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
In May 2011 Erin Moran, CFO/COO of Public Radio Capital and the Public Radio Fund manager, received the CFO of the Year award for Small Companies from the Denver Business Journal. “I have been fortunate to work with Erin for more than nine years on a variety of financing projects and her leadership, insights and creativity have been invaluable to Public Radio Capital,” said Fred
PBS SoCal (formerly KOCE-TV) is PBS’s flagship station in Los Angeles, Calif. A $500,000 revolving line of credit loan from the Public Radio Fund provides working capital to assist PBS SoCal as it expands its services. Currently, PBS SoCal is building a new studio in its building to expand programming capabilities. In February 2011, they added the WORLD Channel to their multiple viewing platforms, which
Public Radio Capital brokered Northern Kentucky University’s acquisition of 105.9 WPFB AM/FM and 104.1 WPAY FM as part of a network of stations that will broadcast the 89.7 WNKU public radio signal to more than 3.3 million people. This acquisition will expand the station’s signal into 16 Kentucky counties not currently served by the station. The two new stations will expand WNKU’s coverage by an
Public Radio Capital (PRC) is pleased to announce the launch of Public Media Company (PMC) and its first project in Pittsburgh. PMC is a new nonprofit organization that will build networks of national resources to strengthen independent local media. On January 14, 2011, Duquesne University announced its decision to sell WDUQ, 90.5 FM, to Essential Public Media, a joint venture of PMC and local station,
Public Radio Capital represented KUHF Houston Public Radio, through its licensee, the University of Houston, to acquire the radio station frequency, 91.7 FM, in Houston. The purchase will double KUHF’s public service broadcasting for the region with distinct formats on two channels rather than one. KUHF’s public radio service is currently a dual news/classical music service. Through the addition of 91.7 FM, Houston Public Radio
LA>FWD is the signature product of Los Angeles Public Media and Radio Bilingüe with major funding from the Corporation for Public Broadcasting. Launched on September 16, 2010, LA>FWD promises young multi-ethnic Angelinos public media that is authentic and focuses on their lives, their community and their diverse metropolis. PRC has been a lead consultant to the project since its inception, providing a variety of expertise
In a transaction brokered by PRC, Peconic Public Broadcasting, serving eastern Long Island and southern Connecticut, has finalized the acquisition of WLIU, 88.3 FM from Long Island University. The transaction preserves the NPR news, jazz and eclectic music outlet for the predominately rural area of 133,000 residents.
The Public Radio Fund, the only loan fund in the country dedicated to financing public media’s future, has made new loans totaling more than $1 million since July. Loan recipients include WFCR Foundation in Amherst, MA, KOCE Television in Los Angeles, CA, and Etown in Boulder, CO. Two other loans for as much as $1.1 million are expected to close before year-end.