(4) Funds may not be distributed pursuant to this subsection to the Public Broadcasting
Service or National Public Radio (or any successor organization), or to the licensee or
permittee of any public broadcast station, unless the governing body of any such
organization, any committee of such governing body, or any advisory body of any such
organization, holds open meetings preceded by reasonable notice to the public. All
persons shall be permitted to attend any meeting of the board, or of any such committee
or body, and no person shall be required, as a condition to attendance at any such
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meeting, to register such person's name or to provide any other information. Nothing
contained in this paragraph shall be construed to prevent any such board, committee, or
body from holding closed sessions to consider matters relating to individual employees,
proprietary information, litigation and other matters requiring the confidential advice of
counsel, commercial or financial information obtained from a person on a privileged or
confidential basis, or the purchase of property or services whenever the premature
exposure of such purchase would compromise the business interests of any such
organization. If any such meeting is closed pursuant to the provisions of this paragraph,
the organization involved shall thereafter (within a reasonable period of time) make
available to the public a written statement containing an explanation of the reasons for
closing the meeting.