Wednesday, March 25, 2009

Newspaper Revitalization Act: Newspapers as non-profits

The Newspaper Revitalization Act, introducted by US Senator Ben Cardin, would grant newspapers so-called 501(c)(3) tax status typically reserved for educational entities.

"This may not be the optimal choice for some major newspapers or corporate media chains," said Cardin, " but it should be an option for many newspapers that are struggling to stay afloat."

According to Cardin spokeswoman Susan Sullam, "This is really aimed at community newspapers."

Tim Windsor of the Nieman Journalism Lab opposed the bill in a column titled Killing innovation with kindness: The Newspaper Revitalization Act

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