Newsroom : Public Radio Capital

Welcome to PRC's newsroom. We invite you to browse through our chronological listing of articles and press releases, and read about PRC's clients and projects. Our site's search engine, above in the orange header bar, may be helpful for locating specific articles or topics.

01 Jul 2008 Colorado Public Radio	Colorado Public Radio Goes All-FM in Denver July 9 Beginning July 9, both of Colorado Public Radio's services will move to new FM dial locations in Denver. KCFR in-depth news and information will be heard on ...
18 Jun 2008 Current	Contract signed to preserve Salt Lake pubradio news station Wasatch Public Media, a new nonprofit established just 10 weeks ago to buy KCPW-FM in Salt Lake City and keep it a pubradio news station, now has the signed contract. The nail-biting part of the deal occurred May 27, when Wasatch submitted a $2.4 million financial package for the purchase, and the next day ...
12 Jun 2008 press release	Wasatch Public Media Successful in its Bid for KCPW-FM through Assistance from Public Radio Capital and its Public Radio Fund KCPW-FM to remain a public station serving the Salt Lake City region with its news format
30 May 2008 The Salt Lake Tribune	KCPW owners are good with bid KCPW-FM's owners have accepted evidence showing Wasatch Public Media has $2.4 million to purchase the public radio station when the deal closes later this year. The Community Wireless of Park City board is satisfied ...
07 Apr 2008 Current	Choosing to grow still isn’t easy in community radio At least in theory, the tradeoffs aren’t pretty. If you stick with traditional community-radio thinking, you might please an array of under-served interests, though you risk losing CPB aid in the five or six figures. And if you keep the money, you can expand your professional staff and tune up the schedule, possibly satisfing a single...
20 Feb 2008 press release	Public Radio Capital Helps Santa Fe Public Radio Extend Its Reach Public Radio Capital today announced that it represented Santa Fe Public Radio in a frequency swap to extend its reach to more than 50,000 additional people in the region and ...
17 Jan 2008 Juneau Empire	KTOO celebrates triumphant trifecta It was a bit of a risk when KTOO bought two local stations and changed up its programming a little over a year ago, but the K3 experiment has been a success, according to KTOO manager Cheryl Levitt. "Radio listenership to public radio in the capital city increased ...
16 Jan 2008 The Denver Post	New FM station for Colorado Public Radio Colorado Public Radio has found a home for news and information on the FM band. CPR will purchase Christian-formatted 88.1 FM in Denver and this spring move KVOD, its classical-music station, there. Under an agreement announced today, CPR intends ...
16 Jan 2008 press release	Colorado Public Radio to Acquire 88.1 FM in Denver Colorado Public Radio (CPR) has announced plans to purchase 88.1 FM in Denver from EMF Broadcasting of Rocklin, CA. Upon Federal Communications Commission approval of the ownership transfer, CPR will provide ...
10 Jan 2008 press release	Public Radio Capital Announces Teresa Bryce as New Board Member Public Radio Capital (PRC), the public radio industry's leading advisor in planning, acquiring and financing new public radio channels, announces the appointment of Teresa Bryce to its Board of Directors. Bryce is Executive Vice President and General Council of the Radian Group, a global..
05 Nov 2007 Current	'Last chance' for FM frequencies: the apps are in After racing to complete applications for new full-power noncommercial FM stations last month, hundreds of public broadcasters and allied...
18 Oct 2007 press release	PRC Launches New Public Radio Fund Public Radio Capital (PRC) announced today the launch of its new Public Radio Fund (the "Loan Fund") to benefit public broadcasting organizations in need of short-term capital. The purpose of the Loan Fund is to allow...
02 Oct 2007 Stanford Social Innovation Review	Money for a Song: The Public Radio Fund gives investors a chance to save non-profit airwaves Last summer, Bill Legere, president and general manager of KTOO-FM in Juneau, Alaska, learned a valuable lesson when his small public radio station tried to buy two commercial stations. The purchase price…
26 Sep 2007 press release	Classical Music Returns to Miami Radio Public Radio Capital (PRC) and American Public Media Group (APMG) announced plans for a new classical music service in Miami. APMG has purchased WMCU 89.7 FM, a 24-hour, 100,000 watt radio station that broadcasts throughout Miami-Dade and Broward counties in Florida.
