underwriter

While Los Angeles outlets have a larger population to draw on for financial support from listeners and local underwriters, the loss of federal dollars would be significant.

Federal Communications Commission Chairman Brendan Carr, a Trump appointee, has ordered an investigation into PBS and NPR regarding whether member stations violated government rules by identifying their programming underwriters on the air.

Instead of merely running a company logo before its programming, PBS let corporate underwriters place messages that looked more like standard commercials.

It has the potential to raise more capital if underwriters exercise a 30-day option to sell an additional 1.32 million shares.

But it was also unpopular among the bloc’s richest nations that are the underwriters of such debt, and net contributors to the bloc’s spending.