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| Fifth Column | |
| U.S. bill seeks to rescue faltering newspapers | |
| 2009-03-25 | |
| 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.
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| Posted by:whitecollar redneck |
| #15 Where have I seen all this before? In Atlas Shrugged? We do seem to be living it. |
| Posted by: Secret Master 2009-03-25 23:37 |
| #14 The newspapers are wanting payback for being in the tank for the liberal Democrats and for slamming the trunks. |
| Posted by: JohnQC 2009-03-25 20:23 |
| #13 They deserve to die. Let them. They pretended to report the news but they were just a pack of hounds all chasing the same ambulance. There was no depth. No investigation. No integrity. There was no objectivity because they were beholden to their advertisers. Hopefully their death will make room for something more relevant. |
| Posted by: Ebbang Uluque6305 2009-03-25 13:00 |
| #12 U.S. bill seeks to rescue faltering buggy whip manufacturers 2009-03-25 WASHINGTON (Reuters) - With many U.S. buggy whip manufacturers struggling to survive, a Democratic senator on Tuesday introduced a bill to help them by allowing buggy whip manufacturers to restructure as nonprofits with a variety of tax breaks. "This may not be the optimal choice for some major buggy whip manufacturers but it should be an option for many buggy whip manufacturers 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 buggy whip manufacturing community, which has seen plunging revenues and many whip maker layoffs. Cardin's buggy whip manufacturers Revitalization Act would allow buggy whip manufacturers to operate as nonprofits under the U.S. tax code. |
| Posted by: Parabellum 2009-03-25 10:42 |
| #11 Or maybe the Bush strategy worked. Wait till al-Q pulls off it's welcome mission for Bambi. The focus will shift. |
| Posted by: Nimble Spemble 2009-03-25 09:19 |
| #10 Has anyone noticed that as of 0900hrs EDST, there has been no comments posted on WoT except for the standard GBUSMC and Deacon Blue. But the Seedy's and the Opinions are full of them. Obama, has succeeded in one way to focus our attention away from national security onto financial security. Unfortunately, he is incompetent to handle either. |
| Posted by: Jack is Back! 2009-03-25 09:05 |
| #9 Basic tenet of liberalism at work. The conservative view of 'charity' is to give from your own pocket. The liberal view of 'charity' is to tax others to support your giving. Notice no clarion call among the [Name That] party to support their organization's mouthpiece. Nope. Nada. Get the serfs to underwrite them directly or indirectly. |
| Posted by: Procopius2k 2009-03-25 08:30 |
| #8 Just when I was enjoying the slow, painful death of the Boston Globe... |
| Posted by: Raj 2009-03-25 08:24 |
| #7 OK, if we tax their bonuses at 90% and tax all journalist income over, say, 250k/yr at, say, 60% |
| Posted by: mhw 2009-03-25 07:24 |
| #6 I thought The One was going to tax all large corporations, not bail them out. Of course, Congress needs them as a mouthpiece. So much for the 'free press'. |
| Posted by: Bobby 2009-03-25 06:08 |
| #5 Also a whole lot of 'requirements' and 'criteria' which the newspapers will need to fulfill in order to get the loans. For example not deteriorating the nation's morale during these trying times by questioning or disagreeing with the government's clear mandate. |
| Posted by: CrazyFool 2009-03-25 04:51 |
| #4 Where have I seen all this before? |
| Posted by: g(r)omgoru 2009-03-25 04:48 |
| #3 Most of them already have the non profit results down cold. Watch out for tax credits, subsidies, stimulus, or whatever other ways the govt. can transfer cash to them. |
| Posted by: Halliburton - Mysterious Conspiracy Division 2009-03-25 01:43 |
| #2 Hey, GoDDa** the New York Times. F them. Paper mills are one thing, but meat grinders are another. and Psychic foolishness is entirely another. NY times is not News, it is a death spiral. |
| Posted by: newc 2009-03-25 01:01 |
| #1 Strangely enough, an alternative perspective from Skidmark... A fellow I met in asia one day saved me many years later in England. We ran together for 20 years. He grew up in Oregon, in a little smudge of a town south of Tacoma on the river. He would tell me tales of hot tubbing in the woods (its all woods), racing mudders on the plains, picking hops to sell to Olympia and water skiing on the river they drank from, just downstream from THE PAPER MILL, and how sometimes, most times, his father taped the windows shut to keep out the dead fish/acid fumes smell they learned to live with because the mill was the only local employer. He died a while back from something he picked up in DSII that compounded his life on that river. Took him 2 years. The financial crisis is sad. I hope these people rot like he did. |
| Posted by: Skidmark 2009-03-25 00:47 |