05 Sep 2007 press release	Thousands Support Local Radio Public urges FCC to ensure local groups benefit from rare chance to get on the radio dial
27 Aug 2007 press release	CPB Radio Station Renewal Project: Phase II Stations Announced CPB Radio has selected five stations to participate in Phase II of the Station Renewal Project, which began in March 2006. The five stations will receive funding to implement changes that were outlined in Phase I of the project. The project is designed...
17 Jul 2007 press release	Public Radio Capital Appoints Anne Benedict Hovland Public Radio Capital (PRC), the public radio industry's leading advisor in planning, acquiring and financing new public radio channels, has appointed Anne Benedict Hovland as Director of Development.
25 Jun 2007 Current	Native stations aim to double their number An outreach campaign by Native Public Media is spreading the word among tribal groups about a rare opportunity for tribes and other communities to claim a share of FM spectrum.
18 Jun 2007 WXPN press release	WXPN Expands Service Area to Include Central Pennsylvania WXPN, the nationally-recognized leader in Triple A music and a noncommercial radio service of the University of Pennsylvania, today announced that it has reached an agreement to acquire a Central Pennsylvania broadcasting license.
12 Jun 2007 Annual Report	PRC's 2006 Annual Report In our first annual report, we invite you to read about our most recent initiatives to protect, innovate, finance and expand public radio.
02 May 2007 press release	MVYRADIO Press Release In an unprecedented move, mvyradio (www.mvyradio.com) -- one of Internet radio’s pioneers – is adopting the business model of public radio stations across the U.S. by shifting from an advertiser-supported to a listener- and corporate underwriting-supported station.
01 May 2007 article	WBNI Launches Classical 94.1 FM! Beethoven, Bach and the full spectrum of classical composers can now be heard by more than 450,000 northeast Indiana residents as public radio station WBNI begins broadcasting today on 94.1 FM.
09 Apr 2007 press release	FCC Announces Dates for NCE Filing Window The FCC just announced that between October 12 and 19, 2007 there will be an application filing window for new FM station and major modification requests. This is a very unusual filing window
03 Jan 2007 press release	FCC expected to open a filing window in 2007 The FCC is expected to open a filing window for full-service noncommercial (NCE) stations in 2007
21 Nov 2006 press release	Clear Channel to sell 448 stations in 90 markets On November 16, 2006 Clear Channel announced that they will be selling 448 radio stations in some 90 markets.
14 Nov 2006 press release	Auction of FM broadcast construction permits scheduled for March 7, 2007 The FCC has scheduled Auction 70 for FM construction permits for March 7, 2007
10 Aug 2006 Baltimore Sun	Md. charity, 2 others create a fund to aid public radio The Maryland-based Calvert Foundation and two other organizations unveiled yesterday an investment program to provide help for public radio stations, some of which are financially strapped, as well as money to acquire new ones.
10 Aug 2006 The Denver Post	Public-radio financing effort sets goal of $15 million fund Public Radio Capital, based in Englewood, has teamed with the Calvert Foundation and the Ford Foundation to raise $15 million to expand financing for public-radio stations nationwide.
10 Aug 2006 SocialFunds.com	Calvert and Ford Foundations Help Launch Public Radio Fund to Democratize the Airwaves The foundations jointly seeded $4.5 million in the revolving loan fund administered by Denver-based Public Radio Capital to provide low-interest loans to public radio projects nationally.
09 Aug 2006 Washington Post	3 Groups Create Fund for Public Radio The following Associated Press story that appeared in The Washington Post announcing the launch of the Public Radio Fund by the Ford Foundation, the Calvert Social Investment Foundation, and Public Radio Capital was carried by many news outlets, including Los Angeles Times, Seattle-Post Intelligencer, The Miami Herald, Houston Chronicle, New York Newsday, Forbes, and others.
09 Aug 2006 press release	Investing in public radio possible for first time with $15 million fund to offset impact of overconcentration in radio ownership In a first for noncommercial radio in the United States, three leading groups -- the Calvert Foundation, the Ford Foundation and Public Radio Capital -- announced the creation of the "Public Radio Fund" (PRF), which gives individual and institutional investors an entirely new opportunity: a vehicle for investing directly in public radio stations to promote independent, plural and local public media ownership across the U.S.
09 Aug 2006 press conference	Press conference announcing PRC's Public Radio Fund The Ford Foundation, Calvert Foundation and Public Radio Capital announce the inauguration of PRC's Public Radio Fund.
