Media capture, a situation in which the media can no longer function independently but is controlled by vested interests, has been researched as a concept and empirical phenomenon in a variety of contexts. The capture of Public Service Media has received less scrutiny, even though media organizations with a public service mandate are facing increased pressures from governments and commercial competitors alike. This chapter proposes a framework for assessing the impact of media capture on Public Service Media organizations in different national contexts. It highlights the importance of both media systems and public discourses in understanding the forms in which Public Service Media capture can emerge and become manifest.