What is a peabody award?

The George Foster Peabody Awards (or simply Peabody Awards) program, named for businessman and philanthropist George Peabody, recognizes distinguished and meritorious public service by radio and television stations, networks, online media, producing organizations, and individuals.Reflecting excellence in quality, rather than popularity or commercial success, the Peabody is awarded to about 25–35 winners annually from more than 1,000 entries.[1][2] Because submissions are accepted from a wide variety of sources and styles, deliberations seek "Excellence On Its Own Terms."[3]Each entry is evaluated on the achievement of standards it establishes within its own contexts.[2][4] Entries are self-selected by those making submissions, for which a US$300 fee (US$175 for radio) is required.[5]

Its chance hope that