Founded in 1967 under the Public Broadcasting Act, CPB was created as a nonpartisan nonprofit to channel federal appropriations to public television and radio stations across the United States, including affiliates of PBS and NPR.

PBS Charlotte is losing $1.2 million following federal funding cuts and will "continue to operate in the near term," as it assesses the long-term impacts, a spokesperson told The Charlotte Observer. The Corporation for Public Broadcasting announced Friday it would be shutting down,

The company is among the first casualties of a vote to strip roughly $500 million in federal funding from NPR, PBS and local stations across the country.