Democratic Senator Benjamin Cardin of Maryland has introduced a measure aimed at rescuing the struggling newspaper industry. The Newspaper Revitalization Act would let newspaper companies become educational non-profits and operate similar to public broadcasters. Audiences would be eligible to give tax-deductible donations, while advertising and subscription revenue would become tax exempt. Cardin said, “The business model for newspapers, based on circulation and advertising revenue, is broken, and that is a real tragedy for communities across the nation and for our democracy.”
Cardin Introduces Newspaper Rescue Bill
HeadlineMar 26, 2009