It's hard to imagine a worse development for journalism.
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Monday, September 21, 2009
Self-proclaimed newspaper junkie says newspaper bailouts might be a good idea
Self-proclaimed newspaper junkie Barack Obama told reporters in Pennsylvania he is open to looking at proposals that would give tax breaks to struggling newspapers that restructure as nonprofit businesses. Click here for more details.
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3 comments:
What a coincidence, our newspaper became a 'non-profit' this year not by choice, maybe we can just become a 501C and get bailed out.
Thanks for the offer!
McClatchy has a Robin Hood scheme going with its papers, much like Knight Ridder did. The (relatively) rich ones support the poor ones. If this nonprofit scheme were to ever become reality, don't expect MNI to let any of its papers go, especially the ones that are doing better than the others.
Yeah, but only the newspapers that kiss his ass - which is 99 percent of them.
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