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The U.S. Corporation for Public Broadcasting has announced it will shut down after its federal funding was cut. It deals a huge blow to local TV and radio stations across the country that rely heavily on money from the CPB.
Transcript
00:00The U.S. Corporation for Public Broadcasting has announced it will shut down after its federal funding was cut.
00:07The non-profit distributes funding to major news outlets in the U.S. like NPR and PBS,
00:13as well as local TV and radio stations across the country.
00:17Its closure is expected to hit those local affiliates the hardest, putting some at risk of shutting down.
00:22The news comes after the Republican-controlled Congress voted to slash more than $1 billion of the corporation's funding.
00:30Its part of efforts to target public media in the U.S. over claims it has a liberal bias.

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