Dozens of media companies have received coronavirus relief loans from the Paycheck Protection Program (PPP) in recent months, according to data released Monday by the Small Business Administration and the Treasury Department.
The loan program, established by Congress in late March to boost small businesses during the pandemic, has distributed about $ 521 billion in loans that are forgivable as long as they are used for payroll, mortgage interest, rentals, and utilities. .
Although the funding went mainly to companies with fewer than 500 employees, some large corporations like Shake Shack claimed some loans, prompting a public backlash that led several companies to repay their loans.
Some media outlets also returned funds, even though they met the program’s requirements. Axios repaid his $ 4.8 million loan, citing political polarization around the program and questions about whether the media should accept funds from the federal government. Other media companies that received loans have kept the funds to stay afloat as advertising revenues have been depleted during the pandemic.
In figures released Monday, the federal government listed the dollar range for each loan, rather than specific amounts.
Here is a list of the mainstream media that received at least $ 150,000 from the PPP.
Alaska Public Media Inc. in Anchorage, Alaska ($ 350,000 to $ 1 million)
The American Prospect in Washington ($ 150,000 to $ 350,000)
Anchorage Daily News LLC in Anchorage ($ 1 million to $ 2 million)
BDG Media Inc., which publishes Bustle, in New York ($ 5 million to $ 10 million)
Boone Newspapers Inc. in Tuscaloosa, Ala. ($ 2 million to $ 5 million)
Capital Community News Inc. in Washington ($ 150,000 to $ 350,000)
Cascade Public Media in Seattle ($ 1 million to $ 2 million)
Channel 5 Public Broadcasting Inc. in Reno, Nev. ($ 350,000 to $ 1 million)
Chicago Public Media Inc. in Chicago ($ 2 million to $ 5 million)
Christianity Today International in Carol Stream, Ill. ($ 350,000 to $ 1 million)
Connecticut Public Broadcasting in Hartford, Connecticut ($ 1 million to $ 2 million)
News service of the courthouse in Pasadena, California ($ 2 million to $ 5 million)
Cowles Publishing Company, which publishes The Spokesman-Review, in Spokane, Washington ($ 2 million to $ 5 million)
Crain Communications Inc., which publishes Autoweek and Modern Healthcare, in Detroit ($ 5 million to $ 10 million)
The Daily Caller News Foundation in Washington ($ 150,000 to $ 350,000)
The Daily Caller Inc. in Washington ($ 350,000 to $ 1 million)
FiscalNote Holdings Inc., which publishes CQ Roll Call, in Washington ($ 5 million to $ 10 million)
Florida West Coast Public Broadcasting Inc. in Tampa, Florida ($ 350,000 to $ 1 million)
Forbes Media LLC in Jersey City, NJ ($ 5 million to $ 10 million)
Fortune Media Group Ltd. in New York ($ 2 million to $ 5 million)
Foundation for National Progress, published by Mother Jones, in San Francisco ($ 1 million to $ 2 million)
Future Media Group Inc., which publishes W magazine, in New York ($ 1 million to $ 2 million)
Harper’s Magazine Foundation in New York ($ 350,000 to $ 1 million)
High Country News in Paonia, Colorado ($ 150,000 to $ 350,000)
Kos Media LLC, which publishes the Daily Kos, in Oakland, California ($ 1 million to $ 2 million)
KQED Inc. in San Francisco ($ 5 million to $ 10 million)
Maine Public Broadcasting Corporation in Lewiston, Maine ($ 1 million to $ 2 million)
MDE City Paper Holdings LLC, which publishes the Washington City Paper, in Washington ($ 150,000 to $ 350,000)
Media Matters for America in Washington ($ 1 million to $ 2 million)
Metropolitan Indianapolis Public Media Inc. in Indianapolis ($ 1 million to $ 2 million)
Michiana Public Broadcasting Corporation in South Bend, Ind. ($ 150,000 to $ 350,000)
New York Public Radio in New York ($ 5 million to $ 10 million)
News Media Corporation, which publishes more than 150 publications in nine states, in Rochelle, Ill. ($ 2 million to $ 5 million)
Newsday LLC, which publishes Newsday, in Melville, New York ($ 5 million to $ 10 million)
Newsmax Media Inc. in Boca Raton, Florida ($ 2 million to $ 5 million)
New England Inc. Newspapers in Concord, NH ($ 2 million to $ 5 million)
Newsweek Magazine LLC in New York ($ 350,000 to $ 1 million)
North Texas Public Broadcasting Inc. in Dallas ($ 1 million to $ 2 million)
Northwest Indiana Public Broadcasting Inc. in Merrillville, Ind. ($ 150,000 to $ 350,000)
Philadelphia Tribune Co. in Philadelphia ($ 350,000 to $ 1 million)
The Poynter Institute for Media Studies Inc. in St. Petersburg, Florida ($ 350,000 to $ 1 million)
Prairie Public Broadcasting Inc. in Fargo, ND ($ 350,000 to $ 1 million)
The CNY Inc. Public Broadcasting Council in Syracuse, NY ($ 350,000 to $ 1 million)
Colorado Inc. Public Broadcasting in Englewood, Colorado ($ 2 million to $ 5 million)
Northwest Pennsylvania Inc. Public Broadcasting in Erie, Pa. ($ 150,000 to $ 350,000)
Southern California Public Media Group in Burbank, California ($ 2 million to $ 5 million)
Rocky Mountain Public Media Inc. in Denver ($ 1 million to $ 2 million)
The Salt Lake Tribune Inc. in Salt Lake City ($ 350,000 to $ 1 million)
Seattle Times Company and subsidiaries in Seattle ($ 5 million to $ 10 million)
Weekly Media LLC, published by LA Weekly, in Irvine, California ($ 350,000 to $ 1 million)
Snopes Media Group Inc. in San Diego ($ 150,000 to $ 350,000)
Southern Newspapers Inc. in Houston ($ 2 million to $ 5 million)
St. Louis Regional Public Media Inc. in St. Louis ($ 1 million to $ 2 million)
Sun-Times Media Productions LLC, which publishes Chicago Sun-Times, in Chicago ($ 2 million to $ 5 million)
Texas Public Broadcasting System Inc. in Corpus Christi, Texas ($ 150,000 to $ 350,000)
Texas Tribune in Austin, Texas ($ 350,000 to $ 1 million)
Times Holding Company, which publishes the Tampa Bay Times, in St. Petersburg, Florida ($ 5 million to $ 10 million)
Union Leader Corp., which publishes the New Hampshire Union Leader, in Manchester, NH ($ 1 million to $ 2 million)
Virginia Foundation for Public Media in North Chesterfield, Va. ($ 1 million to $ 2 million)
The Washington Times LLC in Washington ($ 1 million to $ 2 million)
Wehco Media Inc., which publishes the Arkansas Democrat-Gazette, in Little Rock, Arkansas ($ 350,000 to $ 1 million)
WGTE Public Broadcast in Toledo, Ohio ($ 150,000 to $ 350,000)
WHYY Inc. in Philadelphia ($ 2 million to $ 5 million)
Wikimedia Foundation Inc. in San Francisco ($ 5 million to $ 10 million)
WNIN Tri-State Public Media Inc. in Evansville, Ind. ($ 150,000 to $ 350,000)
WXXI Public Broadcasting Council in Rochester, NY ($ 1 million to $ 2 million)
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