Katz Media Gives $45,000 To Broadcasters Foundation

That donation boosts its 11 years of giving to the foundation to nearly $400,000. All money raised during the Broadcasters Foundation of America’s 11th annual membership drive supports radio and television broadcasters in need.

By TVN Staff | November 17, 2021 | 4:29 p.m. ET.

The Broadcasters Foundation of America on Wednesday announced that Katz Media Group has raised nearly $45,000 for the foundation during its 11th annual company-wide membership drive, bringing the total amount Katz has donated over the past 11 years to nearly $400,000.

All money raised during Katz’s annual two-week campaign goes toward the foundation’s Stu Olds Memorial Fund that commemorates Katz’s former CEO and supports the foundation’s mission to provide support to broadcast professionals in acute need.

For more than 70 years, the Broadcasters Foundation has provided aid ranging from medical care to financial assistance to broadcasters and their families across the United States. This year, the foundation will give away more than $1.8 million in monthly and emergency grants, including victims of natural disasters, such as hurricanes, earthquakes, and wildfires.

Katz has been a longtime champion of the Broadcasters Foundation. Olds, as well as Katz’s current CEO, Mark Gray, have served on the foundation’s board of directors, and Leo MacCourtney, president of Katz Television Group, is the current vice president and treasurer.

“As a longstanding board member, I have seen first-hand how the money raised helps broadcasters in need. I’m incredibly proud of the continued generosity of the Katz team to continue this tradition to honor Stu’s legacy and give back to our industry,” said Gray.

MacCourtney added: “As a current officer of the foundation, I strongly believe in their mission to help broadcasters who have fallen on hard times. The Katz team has been a tremendous supporter for the foundation, and we are proud to continue that legacy.”

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“We are grateful to Mark, Leo, Christine Travaglini and the entire team at Katz for their continued support of our charitable cause,” said Jim Thompson, co-president of the Broadcasters Foundation of America. “Our purpose at the foundation is to provide aid to those in our industry who need it most, whether it be monthly assistance from life-altering circumstances or a one-time emergency grant to help victims of natural disasters. With the help from our friends and colleagues at Katz, we can help more broadcasters in need across the country.”