Corporation For Public Broadcasting To Shut Down After Losing Federal Funds

The Corporation for Public Broadcasting (CPB) announced Friday that it will wind down its operation after losing federal funding.

CPB is a nonprofit, non-governmental organization in the United States that funds and supports public broadcasting, including PBS and NPR member stations.

Why It Matters

CPB's shut-down comes after the organization lost more than $1 billion in federal funding, which Congress revoked after Donald Trump's administration requested it.

Established by Congress in 1967, the nonprofit organization has served as the principal distributor of federal funds to PBS, NPR and hundreds of local media organizations.