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Topic: The Fourth Estate To Become the Fourth Branch of Government?  (Read 530 times)
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« on: March 25, 2009, 07:45:43 AM »
TonyBlair Offline
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As if it isn't already..

U.S. bill seeks to rescue faltering newspapers

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.

http://www.reuters.com/article/politicsNews/idUSTRE52N67F20090324
« Last Edit: March 25, 2009, 07:50:49 AM by TonyBlair » Logged
We could say [Democrats] spend money like drunken sailors, but that would be unfair to drunken sailors. It would be unfair, because the sailors are spending their own money.  --Ronald Reagan

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The welfare of humanity is always the alibi of tyrants - Camus

The person who advocates government planning of the economy always assumes that it is his plan that will be put into effect.  --Hayek
« Reply #1 on: March 25, 2009, 08:40:37 AM »
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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.

http://www.reuters.com/article/politicsNews/idUSTRE52N67F20090324


AND WE KNOW HOW IMPARTIAL PUBLIC BROADCASTING COMPANIES ARE!
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