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1 Obama open to newspaper bailout bill on Mon Sep 21, 2009 4:12 pm

rosco 357


Veteran
the part i posted is the news article, and not the blog part,

Obama open to newspaper bailout bill
By Michael O'Brien - 09/20/09 04:24 PM ET
http://thehill.com/blogs/blog-briefing-room/news/59523-obama-open-to-newspaper-bailout-bill


The president said he is "happy to look at" bills before Congress that would give struggling news organizations tax breaks if they were to restructure as nonprofit businesses.

"I haven't seen detailed proposals yet, but I'll be happy to look at them," Obama told the editors of the Pittsburgh Post-Gazette and Toledo Blade in an interview.

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).

White House Press Secretary Robert Gibbs had played down the possibility of government assistance for news organizations, which have been hit by an economic downturn and dwindling ad revenue.

In early May, Gibbs said that while he hadn't asked the president specifically about bailout options for newspapers, "I don't know what, in all honesty, government can do about it."

Obama said that good journalism is "critical to the health of our democracy," but expressed concern toward growing tends in reporting -- especially on political blogs, from which a groundswell of support for his campaign emerged during the presidential election.

"I am concerned that if the direction of the news is all blogosphere, all opinions, with no serious fact-checking, no serious attempts to put stories in context, that what you will end up getting is people shouting at each other across the void but not a lot of mutual understanding," he said.

2 Re: Obama open to newspaper bailout bill on Mon Sep 21, 2009 7:56 pm

SSC


Admin
Ohh Geez, wonder if the papers will only be Obama friendly in their reporting, kinda like the mass media bonanza of the week-end..Getting tired of seeing him on every channel, maybe he will do the Home Shopping Network next ,big crowd of bored women there...

3 Re: Obama open to newspaper bailout bill on Tue Sep 22, 2009 1:50 pm

runawayhorses


Owner
SSC wrote: maybe he will do the Home Shopping Network next ,big crowd of bored women there...
He could sell Mack Daddy t-shirts, make a fortune..

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