Boulder venture firm raises $25M for over-the-air TV infrastructure

BOULDER — Public Media Group, an infrastructure developer for television broadcasters, raised $25 million this week.

PMG’s fundraising subsidiary, which is registered in Boulder, raised the $25 million from a single investor in a Series B round, according to disclosures to the U.S. Securities and Exchange Commission Thursday.

Formed in 2019, PMG is a company part-owned by 118 television operators in the country to develop the infrastructure for ATSC 3.0, a broadcasting standard that allows for 4K-quality images by using both over-the-air television signals and internet broadband.

The protocol would also allow people to stream over-the-air TV to mobile devices and smart televisions through a signal-to-Wi-Fi converter.

PMG declined to comment when reached by BizWest Thursday afternoon.

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