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Pixabay/Fotocitizen

President Trump's new budget proposal offers no funding for the Corporation of Public Broadcasting, which supports roughly 15% of total public media funding, primarily for PBS and NPR affiliates. In a statement, CPB President and CEO Patricia Harrison warned that pulling the typical $445 million in annual funding for CPB "begins the collapse" of the public media system itself, which serves an estimated 170 million Americans per month, more than half of the U.S. population.

Why it matters: The budget cuts would have a huge affect on rural PBS and NPR affiliates, which rely on CPB for roughly 35% of overall funding, but member stations in big markets would likely be ok.

How it might not matter: PBS and NPR argue that removing CPB funding would affect Americans' ability to stay informed, but news programs for both entities are receiving an increased amount of private funding. Per Pew, of the 125 news-oriented NPR licensees surveyed around the country, individual giving and underwriting accounted for 63% of total revenue in 2015 individual giving, foundation funding and underwriting is on the rise for PBS and its flagship news program, Newshour.

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  1. Health: The good and bad news about antibody therapies — Fauci: Hotspots have materialized across "the entire country."
  2. World: Belgium imposes lockdown, citing "health emergency" due to influx of cases.
  3. Economy: Conference Board predicts economy won’t fully recover until late 2021.
  4. Education: Surge threatens to shut classrooms down again.
  5. Technology: The pandemic isn't slowing tech.
  6. Travel: CDC replaces COVID-19 cruise ban with less restrictive "conditional sailing order."
  7. Sports: High school football's pandemic struggles.
  8. 🎧Podcast: The vaccine race turns toward nationalism.
Dan Primack, author of Pro Rata
Updated 7 hours ago - Economy & Business

Dunkin' Brands agrees to $11B Inspire Brands sale

Photo: Alexi Rosenfeld/Getty Images

Dunkin' Brands, operator of both Dunkin' Donuts and Baskin-Robbins, agreed on Friday to be taken private for nearly $11.3 billion, including debt, by Inspire Brands, a restaurant platform sponsored by private equity firm Roark Capital.

Why it matters: Buying Dunkin’ will more than double Inspire’s footprint, making it one of the biggest restaurant deals in the past 10 years. This could ultimately set up an IPO for Inspire, which already owns Arby's, Jimmy John's and Buffalo Wild Wings.

Ina Fried, author of Login
9 hours ago - Technology

Federal judge halts Trump administration limit on TikTok

Illustration: Aïda Amer/Axios

A federal judge on Friday issued an injunction preventing the Trump administration from imposing limits on the distribution of TikTok, Bloomberg reports. The injunction request came as part of a suit brought by creators who make a living on the video service.

Why it matters: The administration has been seeking to force a sale of, or block, the Chinese-owned service. It also moved to ban the service from operating in the U.S. as of Nov. 12, a move which was put on hold by Friday's injunction.