Katz Media Group Raises $400K For BFA

The Broadcasters Foundation of America announces Katz Media Group has raised nearly $45,000 for the Foundation during its 11th annual company-wide membership drive, bringing the total amount raised to nearly $400,000 since the drive's inception.

All money raised during Katz’s annual two-week campaign goes toward the 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 over seventy 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 Mark Gray, Chief Executive Officer for Katz Media Group.

“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,” said Leo MacCourtney, Katz Television Group.

“We are grateful to Mark, Leo, Christine Travaglini and the entire team at Katz for their continued support of our charitable cause,” noted 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.”