Blogs & Comment

U.S. govt. to rescue its media companies too?

Related to my earlier post about the Conservatives possibly helping Canwest, it looks like the American government is considering propping up it’s troubled media companies too.
From a CQ Politicsstory: “( Sen. Benjamin L. Cardin , D-Md. )introduced a bill Tuesday that would permit newspapers to operate as nonprofits, or 501(c)3 corporations, much as public broadcasting now does.
“Under this arrangement, advertising and subscription revenue would be tax-exempt, and contributions to support coverage or operations could be tax-deductible.”