underwriter

The rest comes from an array of private funding sources, including corporate underwriters and, yes, viewers and listeners like us.

While Los Angeles outlets have a larger population to draw on for financial support from listeners and local underwriters, the loss of federal dollars would be significant.

Federal Communications Commission Chairman Brendan Carr, a Trump appointee, has ordered an investigation into PBS and NPR regarding whether member stations violated government rules by identifying their programming underwriters on the air.

Instead of merely running a company logo before its programming, PBS let corporate underwriters place messages that looked more like standard commercials.

It has the potential to raise more capital if underwriters exercise a 30-day option to sell an additional 1.32 million shares.