What Happened to Station Revenue During the 2007-08 Financial Crisis

Examining the revenue performance of public radio organizations from 2008-2013 may offer us clues about how the COVID-19 pandemic will affect public radio revenue in the months and years ahead. In the fall of 2008, the U.S. government placed Fannie Mae and Freddie Mac into conservatorship, Lehman Brothers Holding filed for Chapter 11 bankruptcy protection, and President Bush signed into law the Emergency Economic Stabilization Act that created the $700 billion Troubled Asset Relief Program…