U.S. bill seeks to rescue faltering newspapers
I came across this article. Interesting.
Tue Mar 24, 2009 3:05pm EDT
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.Click Here To Read Story
About this blog
Bob Otto covers Yucaipa, Calimesa and the San Gorgonio Pass for The Sun. He has worked as a photographer and writer for The Sun, Fontana Herald News, The Hemet News, The Valley Chronicle (Hemet) and the Yucaipa News Mirror during his journalism career. Otto has lived in Yucaipa since 1979. If you have a news tip for Bob E-mail him at bob.otto@inlandnewspapers.com
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