Funding boost from universities helps Iowa Public Radio after difficult year
Iowa’s Board of Regents voted to increase funding for Iowa Public Radio Thursday after hearing details of the pubcaster’s financial struggles in the wake of a CEO’s departure. The seven regents unanimously agreed to boost IPR’s fiscal year 2015 funding by $236,000. The decision restores support from the state universities to its FY2013 level of $944,800, almost a quarter of IPR’s total revenues that year. IPR, comprising six stations licensed to three public universities, has been adjusting to reduced subsidies from the schools, which have scaled back aid by 10 percent each year since 2011. IPR aims to be free of university funding in 2017.