Less than two months after President Donald Trump and congressional Republicans finally delivered on a promise to defund liberal public media outlets, several philanthropies today announced plans to step in with a bailout fund.

The effort, led by the Knight Foundation, Pivotal Ventures, the MacArthur Foundation, Ford Foundation, the Schmidt Family Foundation, and the Robert Wood Johnson Foundation, aims to raise $50 million this year.

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The six philanthropies are planning to offer $37 million and have called on others to pony up the rest to help small TV and radio outlets t

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