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Being private in a time of predatory billionaires is a bad time. They will be consumed and become a shell of their former selves, like Sesame Street after HBO bought them.
I'd normally entirely agree with you - we trust the government to keep the predators from devouring public services...
But right now those predators are in the Whitehouse and both PBS and NPR are too valuable to be allowed to become conservative propaganda tools.
This isn't a simple situation and pretty much all options come with significant downsides.
NPR and PBS receive single digit funding from federal funding. They would be better suited to remain that way and having the freedom to continue publishing their own content than go private and be steered by profit minded board members. Going private opens them up to a hostile takeover. Remaining public gives them more freedom.
Being public exposes them to being taken over by the administration. Going private as a non-publicly owned entity with a stewardship board would likely end up increasing their journalistic freedom. Overtime corruption would likely seep in (as it has with most news organizations) but it'd likely start out quite mission driven.
Things like takeovers and corrupt boards only happen if greed is allowed to be a driver.