Pacifica Announces Settlement with Empire State Building and Empire State Realty Trust

The Pacifica Foundation announced today the settlement on a series of agreements that releases WBAI, the organization’s New York radio station, from a court judgement as well as the last two years of its lease at the Empire State Building as of May 31st, 2018. The Foundation is also in the final stages of completing an agreement to relocate its transmission facility to a new

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Station Valuation

Public Media Company has worked with more than 300 public radio and television stations, involving more than 100 transactions between public broadcasters. This experience coupled with a comprehensive sales database provides the information necessary to assess the value of a public broadcasting license. Public radio and television licenses have both a market value and an intrinsic value, which includes all aspects of their public broadcasting

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FCC Announces the Issuance of Initial Allocation of TV Broadcaster Relocation Fund

DATE: October 16, 2017 The FCC announced the issuance today of an initial allocation of the TV Broadcaster Relocation Fund in the total amount of $1 billion to begin to reimburse eligible full power and Class A broadcasters and multichannel video programming distributors for their repacking costs. The initial allocation of funds will help stations cover upfront expenditures, equipment down payments, and other charges. As

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Securing Financing

Public Media Company is the nation’s leading advisor in helping public broadcasters identify and secure financing options for public media service and capital expansion. If your organization needs to borrow capital – whether to acquire a station, construct a new building, purchase equipment, or fund a line of credit, we can help. Before approaching financing sources, Public Media Company helps determine your capital needs, creates

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Selling a Station or Tower

In order to preserve local public media services, Public Media Company represents institutions interested in selling their public radio or television stations to another public broadcaster. We also assist public broadcasters interested in selling their towers, and if necessary, negotiating a sale-leaseback provision. If your organization is considering the sale of a tower, or if you are interested in selling your station while maintaining its

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A $1.7M Write-off and a New Chapter for Local Public Radio

KCPW has reached an agreement that significantly improves its long-term outlook. The deal restructures the 2008 loan used to purchase the station, and eliminates more than $1.7 million of long-term debt. Lauren Colucci, KCPW’s General Manager, says that the arrangement means a new day for the local news and information outlet and its listeners. “The debt burden that was taken on in 2008 saved KCPW;

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NHPR Finances 20,000 Square Foot Space with $6 Million Loan

With 39 fulltime employees and signals reaching 90% of the state’s population with news and information, the only thing small about New Hampshire Public Radio (NHPR) was their building. Cramped cubicles, mazes of extension cords and a makeshift recording studio were part and parcel of day-to-day operations at NHPR. This behind the scenes view was invisible to the 150,000 weekly listeners who rely on NHPR’s

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New Triple A Music Station in North Texas

PMC represented KERA, a North Texas public media organization, in acquiring and financing an FM channel to bring Dallas-Fort Worth audiences noncommercial Triple A music. PMC coordinated the loan for the $18 million purchase through a consortium of nonprofit focused lenders, including National Cooperative Bank, FJC and PMC’s Public Radio Fund. The loan was negotiated with low interest rates and flexible financing options. Two years

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Partnership for Funding Sustainable Public Media Growth – Revolving Public Media Fund

New York based nonprofit FJC: A Foundation of Philanthropic Funds established a $195,000 fund at PMC to spur growth and innovation in public broadcasting. Public media organizations can apply for grant funding that will underwrite a portion of PMC’s in-depth strategic planning consultancies aimed at growth strategies. The RPMF is intended to spur innovation in public broadcasting, and to aid public broadcasters in improving and

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