National Public Radio on Monday said it would do away with its annual summer internship program as a cost cutting measure.
“We are seeing a worldwide set of economic challenges that have weakened the advertising industry and negatively affected media and technology companies. A major portion of NPR’s revenue comes through corporate sponsorships which are sensitive to changes like this in the economy,” a spokesperson for the outlet told The Hill on Tuesday. “This is a severe financial challenge. We are acting quickly to address it, while preserving and protecting our critical public service and prioritizing the preservation of existing jobs.”
The company acknowledged it has undergone a previously reported near-hiring freeze and had “made the difficult decision to cancel this summer’s internship program.”
“We are committed to providing a…
