The George Foster Peabody Awards (or simply Peabody Awards or the Peabodys) program, named for the American businessman and philanthropist George Peabody, honor what are described as the most powerful, enlightening, and invigorating stories in television, radio, and online media. The awards were conceived by the National Association of Broadcasters in 1938 as the radio industry's equivalent of the Pulitzer Prizes. Programs are recognized in seven categories: news, entertainment, documentaries, children's programming, education, interactive programming, and public service. Peabody Award winners include radio and television stations, networks, online media, producing organizations, and individuals from around the world. Established in 1940 by a committee of the National Association of Broadcasters, the Peabody Award was created to honor excellence in radio broadcasting. It is the oldest major electronic media award in the United States. Final Peabody Award winners are selected unanimously by the program's Board of Jurors. Reflecting excellence in quality storytelling, rather than popularity or commercial success, Peabody Awards are distributed annually to 30 out of 60 finalists culled from more than 1,000 entries. Because submissions are accepted from a wide variety of sources and styles, deliberations seek "Excellence On Its Own Terms".Each entry is evaluated on the achievement of standards established within its own context. Entries, for which a US$350 fee (US$225 for radio) is required, are self-selected by those making submissions. Source: Wikipedia (en)