From Canadian Business Online Blog, Mar 25, 2009
Related to my earlier post about the Conservatives possibly helping Canwest, it looks like the American government is considering propping up it’s troubled media companies too.
From a CQ Politics story: “(Sen. Benjamin L. Cardin , D-Md. ) introduced a bill Tuesday that would permit newspapers to operate as nonprofits, or 501(c)3 corporations, much as public broadcasting now does.
“Under this arrangement, advertising and subscription revenue would be tax-exempt, and contributions to support coverage or operations could be tax-deductible.”
More on this topic
(What's this?)
The Demise of the Newspaper Industry
(Dividend Growth Investor, 2/26/09)
Newspapers just don’t get it
(Intelligent Speculator, 5/20/09)
One Response to “ U.S. govt. to rescue its media companies too? ”
Good news for the daily papers. Kind of sad seeing the long time giants die off the past few months.
By Stefanie Hartman on Mar 25, 2009