U.S. bill seeks to rescue faltering newspapers
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U.S. bill seeks to rescue faltering newspapers
U.S. bill seeks to rescue faltering newspapers
http://www.reuters.com/article/politicsNews/idUSTRE52N67F20090324
Duh...Sen. Cardin must think we still live in Mayberry RFD.
http://www.reuters.com/article/politicsNews/idUSTRE52N67F20090324
By Thomas Ferraro
WASHINGTON (Reuters) - With many U.S. newspapers struggling to survive, a Democratic senator on Tuesday introduced a bill to help them by allowing newspaper companies to restructure as nonprofits with a variety of tax breaks.
"This may not be the optimal choice for some major newspapers or corporate media chains but it should be an option for many newspapers that are struggling to stay afloat," said Senator Benjamin Cardin.
A Cardin spokesman said the bill had yet to attract any co-sponsors, but had sparked plenty of interest within the media, which has seen plunging revenues and many journalist layoffs.
Cardin's Newspaper Revitalization Act would allow newspapers to operate as nonprofits for educational purposes under the U.S. tax code, giving them a similar status to public broadcasting companies.
Under this arrangement, newspapers would still be free to report on all issues, including political campaigns. But they would be prohibited from making political endorsements.
Newspaper subscriptions and advertising have shrunk dramatically in the past few years as Americans have turned more and more to the Internet or television for information.
Duh...Sen. Cardin must think we still live in Mayberry RFD.
LTRT- Jedi Master
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Number of posts : 3456
Re: U.S. bill seeks to rescue faltering newspapers
Maybe it's time to rescue the VHS industry too.
Markwes- Jedi Master
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Number of posts : 3096
Age : 59
Location : asylum
Re: U.S. bill seeks to rescue faltering newspapers
i still buy a paper..i like holding it in my grubby little hands as i read it.
floridafun- Jedi Knight
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Number of posts : 2519
Re: U.S. bill seeks to rescue faltering newspapers
Don't stop there. Today, the VHS industry...tomorrow the vinyl record industry!Markwes wrote:Maybe it's time to rescue the VHS industry too.
Re: U.S. bill seeks to rescue faltering newspapers
I think the 8-track is a much more deserving cause...
Canuck- Jedi Padawan
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Number of posts : 1717
Location : Kanaduh
Re: U.S. bill seeks to rescue faltering newspapers
I think you may...(cuh-chunk)..be right...Canuck wrote:I think the 8-track is a much more deserving cause...
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