Slashdot Mirror

← Back to Stories (view on slashdot.org)

Senator Proposes Nonprofit Status For Newspapers

Posted by kdawson on from the not-making-any-anyway dept.

The AP is reporting that a senator has introduced legislation that would allow struggling newspapers to operate as nonprofits, similar to the way public broadcasting works. "[Sen. Benjamin] Cardin [D-Md.] introduced a bill that would allow newspapers to choose tax-exempt status. They would no longer be able to make political endorsements, but could report on all issues including political campaigns. Advertising and subscription revenue would be tax-exempt, and contributions to support coverage could be tax deductible. Cardin said in a statement that the bill is aimed at preserving local newspapers, not large newspaper conglomerates. ... The head of the newspaper industry's trade group called the bill a positive step."

1 of 426 comments (clear)

  1. Re:What a good idea by Fulcrum+of+Evil · · Score: 4, Funny

    The thing is, if you give up trying to be unbiased, you get Fox News.

    Or the Economist. Bias is OK as long as you acknowledge it - does Fox still claim to be fair and balanced?

    --
    "We returned the General to El Salvador, or maybe Guatemala, it's difficult to tell from 10,000 feet"