Arizona Public Media General Manager Jack Gibson dropped a bombshell on employees of the organization in an all-staff meeting Thursday. The UA has plans to dramatically cut funding to AZPM by fiscal year 2019 and will slash their contributions significantly year-to-year until that date. According to an internal memo sent by Gibson, AZPM “received an appropriation of approximately $2.6M” for the fiscal year 2014, and the “cumulative reduction” in the level of funding set to total two million dollars by 2019.
It's no secret media, like a lot of industries, has endured its share of major changes due to transitions in the technological landscape. Many folks who run large media conglomerates are getting paid handsomely to devise strategies that best implement ways to maximize a shrinking bottom line.