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American Public Media Group

From Wikipedia, the free encyclopedia

American Public Media Group
American Public Media Group Logo.png
AbbreviationAPMG
TypeNon-profit
36-3503764
HeadquartersSt. Paul, Minnesota
Key people
Jon McTaggart (President and CEO)
Bradbury H. Anderson (Chairman)
SubsidiariesMinnesota Public Radio
American Public Media
Southern California Public Radio
Fitzgerald Theater
Websiteamericanpublicmediagroup.org
Formerly called
Minnesota Communications Group

American Public Media Group, formerly the Minnesota Communications Group, is the non-profit parent organization of Minnesota Public Radio, American Public Media, Southern California Public Radio, and the Fitzgerald Theater.[1] Jon McTaggart is APMG's President and CEO.[2]

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Transcription

Contents

History

Minnesota Communications Group

In the second quarter 1998, Minnesota Communications Group and Greenspring Company approved the sale of Greenspring's catalog sales business, Rivertown Trading, to Dayton Hudson for $120 million. $90 million of the sale price would go into MPR's endowment fund, which then totaled only $19 million. Greenspring President Bill Kling and two other top executives received $7.3 million of proceeds via a "value participation unit" plan. Rivertown Trading started with a Prairie Home Companion–inspired "Powder milk Biscuit" poster order form in 1981.[3]

American Public Media Group

American Public Media Group sold Greenspring Media Group, a for-profit publishing company, to Hour Media LLC in July 2013 as Greenspring was losing money.[citation needed] On August 27, 2014, APMG launched its podcasting network, Infinite Guest, with 12 shows, three existing APM programs, a MPR Classical program, two independent podcasts and six new ones.[4] It is now called APM Podcasts

APMG began a series of radio station acquisition in Florida that ended up being its Classical South Florida (CSF) station group costing $30 million which was mostly paid for using bonds. APMG purchased WKCP in 2007 from Trinity International Foundation for $20 million. From Barry University in 2011, APMG purchased WPBI-FM in West Palm Beach for $4 million. With in a year, Way Media sold WNPS-FM in Fort Myers to APMG for $4.3 million. The subsidiary was losing $1 million per year. Educational Media Foundation offered $21.7 million in May 2015 for the stations. A large number of CSF's board directors resigned at APMG's acceptance of the offer before consulting the CSF board and that other purchaser could have been found for the stations. The sale closed in July 2015 leaving APMG with $8 million in bond debt over the sale price.[5] The classical music on CSF was moved online to YourClassical.org the week of July 14, 2015, with CSF ceasing broadcasting. Educational Media Foundation's Christian programming began broadcasting while awaiting FCC approval.[6]

Subsidiaries

The American Public Media Group operates several sub-organizations, including:

Finances

American Public Media Group receives substantial financial support from the Lumina Foundation to provide coverage of education-related issues that are of interest to the Lumina Foundation and its frequent partner in education policy initiatives, the Gates Foundation.[7] Critics have suggested that this funding may lead to biased coverage and have noted the Lumina Foundation's connections to the private student loan company Sallie Mae.[8][9][10] Lumina-funding of the American Public Media Group is not always disclosed in education press coverage or in coverage of white papers, articles, or editorials by other Lumina or Gates Foundation grantees, such as the New America Foundation.[11]

In 2004, the combined revenue of APMG and MPR was US$84.9 million, making it the largest non-profit in Minnesota's arts and culture sector.

References

  1. ^ "American Public Media Group".
  2. ^ "Staff Officers". American Public Media Group.
  3. ^ "Archived copy". Archived from the original on 2016-08-18. Retrieved 2016-06-02.
  4. ^ Lapin, Andrew (August 27, 2014), New podcast network from APM includes six new shows, Current, retrieved 2016-06-02
  5. ^ a b c d Mook, Ben (July 8, 2015). "American Public Media Group aims to sell Fla. classical network to religious broadcaster". Current. American University School of Communication. Retrieved June 2, 2016.
  6. ^ Mook, Ben (July 14, 2015). "Classical goes off the air in South Florida this week as APMG announces sale". Current. American University School of Communication. Retrieved June 2, 2016.
  7. ^ http://www.luminafoundation.org/luminagrants/american_public_media_grant_9082/
  8. ^ Jennifer Ruark, "To Shape the National Conversation, Gates and Lumina Support Journalism," The Chronicle of Higher Education, July 14, 2013
  9. ^ Ben Grose, Strategic Philanthropy Comes to Higher Education, The Chronicle of Higher Education, July 14, 2013
  10. ^ Molly-Hensley Clancy & Katie J.M. Baker, How A Private Foundation With Student Loan Ties Became A Force In Higher Education, BuzzFeed, May 22, 2014
  11. ^ Jennifer Ruark, "In the Foundation 'Echo Chamber'", The Chronicle of Higher Education, July 14, 2013

External links

This page was last edited on 15 November 2018, at 06:09
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