07 Jun 2006 Juneau Empire	KTOO aims to triple airtime with new stations Juneau, Alaska's KTOO purchased two additional stations as a result of its participation in PRC's "More Channels, More Service," a project designed to help public stations find new channels for public radio programming. PRC helped KTOO conduct a comprehensive financial analysis and business plan for its expansion, and identified two available channels for purchase. Read more about KTOO's add-ons in this Juneau Empire article of June 7.
06 Jun 2006 press release	KTOO to Launch Two New Public Radio Channels KTOO, a leader in Alaska public broadcasting and the owner/operator of public radio station KTOO-FM in Juneau, will launch two new public radio channels this fall.
30 May 2006 Current	Radio tries contrasting flavors as it brings more news to town With PRC's help, both Chicago Public Radio and Puget Sound Public Radio are offering additional news services. PRC identified WAJW in Chesterton, IL, as an appropriate expansion target, and guided CPR in its acquisition; and also concluded an agreement with Seattle KUOW to operate Tacoma's KXOT as a news and information station. The strategy of adding news format to increase audience share is the subject of the Mike Janssen's article in the May 30 edition of Current.
25 May 2006 Seattle P-I	On Radio: KUOW adds a station in Tacoma Can you cram 48 hours of programming into 24 hours of airtime? KUOW-FM (94.9) will give it a try by taking over operation of another FM station in the region.
31 Jan 2006 Cinncinnati Post	New WVXU Has Big Audience Gain PRC represented Cincinnati Public Radio in its financing and purchase of Xavier University's WVXU, securing Cincinnati's only news and information public radio service. Within six months of the acquisition, WVXU's listenership increased 35%. To learn more about WVXU's success, see the following article that appeared in The Cincinnati Post on Jan. 31, 2006
14 Oct 2005 The Olympian	KUOW buys Tumwater station In an effort to improve its broadcast signal for Thurston County listeners, the nonprofit arm of Seattle's KUOW-FM has acquired a Tumwater radio station that previously carried a Christian format.
13 Oct 2005 Seattle P-I	Olympia listeners should get KUOW loud and clear now, but on AM To extend its listenership, Seattle-based public station KUOW-FM (94.9) has tried such new-fangled innovations as multichannel digital radio, Web streaming and podcasts. Now it's trying something distinctly old-fashioned: AM radio.
12 Oct 2005 article	KUOW 94.9 FM -- NPR News and Information - Now on 1340AM Region's Public Radio Station expands service to Olympia and Surrounding Communities in Thurston County (Seattle, WA -- October 12, 2005) KUOW Puget Sound Public Radio (PSPR) is purchasing KVSN 1340AM in Tumwater, WA from Evergreen Broadcasting Inc. for $500,000.
20 Jul 2005 press release	Auction #62 - 172 construction permits for FM channels Auction #62 on November 1, 2005 is an opportunity for public broadcasting organizations to acquire additional FM channels.
11 Mar 2005 press release	Cincinnati Public Radio Institutions Coming Together Sale of WVXU to WGUC will strengthen Xavier's educational commitment and preserve Cincinnati's public broadcast heritage.
25 Feb 2005 press release	PRC Names Participants In "More Channels, More Service" Round Two (Denver) Public Radio Capital (PRC) today announced the selection of participants in the second round of its "More Channels, More Service" program to assist these organizations in planning for expanding public service by acquiring additional radio stations.
03 Jan 2005 press release	Dennis Hamilton, Erik Langner Join Public Radio Capital Denver, CO -- Public Radio Capital (PRC), which broadens the reach of public radio nationwide through partnerships with public broadcasters and educational institutions, today named Dennis Hamilton as Senior Consultant and Erik Langner as Project Director for the organization.
24 Nov 2004 article	WGBH Radio to blanket Cape with Brewster signal buy WGBH Radio plans to expand its public radio programming across Cape Cod through its $3.9 million purchase of a Brewster-based FM-radio frequency.
20 Nov 2004 Union Tribune	KPBS brings public radio to the Imperial Valley San Diego's public radio station, KPBS/FM 89.5, is buying KQVO/FM 97.7 in Calexico for $1.1 million and expects to start broadcasting on the frequency at noon Monday.
20 Nov 2004 Imperial Valley Press	KPBS hits airwaves Monday CALEXICO - Listeners to Calexico's KQVO Mix 97.7 FM will be greeted with a new format on their radio come Monday.
