Essentially correct, but I think this will be struck down in the courts and never take effect in any meaningful way because the Corporation for Public Broadcasting is an independent organization that is funded by but in no way controlled by the US government. Also, the member stations that the Corporation funds are all independent organizations who choose to purchase programming from NPR/PBS and there’s no way Trump can stop them from doing that.

The people who designed this system knew someone would come along to try to mess with it and intentionally set it up to make that as difficult as possible.

I hope so. I don’t trust the courts anymore though. Or Congress for that matter. I guess I have a complete lack of trust in our government now.