Investing in Public Radio Possible for First Time With $15 Million Fund to Offset Impact of Overconcentration in Radio Ownership

 Institutional and Individual Investors Focus of Major New Push from Public
           Radio Capital, Calvert Foundation and Ford Foundation

    WASHINGTON, DENVER and NEW YORK, Aug. 9 /PRNewswire/ — In a first for noncommercial radio in the United States, three leading groups — the Calvert Foundation, the Ford Foundation and Public Radio Capital –
announced the creation of the “Public Radio Fund” (PRF), which gives individual and institutional investors an entirely new opportunity: a vehicle for investing directly in public radio stations to promote independent, plural and local public media ownership across the U.S.

Read entire release here:

http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/08-09-2006/0004413337&EDATE=