Public Media Co’s bridge fund for nonprofit radio stations turns from rescue to reinvention
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By GLENN GAMBOA, AP Business Writer
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,
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,
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