News

CPB prepares for closeout while hoping Congress reverses course

Current · Austin Fuller · last updated

CPB is pursuing parallel strategies for both regaining funding and preparing to shut down after Congress voted to rescind its support for the next two fiscal years, CEO Patricia Harrison said Thursday.

The House approved early Friday a $9 billion rescission package that clawed back CPB’s forward-funded $535 million annual appropriations for fiscal years 2026 and 2027. The House’s vote came after the Senate approved the package July 17.

CPB is doing “everything possible” to secure funding for FY26, Harrison said at a CPB board meeting Thursday, but is also preparing for the possibility of closeout or transition funding should Congress not reverse course.

Related Knowledge Center: State of the business model

State of Play

The traditional journalism business model has long since collapsed, and news organizations have shrunk or disappeared entirely. While a number of promising experiments are under way, the public has not shown a willingness to buy what news organizations are selling.

Artificial intelligence


More informationabout State of the business model