WGBH, the top producer of PBS programs, now owns Public Radio International
In a move signalling its ambitions to extend its clout and influence in public radio, Boston’s WGBH has acquired Public Radio International, the Minnesota-based program distributor of radio programs such as This American Life, The World and The Takeaway.
Financial terms of the deal have not been disclosed, but the sale will help to stabilize the nonprofit program distributor PRI, which ran an operating deficit of $2 million in 2011, according to PRI spokesperson Julia Yager.
“This is a deal borne out of shared visions,” Yager said in an interview withCurrent. PRI began examining its options last year as its leadership considered the implications of various funding scenarios for public media.
