Greenspring Company was the for-profit subsidiary of the

non-profit A nonprofit organization (NPO), also known as a nonbusiness entity, nonprofit institution, not-for-profit organization, or simply a nonprofit, is a non-governmental (private) legal entity organized and operated for a collective, public, or so ...

American Public Media Group American Public Media Group (APMG), formerly the Minnesota Communications Group, is the non-profit parent organization of Minnesota Public Radio, American Public Media, and Southern California Public Radio. Jean Taylor is APMG's President and C ...

. Profits gathered from Greenspring were funneled through American Public Media Group in order to help fund

Minnesota Public Radio Minnesota Public Radio (MPR) is a public radio network for the state of Minnesota. With its three services, KNOW-FM, News & Information, KSJN, YourClassical MPR and KCMP, The Current, MPR operates a 46-station regional radio network in the upper ...

, although Greenspring was

tax A tax is a mandatory financial charge or levy imposed on an individual or legal entity by a governmental organization to support government spending and public expenditures collectively or to regulate and reduce negative externalities. Tax co ...

ed before the funds were transferred. Greenspring owned The Rivertown Trading Company until it was sold to

Target Corporation Target Corporation is an American retail corporation that operates a chain of discount department stores and hypermarkets, headquartered in Minneapolis, Minnesota. It is the seventh-largest retailer in the United States, and a component of th ...

in 1998 for

US$ The United States dollar (Currency symbol, symbol: Dollar sign, $; ISO 4217, currency code: USD) is the official currency of the United States and International use of the U.S. dollar, several other countries. The Coinage Act of 1792 introdu ...

134 million. In 2004, the company sold the Minnesota News Network (MNN) to Saga Communications, apparently along with station WMNN. Greenspring kept KLBB and KLBP radio, which remained affiliated with MNN. Radio station WMNN was sold to

Starboard Broadcasting Relevant Radio (corporate name Relevant Radio, Inc.) is a radio network in the United States, mainly broadcasting talk radio and religious programming involving the Catholic Church. Relevant Radio broadcasts "talk radio for Catholic life" over a ...

organization, which programs the Catholic radio network

Relevant Radio Relevant Radio (corporate name Relevant Radio, Inc.) is a radio network in the United States, mainly broadcasting talk radio and religious programming involving the Catholic Church. Relevant Radio broadcasts "talk radio for Catholic life" over a ...

. In 2005, KLBB and KLBP were sold to

Davidson Media Group The Davidson Media Group (DMG) is a Charlotte-based broadcaster specializing in multi-cultural, community focused formats. The company runs stations in a number of markets in 10 states and also specializes in selling large blocks of time on some o ...

for

5.2 million. In 2013,

Greenspring Media Group Greenspring Media is a publisher of Minnesota-focused publications. The company publishes two subscription magazines, ''Minnesota Monthly'' and ''Midwest Home'', as well as custom publications including ''Real Food'', '' Where Twin Cities'', ''Twin ...

, publishers of ''

Minnesota Monthly Minnesota ( ) is a state in the Upper Midwestern region of the United States. It is bordered by the Canadian provinces of Manitoba and Ontario to the north and east and by the U.S. states of Wisconsin to the east, Iowa to the south, and Nor ...

'' and other publications, was sold to Hour Media.Hour Media Buys Publishing Assets from American Public Media Group
/ref>

References

External links

Minnesota Public Radio Organizational Structure
{{American Public Media American Public Media Group