JTF.ORG Forum
General Category => General Discussion => Topic started by: MasterWolf1 on March 25, 2009, 01:56:23 AM
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http://www.newsmax.com/insidecover/bailout_for_newspapers/2009/03/24/195647.html
A Bailout for Newspapers?
Tuesday, March 24, 2009 6:43 PM
WASHINGTON - 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.
Advertising and subscription revenue would be tax exempt, and contributions to support news coverage or operations could be tax deductible.
Because newspaper profits have been falling in recent years, "no substantial loss of federal revenue" was expected under the legislation, Cardin's office said in a statement.
Cardin's office said his bill was aimed at preserving local and community newspapers, not conglomerates which may also own radio and TV stations. His bill would also let a non-profit buy newspapers owned by a conglomerate.
"We are losing our newspaper industry," Cardin said. "The economy has caused an immediate problem, but the business model for newspapers, based on circulation and advertising revenue, is broken, and that is a real tragedy for communities across the nation and for our democracy.
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.
In recent months, the Seattle Post-Intelligencer, the Rocky Mountain News, the Baltimore Examiner and the San Francisco Chronicle have ceased daily publication or announced that they may have to stop publishing.
In December the Tribune Company, which owns a number of newspapers including The Baltimore Sun, The Chicago Tribune and The Los Angeles Times filed for bankruptcy protection.
Two newspaper chains, Gannett Co Inc and Advance Publications, on Monday announced employee furloughs. It will be the second furlough this year at Gannett.
© 2009 Reuters. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters.
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I have been praying hard for the SF Chronicle to go belly up.... From my lips to Hashems 'ears'!
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The reason why newspapers are going bankrupt is because why pay to read the news when you can get it off the internet for free.
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I have been praying hard for the SF Chronicle to go belly up.... From my lips to Hashems 'ears'!
The Seattle PI is gone! 8) :laugh:
Same owners as the Chronicle.
This story gets me so angry!!! These businesses have gone out of business because
1. They are an old format that no one uses anymore
2. Blacks and other growing uneducated or non English speaking minorities don't read newspapers in English. White Americans have become less literate as well
3. They have become far left and most Americans don't want to hear the lies they have been spouting for 30 years.
Some businesses go under and new ones start. The idea of propping up a failed business because those people have contributed to their movements with free liberal advertising, is criminal.
In WA state they have already stopped taxing newspapers to keep them going. May their names and memories be obliterated for eternity!!
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I have been praying hard for the SF Chronicle to go belly up.... From my lips to Hashems 'ears'!
That newspaper is the worst.
It's interesting that we haven't seen a report about liberal newspaper success vs. conservative paper success.
Hmmmmmmmm
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I have been praying hard for the SF Chronicle to go belly up.... From my lips to Hashems 'ears'!
That newspaper is the worst.
It's interesting that we haven't seen a report about liberal newspaper success vs. conservative paper success.
Hmmmmmmmm
I wonder which is worse SF Chronicle or New York Nazi Times?
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I have been praying hard for the SF Chronicle to go belly up.... From my lips to Hashems 'ears'!
That newspaper is the worst.
It's interesting that we haven't seen a report about liberal newspaper success vs. conservative paper success.
Hmmmmmmmm
I wonder which is worse SF Chronicle or New York Nazi Times?
I'm gonna go with the Chronicle.
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I have been praying hard for the SF Chronicle to go belly up.... From my lips to Hashems 'ears'!
That newspaper is the worst.
It's interesting that we haven't seen a report about liberal newspaper success vs. conservative paper success.
Hmmmmmmmm
I wonder which is worse SF Chronicle or New York Nazi Times?
I'm gonna go with the Chronicle.
The Los Angeles Nazi Times can be added to the worst of the worst list as well. I'm still livid that the Los Angeles Nazi Times didn't release the video of Barack Hussein Obama praising Arab Muslim Nazi Rashid Khalidi.
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Of course they want to bailout failed newspapers, they want their print propaganda wing to stay in business.
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These politicians are really a piece of work. This is like bailing out the horse and buggy manufacturers at the turn of the last century after the mass production of the automobile. Real visionaries.
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Maybe they'll be nationalized. They are already mouthpieces for the Obamanation anyway.
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Oh please, Dear God, let the NY Slimes.. I mean Times rot in sewage
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These politicians are really a piece of work. This is like bailing out the horse and buggy manufacturers at the turn of the last century after the mass production of the automobile. Real visionaries.
Good analogy!!
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I have been praying hard for the SF Chronicle to go belly up.... From my lips to Hashems 'ears'!
That newspaper is the worst.
It's interesting that we haven't seen a report about liberal newspaper success vs. conservative paper success.
Hmmmmmmmm
I wonder which is worse SF Chronicle or New York Nazi Times?
I'm gonna go with the Chronicle.
The Los Angeles Nazi Times can be added to the worst of the worst list as well. I'm still livid that the Los Angeles Nazi Times didn't release the video of Barack Hussein Obama praising Arab Muslim Nazi Rashid Khalidi.
You're right...or the audio saying he would run the coal industry out of business. McCain would have won in all the coal mining states had that come out in early October.
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This can only come from a democratic socialist.
Perhaps a lot of people are tired of the bolschewist propaganda and doesn't want to pay for it.
The natural way is to let the decision to the market. :P