Posted on 02/22/2023 12:02:45 PM PST by ChicagoConservative27
National Public Radio is cutting around 10 percent of its workforce amid falling ad revenue and economic uncertainty, its CEO John Lansing announced Wednesday.
The nonprofit media organization’s financial outlook “has darkened considerably” in recent weeks, Lansing wrote in a memo to staff, shared with The Hill, as it faces a “sharp decline” in revenues from corporate sponsors in a weakened ad industry.
“We had created a plan to address a $20M sponsorship revenue falloff for FY23 but we are now projecting at least a $30M shortfall. The cuts we have already made to our budget will not be enough,” Lansing said in the memo.
“Unlike the financial challenges we faced during the worst of the pandemic, we project increasing costs and no sign of a quick revenue rebound. We must make adjustments to what we control, and that is our spending. We have reached a point where we can no longer protect all jobs,” he added.
(Excerpt) Read more at thehill.com ...
With all the news outlets there is no way that NPR should still be around - Republicans need to defund this liberal platform entirely.
What is the Homo Lobby going to do now since loosing 10% of followers?
Wish they could add another zero onto that.
Only 10% ... they could cut 50% and still excel in leftist propaganda.
Another entity that should be eliminated. Along with Dept. of Ed., the FBI, HHS, and several others.
NPR can cut the other 90%.
Every single story on that stupid station is 100% planned, rehearsed, and scripted with the democrat party. Every single one of them.
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