This document summarizes a presentation on public service media (PSM) during the digital transition. It outlines several hypotheses about PSM funding and governance, including commercialization leading to justification problems, declining audiences for PSM genres, and threats to independence from political interference in negotiations. The document analyzes data from EBU countries showing slight increases in public funding from 2005-2010 and varying audience losses for PSB TV. It also discusses funding models from case studies and implications for radio from lessons of television, concluding that the digital transition presents challenges but no single roadmap, and more research is still needed.