| (Sensen No Sen) | Nine companies own 341 of the nation's newspapers. Maybe THAT'S the problem (sensen-no-sen.blogspot.com) | 87 |
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| More: Obvious | ||||

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| flannelled fool | 2009-04-04 05:25:59 PM |
Falling sales and advertising revenues are causing many of the countries' newspapers to lay off employees or even to go out of business.
One bill, proposed last week by U.S. Sen. Benjamin Cardin, D-Md., would work to stem this tide.
The bill would allow newspapers to become non-profit organizations by claiming status as an organization with an educational purpose. This means newspapers that qualify would be exempt from taxes and any advertisements or contributions made to them could be written off as charitable donations.
As a non-profit organization, a newspaper would be under some government restrictions that would not allow the paper to endorse any political candidate.
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