GBH is laying off 10 employees from global news and documentary channel WORLD due to federal funding cuts
Advertisement
The layoffs come roughly a year after GBH
Goldberg said Friday that the layoffs and programming changes will take effect June 30, when the funding expires and PBS member station licenses for the channel end. She added that CPB paid for about half of the channel's costs and that this new approach is 'more financially sustainable in the current environment.'
Advertisement
'We're grateful to all of our WORLD employees, for all of their hard work,' she said.
Zoe Mathews, the steward for the union that represents GBH reporters and producers as well as some WORLD staffers, noted in a statement that the WORLD staff included award-winning documentarians who 'humanize complex issues through the work they do, often facilitating first-time filmmakers and storytellers from historically underrepresented communities.'
'To eliminate these journalists in this moment, in the way GBH has moved to do, is a betrayal of the very mission of GBH,' Mathews said.
The cuts come against the backdrop of efforts from the Trump administration to end funding for public media.
President Trump signed an executive order last week
In a statement last week, CPB chief executive Patricia Harrison said that CPB is not subject to the president's authority.
'In creating CPB, Congress expressly forbade 'any department, agency, officer, or employee of the United States to exercise any direction, supervision, or control over educational television or radio broadcasting, or over [CPB] or any of its grantees or contractors.'' she said.
While federal funding represents about 8 percent of GBH's annual revenue, additional federal funding cuts could have an outsized impact on its business due to the interconnectedness of the NPR and PBS networks. GBH is one of the largest producers of PBS programming in the country, which includes programs such as Masterpiece and Antiques Roadshow and kids shows such as 'Work It Out Wombats!'
Advertisement
The White House has also cut grants to
Aidan Ryan can be reached at
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Miami Herald
39 minutes ago
- Miami Herald
Stock market whipsaws on latest tariff tirade, triggers TACO trade
Investors may not be fans of stock market volatility, but that doesn't bother President Trump. His back-and-forth trade and tariff war updates have sent stocks on a roller coaster ride since he announced tariffs on Canada, Mexico, and China in February. The stock market's nerve-racking swings include a 19% tumble from mid-February through early April, and a 20% rally since April 9, when Trump paused many reciprocal tariffs that rocked stocks after they were announced on April 2. Don't miss the move: Subscribe to TheStreet's free daily newsletter Investors have oscillated between pessimism that tariffs would send the U.S. into economic stagnation or recession, and optimism that negotiations would tame the worst of tariffs' bite. The seesaw pattern continued this week. Stocks tumbled on Friday, May 23, when Trump threatened 50% tariffs on the European Union, only to rally on Tuesday after Trump said he'd delay implementing them on the EU until July. The volatility continued on Friday, May 30. The S&P 500 lost over 1% at session lows after Trump made a bold accusation on China trade, only to recover most of the day's losses on hopes that cooler heads would again prevail over the weekend. Image source:The on-and-off again nature of Trump's trade war and the stock market's reaction to it has led to investors buying dips to profit from potential easing of rhetoric amid negotiations. Profitable dip buying has led to the coining of the "TACO" trade, where TACO stands for "Trump Always Chickens Out." The phrase is credited to Financial Times writer Robert Armstrong, who noticed the phenomenon. Related: Jamie Dimon sends terse message on stocks, economy The sell-off and rally from last Friday and Tuesday are perfect examples of the TACO trade in action. Trump made a huge, eye-popping threat, only to back away from it, claiming positive trade talk developments. Those who bought low on the S&P 500 last Friday and sold high on Tuesday pocketed a quick 2.7%. The returns were even better for those risk-tolerant enough to try their hands at technology stocks. Buying the dip in the Nasdaq 100 or high-flying artificial intelligence stock Palantir delivered 3.2% and 6%, respectively. Stocks' action on May 30 suggests many think that Trump's latest tough talk toward China may be similarly walked back, resulting in gains. The S&P 500 and Nasdaq finished May 30th up 1.3% and 1.5% from their intraday low. Palantir gained 6.1% from its low. President Trump kicked off a major trade war with China in April when he set reciprocal tariffs at 34%, bringing total tariffs to 54%, including the 'fentanyl' tariff. China responded in kind, and the tit-for-tat eventually left China's tariffs at 145% and China's US tariffs at 125%. Those rates were high enough to effectively shutter trade between the two economic giants, which caused ripples in supply chains, sending retailers heavily reliant on low-cost apparel and electronics scrambling. Related: Secretary Bessent sends message on Walmart price increases due to tariffs Absent relief, most began to assume a recession driven by tariff-driven inflation was inevitable. Those fears were mitigated when Trump surprised everyone, announcing he would roll back China tariffs to 30% on May 14 for 90 days in a sign of good faith after what appeared to be positive initial trade talks. Unfortunately, that optimism faded quickly after Trump delivered a stark rebuke of China on May 30. "Two weeks ago, China was in grave economic danger! The very high Tariffs I set made it virtually impossible for China to TRADE into the United States marketplace," wrote Trump on Truth Social. "I was what was happening and didn't like it, for them, not for us. I made a FAST DEAL with China... Everybody was happy!... The bad news is that China, perhaps not surprisingly to some, HAS TOTALLY VIOLATED ITS AGREEMENT WITH US. So much for being Mr. NICE GUY!" More Economic Analysis: Hedge-fund manager sees U.S. becoming GreeceA critical industry is slamming the economyReports may show whether the economy is toughing out the tariffs Trump's frustration with China is evident, and the implications for markets aren't great. China may be negotiating tough, like Trump, so it may take longer to seal a deal, or the final agreement may not include much more in tariff relief. If so, recession worry will escalate. Stock market participants, however, don't seem concerned, embracing the TACO trade fully on Friday. Will that bet pay off? We'll have to wait and see if Trump's rhetoric eases over the coming days. Related: Veteran fund manager unveils eye-popping S&P 500 forecast The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Yahoo
an hour ago
- Yahoo
Findi Full Year 2025 Earnings: Revenues Beat Expectations, EPS Lags
Revenue: AU$75.5m (up 14% from FY 2024). Net loss: AU$12.5m (down by 409% from AU$4.04m profit in FY 2024). AU$0.26 loss per share (down from AU$0.10 profit in FY 2024). Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue exceeded analyst estimates by 7.9%. Earnings per share (EPS) missed analyst estimates by 8.3%. Looking ahead, revenue is forecast to grow 56% p.a. on average during the next 2 years, compared to a 7.2% decline forecast for the Diversified Financial industry in Australia. Performance of the Australian Diversified Financial industry. The company's shares are up 9.8% from a week ago. Before we wrap up, we've discovered 1 warning sign for Findi that you should be aware of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
Trump To Pull Nomination Of Elon Musk Ally Isaacman
President Donald Trump will pull the nomination of Jared Isaacman, a close Elon Musk ally, as NASA administrator.
