Employees of the joint organization that operates The Public’s Radio and Rhode Island PBS are being offered voluntary buyouts due to the recent loss of $1.1 million in annual federal funding. Despite these efforts, it is not enough to close the financial gap.”The Public’s Radio and Rhode Island PBS merged last year. The joint public media outlets plan to become known as Ocean State Media this fall. The lost funding from the Corporation for Public Broadcasting provided a relatively small, but significant percentage of the support for Rhode Island PBS and The Public’s Radio. Rhode Island PBS maintains an investment account seeded with more than $90 million it received after it auctioned off electromagnetic spectrum it controlled in 2017.