"WASHINGTON (Reuters) - With many U.S. newspapers struggling
to survive, a Democratic senator on Tuesday introduced a bill to help them by
allowing newspaper companies to restructure as nonprofits with a variety of tax
breaks."
This is a horrible idea, but, on reflection, I can't imagine that the quality of reportage could sink any lower than it already has. At least if they are vassals of the state, we could dictate what kind of curtains they have in their offices and how big a bonus they can pay down at the local newspaper.
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