Bailout the newspapers next?

[WRESTLINGFAN]

These days, it seems like any failing industry is open to a rescue courtesy of the taxpayer



http://thehill.com/blogs/blog-briefing-room/news/59523-obama-open-to-newspaper-bailout-bill

[FrogSlayer]

I was a printer for 16 years and it was good to me until the internet killed it. there is little need to have the printed piece anymore, you can just read it online and print only what you need. I don't know the facts but I would emagine a 65-75% reduction in offset printing usage.
Remeber the old retail catalouges Sears, JC Penney etc.?

[angrymissy]

It appears that all Obama did was say he would look at the bill.

[instrument]

i feel about as bad for newspapers as i do for blockbuster.

If netflix can make money renting movies, and if they had to forward vision to see where the market was leading, then so should the news industry.

[topless_mike]

If netflix can make money renting movies, and if they had to forward vision to see where the market was leading, then so should the news industry.

hence the whole debate of paying to view the news online, as several papers are considering.
i remember seeing that arguement somewhere. give me a few min to dig it up.

everything costs money.

[HBox]

Sen. Ben Cardin (D-Md.) has introduced S. 673, the so-called "Newspaper Revitalization Act," that would give outlets tax deals if they were to restructure as 501(c)(3) corporations. That bill has so far attracted one cosponsor, Cardin's Maryland colleague Sen. Barbara Mikulski (D).

That doesn't sound like a bill that has much support or a chance to be passed, not does it even sound much like a "bailout" to begin with. What it does sound like is a reason for ignorant people who only read headlines to gather at some place and scream and make Hitler signs and watch more Glenn Beck.

[WRESTLINGFAN]

That doesn't sound like a bill that has much support or a chance to be passed, not does it even sound much like a "bailout" to begin with. What it does sound like is a reason for ignorant people who only read headlines to gather at some place and scream and make Hitler signs and watch more Glenn Beck.

Basically they will become non profits and be exempt from federal taxes.



However All the special interests and newspaper lobby (theres probably one set up on K street) will come forward and say if the auto co's and wall st was bailed out why cant the print media get some cash. Let them go bankrupt and restructure, thats why there are laws already on the books

[Furtherman]

Hey, I saw the last season of The Wire.

Doesn't look good.

[TheMojoPin]

Basically they will become non profits and be exempt from federal taxes.



However All the special interests and newspaper lobby (theres probably one set up on K street) will come forward and say if the auto co's and wall st was bailed out why cant the print media get some cash. Let them go bankrupt and restructure, thats why there are laws already on the books

So you're completely making things up.

[HBox]

Basically they will become non profits and be exempt from federal taxes.



However All the special interests and newspaper lobby (theres probably one set up on K street) will come forward and say if the auto co's and wall st was bailed out why cant the print media get some cash. Let them go bankrupt and restructure, thats why there are laws already on the books

Then this definitely isn't a bailout. No corporations is goign to want a paper they own to be non-profit nor would the staff of the paper want to deal with the restrictions that being non-profit would bring. First of all op-eds would definitely not be allowed which might be a good thing overall but they bring in readers and attention to the paper.

Whoever was writing this article's headline should be shot. This isn't a bailout, the word bailout isn't used by the author to describe the bill and few if any papers would want a part of it anyway. The douchebag headline writer just wanted attention for a non-story and he succeeded.

[angrymissy]

So you're completely making things up.

It was listed on Drudge with a bailout headline, so everyone reposts it as a bailout.

[zildjian361]

worked for the The Record in NJ for 12 yrs only ads and Sunday inserts still keep the paper going. classified ads are harldl'y what they were because there's no jobs out there.

[TheMojoPin]

Whoever was writing this article's headline should be shot.

SOCIALIST FASCIST UNITARIAN COMMUNIST MURDERER!

[HBox]

I'm willing to give $50 to GM if they only sell sub-compacts painted pink with lime green racing stripes and a bumper sticker that says "I'm a big fat faggot who only drinks cum."

HBOX'S SUPER AWESOME AUTO BAILOUT!!!!!!

[WRESTLINGFAN]

So you're completely making things up.

How is this making things up? It started with the financial institutions and the auto companies so now every industry will want cash if they are failing, they see the open hand of bailouts and a cushion of taxpayers saving them

[TheMojoPin]

How is this making things up?

By describing a scenario with the newspapers that does not exist in any way, shape or form.

[Dude!]

I'm willing to give $50 to GM if they only sell sub-compacts painted pink with lime green racing stripes and a bumper sticker that says "I'm a big fat faggot who only drinks cum."

so you want them to mass-market
your car?

[lleeder]

We need them for fashion challenges.