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352 pages, Hardcover
First published April 13, 2021
… so new and precarious, the pay so low, and the new program so untested that convention and chauvinism didn’t, couldn’t prevail.I vaguely remember the financial crisis experienced by NPR in 1983, but I was surprised by how serious it was. As described in this book, except for some exhaustive negotiations it would have gone bankrupt. The one thing it had of sufficient value that made the bankers willing to negotiate the necessary loans was its ownership of its satellite service. Restructuring of government funding, modification to its relationship with member broadcast stations, and conversion of the satellite service into a cooperative venture enabled NPR to work its way out of debt.