My, goodness, Democrats are getting fearful about their chances:
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.
Under this arrangement, newspapers would still be free to report on all issues, including political campaigns. But they would be prohibited from making political endorsements.
Translation: “For crying out loud, I’ve got to save these MSMers or the New Media will allow the people to find out what a completely worthless liberal I am”.
But isn’t this also typical liberalism? I mean, here we have an industry failing because of a combination of new technology and poor product (hey, its not our fault that MSM reporting is mostly regurgitated DNC talking points), and along comes a liberal to embalm the dead…and if you don’t think that eventually taxpayer dollars will flow to these print versions of NPR, then you just don’t know how liberals operate. Eventually there will grants to the New York Times Foundation in order to disseminate “non-partisan” information on socialized medicine.
This is a big, old sh** sandwich and while our Democrats will try to make it look appetizing, I don’t think many Americans will actually want to take a bite.
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