10 January 2008

Public Radio Capital Announces Teresa Bryce as New Board Member

January 10, 2008 (DENVER, Colo.) - Public Radio Capital (PRC), the public radio industry’s leading advisor in planning, acquiring and financing new public radio channels, announces the appointment of Teresa Bryce to its Board of Directors.

Bryce is Executive Vice President and General Counsel of the Radian Group, a global credit risk management company headquartered in Philadelphia, PA. Previous to joining Radian, she was General Counsel at Nexstar Financial Corporation and prior to that, General Counsel for the Bank of America's mortgage business in Charlotte, N.C. Bryce is active in the Mortgage Bankers Association of America, where she was on the board of directors for several years. Bryce also has served on regulatory and ethics task forces for the organization.

Bryce received her undergraduate degree from the University of Virginia and her law degree from Columbia University. She is chair of a University of Virginia scholarship fund that helps minorities at the school and also serves on the Board of Managers for the university’s Alumni Association.

Bryce noted, “As someone who has benefited from and appreciated public radio over the years, I am honored to have the opportunity to further Public Radio Capital’s mission of preserving public access to in-depth and unbiased news.”

Leo Martinez, the incoming Chair for PRC, stated, “We are thrilled to have Teresa join our Board of Directors. Her financial and legal background will provide valuable insight on PRC activities including PRC’s new Public Radio Fund.” This fall PRC established the Public Radio Fund which provides public radio organizations with access to affordable capital for their expansion projects.

About Public Radio Capital: Public Radio Capital’s (PRC) mission is to secure and expand the number of public radio stations in communities nationwide, so that people have greater program choices for in-depth information, unbiased news, diverse music, and cultural programming. In its role to broaden the reach of public radio, PRC is the industry’s leading advisor in planning, acquiring and funding new public radio channels. Since its founding in 2001, nonprofit PRC has completed over $130 million in transactions, providing public radio services for over 28 million people, as well as helped public broadcasters in many other cities prepare for expansion of service.