PBS plans to cut its budget by 21% as public media faces the loss of $1.1 billion in federal funding over the next two fiscal years.

Weeks after Congress stripped public media entities PBS and NPR of federal funding, local media leaders met to thank supporters and discuss the cut's impacts.

So while PBS is not shutting down, the loss of CPB funding will have a significant effect on the organization, particularly television stations that operate to serve rural communities.

The PBS board voted to cut its budget by 21% on Wednesday, a month after Congress stripped away its federal funding.