16 Nov 2004 press release	MPS radio station to switch operators, format The prolonged process of converting Milwaukee Public Schools' WYMS-FM (88.9) from a taxpayer-supported jazz listener's delight to an alternative music source independent of school district funding took a major step forward Tuesday night.
21 Sep 2004 article	PRC offers assistance with Auction #37 Public Radio Capital (PRC) and Station Resource Group (SRG) are offering our expertise and services for a minimal fee to assist public broadcasters to participate in Auction #37 (for vacant FM allotments) as set forth in the attached documents.
10 Sep 2004 press release	Boulder-Based Community Radio Station KGNU to Buy Denver AM Signal 1390 (Denver) Public Radio Capital (PRC) represented Boulder, Colorado community radio station KGNU in its purchase of Denver station KJME (1390 AM), allowing the volunteer-driven broadcast institution to bring its independent news and diverse music to the state's largest metropolitan area.
10 Sep 2004 press release	PRC and KOSU: More programming for Tulsa and OKC Public Radio Capital and nationally recognized award winning KOSU 91.7 FM "Oklahoma's Public Radio" announced a change in the ownership and programming of Ketchum, Oklahoma commercial station KGND 107.5 FM.
04 Aug 2004 press release	Public Radio Capital Salutes Colorado Public Radio's Affirmed Investment Grade Status (Denver) Public Radio Capital congratulates Colorado Public Radio for its affirmed investment grade status from Moody's Investors Service and Standard and Poor's.
27 Jul 2004 press release	Public Radio Capital Receives $200,000 from the Ford Foundation (Denver) Public Radio Capital has received a grant of $200,000 from the Ford Foundation to help increase the choices for public radio programming in the United States by protecting and expanding scarce broadcast assets used to deliver this service. The grant was awarded by the Media, Arts and Culture Unit of the Ford Foundation.
26 Jul 2004 Current	A most deliberate rush for frequencies Public Radio Capital got another vote of confidence from the philanthropic community this month -- a $200,000 grant from the Ford Foundation. The Denver-based nonprofit backed by several foundations and CPB since its founding three years ago, is working on expansion financing for dozens of pubradio stations and has helped 10 line up the means to buy new frequencies or preserve their present operations. In this commentary, PRC's managing directors summarize what they've learned at the intersection of pubradio and the world of finance.
01 Apr 2004 press release	Miller Joins PRC as Director of Acquisitions (Denver) Public Radio Capital (PRC) today named Robin Miller Director of Acquisitions. Her primary responsibility will be to work with Managing Director Marc Hand in managing transactions for PRC's clients.
28 Mar 2004 press release	Public Radio Capital Works to Acquire Frequencies for Stations in New York and California Denver, Colorado -- Public Radio Capital, a national organization partnering with public broadcasters to broaden the reach and service of public radio, recently helped acquire new stations for public broadcasters in California and New York.
01 Mar 2004 press release	New Public Radio Station to Serve Tacoma and Olympia with KEXP Programming Tacoma, WA -- Bates Technical College, Public Radio Capital and KEXP 90.3 FM Public Radio today announced a change in the ownership and programming of KBTC 91.7 FM in Tacoma. Bates Technical College is selling KBTC-FM to Public Radio Capital (PRC), which works to broaden the reach of public radio nationwide through partnerships with educational institutions and public broadcasters.
16 Jun 2003 press release	Public Radio Capital Helps Foundation Purchase KBPS to Preserve Classical Music Radio in Portland Denver, Colorado -- Portland Public Schools today approved the sale of KBPS-FM, 89.9 on the FM dial in Portland, Oregon, to the KBPS Public Radio Foundation for approximately $5.5 million. The sale will ensure the permanence of a full-time classical music station in the Portland area.
05 Feb 2003 press release	KQED Public Broadcasting to Purchase Sacramento Radio Station 89.3 FM San Francisco, California -- KQED Public Broadcasting has entered into an agreement to purchase 89.3 FM, serving the Sacramento, California area. The announcement was issued today by KQED president and CEO Jeff Clarke, and KQED board of directors chair James E. Canales, Jr.
01 Jan 2003 press release	How Public Radio Tuned in to Great Ratings The directors of a Colorado nonprofit that set out to help public radio stations raise money have a hit on their hands. No wonder they look forward to their board meetings.