Leaders of the Corporation for Public Broadcasting voted Monday to dissolve the organization, created in 1967, that has steered federal funding to PBS, NPR, and hundreds of public television and radio...

The Corporation for Public Broadcasting is dissolving after more than $1 billion in funding was cut for the organization by Congress last year.

Around 70% of the CPB’s funds have typically been distributed to local radio and television broadcasters, and some of these local stations may be in danger of closing as they lose their support.