Word: npr
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...turn, NPR agreed to place its independently owned satellites into a special trust as collateral, Hanreth said. CPB wanted the network to give over control of the satellites until they began to pay off the debt, but NPR refused, finally agreeing to place the satellites into a trust run by three people of the network's own choice, he added...
Usually, member stations stage their own fund drives, preventing NPR from asking any listeners for money. Christa said, adding that even during this emergency some local stations are not willing to interrupt their programs with place for money...
However, some broadcasters said that this short-term respite will not enable NPR to overcome its long-term financial problems which could eventually force the network to discontinue all its programming...
...NPR news correspondent William Drummond said it was "not bloody likely" that the CPB loan means the network can service its financial problems...
...cannot go into an organization, five one-third of the work force, drive up to the guardrail of bankruptcy, and pretend that nothing has happened," Drummond explained, adding that he worries that NPR's shows will he affected by "the primal scare that has been dealt the stall in the past two weeks...