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March 25, 2009
Posted: 05:00 PM ET
(PHOTO CREDIT: GETTY IMAGES) FROM CNN's Jack Cafferty: The government might step in and help rescue the struggling newspaper industry. Democratic Senator Benjamin Cardin has introduced a bill that would allow newspapers to operate like nonprofit organizations - kind of like public broadcasting stations. The "Newspaper Revitalization Act" would let newspapers choose a tax-exempt status; they wouldn't be able to make political endorsements anymore, but could report on all issues - including political campaigns. The Maryland senator says his bill is aimed at saving local newspapers, not large conglomerates. He calls the demise of the newspaper industry "a real tragedy for communities across the nation and for our democracy." And he's right. The head of the newspaper industry's trade group calls the bill a positive step; although he agrees the approach may not work for all newspapers. Newspaper subscriptions and advertising revenue have dropped significantly in the last few years with more people getting their news from the internet or cable TV. Several newspapers have either stopped daily publications or announced they may have to stop publishing; while others have filed for bankruptcy protection, had layoffs, or announced employee furloughs. Here’s my question to you: Should the government be involved in saving the newspaper industry? Interested to know which ones made it on air?
Jack from Boynton Beach, Florida writes: Darr from Cleveland writes: Jaden from Birmingham, Alabama writes: Melissa writes: Seth writes: Filed under: Government Journalism News Media
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Jack Cafferty sounds off hourly on the Situation Room on the stories crossing his radar. Now, you can check in with Jack online to see what he's thinking and weigh in with your own comments online and on TV. Send your comments on the "Cafferty File". Jack's Book
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