted the State of New Jersey on a unique project to implement the State of New Jersey Broadcast Act, which mandated outsourcing the operation of the state’s public television network and selecting buyers for the state’s public radio stations. Read Client Story

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Public Radio Fund Selected as a Leading Fund Manager

Posted on June 15, 2011 by admin

The Public Radio Fund was selected as a leading fund manager by newly launched ImpactAssets 50, a global database of leading private debt and equity fund managers that deliver social and environmental value in addition to financial returns. Public Radio Fund’s manager Erin Moran, recipient of a 2011 CFO of the Year award from the Denver Business Journal, commented, “We are pleased that the Public Radio Fund’s name is getting out there to investors. With the recent cancellation of all government funding to the Public Telecommunications Facilities Program, public media organizations will lose more than $20 million in annual grants. These grants have been key to the infrastructure of the public media system. Now, more than ever, investments and grants to the Public Radio Fund will provide essential financial assistance to public media organizations across the country.”

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CFO of the Year Awarded to PRC’s CFO/COO

Posted on June 6, 2011 by admin

In May 2011 Erin Moran, CFO/COO of Public Radio Capital and the Public Radio Fund manager, received the CFO of the Year award for Small Companies from the Denver Business Journal. “I have been fortunate to work with Erin for more than nine years on a variety of financing projects and her leadership, insights and creativity have been invaluable to Public Radio Capital,” said Fred Marienthal, partner at Kutak Rock LLP. Read Press Release

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KOCE-TV becomes PBS SoCal – Southern California’s primary PBS station

Posted on April 20, 2011 by admin

PBS SoCal (formerly KOCE-TV) is PBS’s flagship station in Los Angeles, Calif. A $500,000 revolving line of credit loan from the Public Radio Fund provides working capital to assist PBS SoCal as it expands its services. Currently, PBS SoCal is building a new studio in its building to expand programming capabilities. In February 2011, they added the WORLD Channel to their multiple viewing platforms, which features the best of public television’s nonfiction, documentary and public affairs programming, such as Nova, Frontline, Independent Lens and PBS NewsHour.

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Northern Kentucky University Triple A station, 4th largest in the nation

Posted on January 20, 2011 by admin

Public Radio Capital brokered Northern Kentucky University’s acquisition of 105.9 WPFB AM/FM and 104.1 WPAY FM as part of a network of stations that will broadcast the 89.7 WNKU public radio signal to more than 3.3 million people.

This acquisition will expand the station’s signal into 16 Kentucky counties not currently served by the station. The two new stations will expand WNKU’s coverage by an additional 2.2 million people. “What has made us great for 25 years is our community participation,” WNKU General Manager Chuck Miller said, “and this acquisition will create opportunities for us to enhance and expand our community engagement on a whole new level.”

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PRC launches a new nonprofit, Public Media Company

Posted on January 14, 2011 by admin

Public Radio Capital (PRC) is pleased to announce the launch of Public Media Company (PMC) and its first project in Pittsburgh. PMC is a new nonprofit organization that will build networks of national resources to strengthen independent local media.

On January 14, 2011, Duquesne University announced its decision to sell WDUQ, 90.5 FM, to Essential Public Media, a joint venture of PMC and local station, WYEP. Together PMC and WYEP will preserve WDUQ as an important community asset in Pittsburgh and strengthen its news and cultural services.

The Public Media Company is a natural outgrowth of the work that PRC has been doing for the past 10 years to help local stations acquire new outlets and strengthen services. www.publicmediacompany.org

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New Service in Houston

Posted on December 20, 2010 by admin

Public Radio Capital represented KUHF Houston Public Radio, through its licensee, the University of Houston, to acquire the radio station frequency, 91.7 FM, in Houston. The purchase will double KUHF’s public service broadcasting for the region with distinct formats on two channels rather than one.

KUHF’s public radio service is currently a dual news/classical music service. Through the addition of 91.7 FM, Houston Public Radio will dedicate KUHF to a 24-hour-a-day news and information service. KTRU 91.7 will provide listeners in the Houston region and beyond with a dedicated classical music station.

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