I can believe it. It is probably the same 501(c)(3) stick that borders on a scam at times, aka College ( and even prep school ) Endowments that are from large donations from alumni's. How many Billion is Harvard's? And what do they do with all those funds? Build towers of babble in their own image most of the times, the expansions and buildings are grotesque, they are building fiefdoms most of the time, not educating minds. If they are in the black with all their fund raisers? Good, learn how to run the business lean and mean and structure your nest egg to drive off 1/4 dividends and only use those for basic expenses.
PBS and NPR will do just fine without government funding. They could trim their salaries 20% and still be overpaying some of their executives and managers.
I have a friend in real estate who gets a lot of relocation NPR and PBS employees. Their salaries are much much higher than local television and radio people. Especially the minorities.
Plus PBS competes with small private companies offering services such as video production and editing. They can undercut the private companies because they pay little to no tax. In some areas they have practically pushed most of the small companies out of business.
Let’s not forget - they’ll do a Jessie Jackson shakedown on corporations.