The Corporation for Public Broadcasting (CPB) announced its board voted to dissolve itself after 58 years as an organization after Congress voted last year to pull federal funding allocated to NPR and PBS.
"For more than half a century, CPB existed to ensure that all Americans-regardless of geography, income, or background-had access to trusted news, educational programming, and local storytelling," CPB president and CEO Patricia Harrison said in a statement. "When the Administration and Congress rescinded federal funding, our Board faced a profound responsibility: CPB's final act would be to protect the integrity of the public media system and the democratic values by dissolving, rather than allowing the organization to remain defunded and vulnerable to additional attacks."
"What has happened to public media is devastating," CPB's Board of Directors chair Ruby Calvert said. "After nearly six decades of innovative, educational public television and radio service, Congress eliminated all funding for CPB, leaving the Board with no way to continue the organization or support the public media system that depends on it. Yet, even in this moment, I am convinced that public media will survive, and that a new Congress will address public media's role in our country because it is critical to our children's education, our history, culture and democracy to do so." 
In August, the CPB announced it would shut down operations as a result of the defunding. 
This is a developing story.

https://www.foxnews.com/media/corporation-public-broadcasting-board-votes-dissolve-organization-after-congress-defunds-npr-pbs