Public Media Co’s bridge fund for nonprofit radio stations turns from rescue to reinvention

Public Media Co. celebrated its 25th anniversary Tuesday night with a $10 million donation from the John S. and James L. Knight Foundation to support its transformation into a major grantmaker — a role that would have been unthinkable two years ago.

As recently as 2024, the nonprofit consultant that works to strengthen public radio stations reported $3.42 million in revenue, according to tax filings. Public Media CEO Tim Isgitt said he was proud of his “small, but mighty team” and the impact that they had on the sector.

Then came the federal funding cuts.

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