Friday, March 27, 2009

Newspaper Revitalization Act

Certainly the newspapers industry is struggling to survive, but that is no reason to have tax payers bail out some of these papers.

Senator Benjamin Cardin of Maryland, not surprising a Democratic, introduced a bill to help newspaper companies to restructure as nonprofits with a variety of tax breaks. Off course he says "the intention is to save local and community newspapers, not media conglomerates such as the New York Times."

Prior to this, House Speaker Nancy Pelosi, asked the Justice Department to help save her local paper, The San Francisco Chronicle.

Who's to say which papers get baled out?

I no longer receive a local newspaper. There is little value in it given the other options at this time.

Saving something the market is de-selecting is not the role of the federal government. Newspapers will stand or fail on their own merits. If the people elect to obtain their news elsewhere, so be it. Do not force taxpayers to bailout a failing industry.

1 comment:

Rachel Hauck said...

Funny how they always make it out to be like they are saving the little guy. Such heroes the Democrats.

Think... the gov't bails you out. Now you feel obligated to print positive things about them. Objectivity goes further out the door.

This is what the Dems what of course. Just like they bailed out banks, now they want control over salaries and operations.

If church and state have to be separated, so does press and state.

This thing just keeps getting more and more ridiculous.

Let the papers survive on their own.