Public Media Co’s bridge fund for nonprofit radio stations turns from rescue to reinvention

Public Media Co. celebrated its 25th anniversary Tuesday night with a $10 million donation from the John S. and James L. Knight Foundation to support its transformation into a major grantmaker — a role that would have been unthinkable two years ago.As recently as 2024, the nonprofit consultant that works to strengthen public radio stations reported $3.42 million in revenue, according to tax filings. Public Media CEO Tim Isgitt said he was proud of his “small, but mighty team” and the impact that they had on the sector.Then came the federal funding cuts.One day in June 2025, Isgitt told a roomful of funders that federal cuts to the Corporation for Public Broadcasting could create a “doom loop” with catastrophic effects on the entire public radio sector, requiring them all to act immediately.The next day, the House of Representatives voted to rescind all of CPB’s funding, about $1.1 billion that stations were already promised. Within weeks, the Senate followed suit.“It felt just like a w