Since 1968, CPB has been the steward of the federal government’s investment in public broadcasting and the largest single source of funding for public radio, television, and related online and mobile services. For approximately $1.35 per American per year, CPB provides essential operational support for the nearly 1,500 locally-owned and -operated public television and radio stations, which reach virtually every household in the country.
CPB distributes its appropriation in accordance with a statutory formula outlined in the Public Broadcasting Act. Ninety-five percent of CPB's appropriation goes directly to content development, community services, and other local station and system needs.
The Operating Budget follows statutory obligations, past board decisions, and precedents set forth by prior contractual commitments
The Corporation for Public Broadcasting’s (CPB) annual business planning cycle has three stages: a review of the Corporation’s Goals and Objectives, approval of the operating budget, and endorsement of the Business Plan.