D.C. to Issue Revenue Bonds For NPR

The Bond Buyer reports:

The District of Columbia tomorrow will issue $160 million of revenue bonds for the country’s largest non-commercial radio broadcaster, National Public Radio Inc., which has bolstered its listener base over the last 10 years, showing a steady increase in audience in contrast to other mainstream media companies.

The transaction will be NPR’s first issuance of rated debt and will help finance its new headquarters here.

Another way to increase government spending for state run radio.