Financial Report: Fiscal year 2004

This prudent fiscal approach helped WGBH maintain its leadership position in public broadcasting and public media, as a producer of high-quality programs for TV, radio, the Web, and other media, and as a provider of access services for people with vision or hearing impairments. Our broadcast operations serving New England-area audiences were supported primarily by viewers and listeners, local business sponsors, and a federal Community Service Grant from the Corporation for Public Broadcasting (CPB). Program Venture funds augmented major individual contributions to provide bridge funding, enabling WGBH to move forward with the development of new productions for local and national audiences, and with the conversion to digital television and the launch of digital program services.

Our national productions for television and the Internet were funded primarily by restricted grants from corporations, foundations, government agencies, and PBS stations. Our media access technologies for people with disabilities were supported by grants from CPB and the US Department of Education, and by the sale of services.

Fiscal Outlook

WGBH enters FY05 on sound financial footing due to our timely response in FY04 to the continuing weak economy. We've increased reserves and will carefully monitor our financial activity as the year progresses. Generous membership support allows us to continue to provide important services to audiences across New England. Grants from foundations, corporations, government agencies, and public broadcasting entities enable us to produce programs and Web sites for the nation. Thanks to all our supporters for your generous contributions.