The president said he is "happy to look at" bills before Congress that would give struggling news organizations tax breaks if they were to restructure as nonprofit businesses.
Sen. Ben Cardin (D-Md.) introduced S. 673 -- what he calls the "Newspaper Revitalization Act," that would give tax deals if a newspaper was restructured as 501(c)(3) corporation. Obama said:
"I am concerned that if the direction of the news is all blogosphere, all opinions, with no serious fact-checking, no serious attempts to put stories in context, that what you will end up getting is people shouting at each other across the void but not a lot of mutual understanding.Pure rubbish. The mainstream media has poor record of checking facts, just like Obama does. The non-traditional media does a much better job than traditional media at putting the material in context. We are already shouting and if he uses tax payer money to bail-out poor performing news outlets, then the shouting will get louder.
"What I hope is that people start understanding if you're getting your newspaper over the Internet, that's not free and there's got to be a way to find a business model that supports that."
There are plenty of profit producing news agencies; i.e., Wall Street Journal, Fox News, to name but two. Just because an organization is not-for-profit does not mean it will produce "better news" as Obama seems to think.
This is the latest in Obama's attempt to stifle opposition. Whomever funds the business, controls the business, whether it is the advertisers, subscribers or the federal government. The Obama record is on skip...it is the same control, control, control message over and over.