Non-Profit Status For Newspapers Could Save The Industry

[Omaha Steve]

http://www.laborradio.org/node/10803

A bill being proposed in the Senate could come as a relief for newspapers who still believe in journalism over business. Jesse Russell reports

Newspapers suffering from drastic changes in the news is consumed could receive a little bit of help from the government. Maryland Senator Benjamin Cardin introduced a bill last Tuesday intended to allow newspaper to operate as non-profits under the U.,S. tax code. The bill is intended to preserve local and community newspapers and not media conglomerates. A day after Cardin introduced the bill more bad news came down the pipe from two of the country’s largest newspapers. Both the Houston Chornicle and the Atlanta Journal-Constitution announced on Wednesday they would be cutting jobs. The Journal-Constitution said it would let go of 230 workers and the Chronicle said it would cut 200 employees overall. Both papers are expected to cut at the least 90 staffers each from their newsrooms. This isn’t the first job cuts announcement from the Journal-Constitution. Earlier last week the paper cut 48 part-time news staff members.

[Bobbieo]

1. Bring back the family owned newspaper and get rid of the inheritance tax

which brought on the conglomerates. I remember the good ole days when newspapers were the pride of a city.