Public Radio Capital is announcing the release of its analysis of the noncommercial radio sales trends. PRC has prepared this analysis since 2005 for internal distribution and to share with appraisal clients; it will now be available to the greater public media community. Following are highlights from this year’s report: The number of noncommercial radio sales continues to grow; there were 116 licensed noncommercial sales
A review of radio transactions in the top 30 markets indicate that existing operators in eight markets expanded services by acquiring new stations. PRC provided brokerage and consulting services for six* of these eight station acquisitions. In Seattle, KING FM switched from a commercial to a noncommercial classical format as well. The chart takes a snapshot of public radio’s audience share across the top 30
January 2013 – Public Radio Capital announces the release of its Public Radio State of the Industry Report, covering trends in audience, revenues and federal support. This year’s report includes the most recent industry-wide data collected for fiscal year 2011. PRC has prepared this report annually since 2004 for distribution to bond rating agencies, and starting this year, it will now be available to the
Anne Hovland, PRC’s Development Director since 2007, will be transitioning to a consulting role with PRC. She will take assignments from time to time that apply her more than 30 years of experience in development and marketing to advance the mission of PRC, and on occasion, PRC’s clients. Co-Founder and Managing Director Marc Hand noted, “Anne’s commitment and contribution to public radio and our company
Public media organizations can apply for funds that will underwrite 2/3rds of in-depth PRC consultancies aimed at growth strategies Boulder, Colo.—(Nov. 12, 2012) Public Radio Capital (PRC) today announced that New York based nonprofit FJC: A Foundation of Philanthropic Funds has established a $100k fund at PRC to spur growth and innovation in public broadcasting. The Revolving Public Media Fund (RPMF) will initially subsidize PRC’s
Public Radio Fund has been selected for the ImpactAssets 50 2012, an open-source, publicly published database of experienced private debt and equity impact investment fund managers. The ImpactAssets 50 2012 is a resource for advisors and investors seeking to respond to the growing demand for investment opportunities that deliver both financial and social or environmental returns. For additional information on this resource, see http://www.impactassets.org/impactassets-50.
Public Radio Capital did extensive business modeling for St. Louis Public Radio and brokered its recent acquisition of Quincy University’s public radio station WQUB 90.3 FM in Quincy, Ill. This expansion preserves the station’s signature programming and renews support for civic events and local cultural programs, while also bringing additional programming, such as “Talk of the Nation” and “Marketplace,” to the people of Quincy. St.
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
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
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