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  • NPR braces for steep cuts amid economic lockdown

    04/17/2020 2:13:45 PM PDT · by Drango · 75 replies
    MarketWatch ^ | April 16, 2020 | Benjamin Mullin
    National Public Radio is planning significant cost cuts as the coronavirus pandemic hits sponsorship and donation revenue, the public broadcaster's chief executive, John Lansing, said in a memo to staff. NPR is facing a budget deficit of between $30 million and $45 million through its 2021 fiscal year, Mr. Lansing said in the Wednesday memo. Sponsorship money is drying up amid "a very tough marketplace," he wrote, and donations could also take a hit as foundations and individuals "will be thinking hard about gifts as they watch the swings in the values of their own portfolios." NPR will need to...