Login or Register
Welcome , Settings |  Logout

Gibbs: No Bailout For Newspaper Industry

Monday, 04 May 2009 08:33 PM

Share:
More . . .
A    A   |
   Email Us   |
   Print   |

The White House on Monday expressed "concern" and "sadness" over the state of the ailing US newspaper industry, but made clear that a government bailout was not in the cards.

"I don't know what, in all honesty, government can do about it," White House spokesman Robert Gibbs told reporters. "That might be a bit of a tricky area to get into given the differing roles."

Gibbs was responding to a reporter who asked what the White House thought about the recent closure of several US newspapers and a threat to shut down the venerable Boston Globe.

"Obviously (President Barack Obama) believes there has to be a strong free press," the spokesman said. "I think there's a certain concern and a certain sadness when you see cities losing their newspapers or regions of the country losing their newspapers."

US newspapers have been grappling with a steep drop in print advertising revenue, steadily declining circulation and the migration of readers to free news online.

A US senator recently introduced legislation aimed at helping US newspapers by giving them tax breaks as non-profit organizations, an arrangement similar to that enjoyed by public broadcasting outlets, which survive on tax-deductible contributions from listeners.

Advertising and subscription revenue would be tax exempt and contributions to support coverage or operations would be tax deductible.

Copyright AFP 2008, AFP stories and photos shall not be published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium

-

Share:
More . . .
   Email Us   |
   Print   |
Around the Web
Join the Newsmax community.
Register to share your comments with the community. Already a member? Login
Note: Comments from readers do not necessarily reflect the viewpoint of Newsmax Media. While we attempt to review comments, if you see an inappropriate comment you can block it by rolling over the comment, clicking the down arrow and selecting "Flag As Inappropriate."
blog comments powered by Disqus
 
Email:
Country
Zip Code:
 
Hot Topics
Top Stories
Around the Web
You May Also Like

British MP Norman: Edmund Burke Would Tell GOP 'Band Together'

Monday, 20 May 2013 19:52 PM

Edmund Burke would tell today's Republicans they need to band together instead of getting sidetracked by their own diffe . . .

Fla. Gov. Scott Signs Budget, Vetoes Tuition Hike

Monday, 20 May 2013 18:50 PM

 . . .

Conservative Wins RNC Spot in Massachusetts

Monday, 20 May 2013 16:52 PM

In a surprise move, the Republican State Committee of Massachusetts chose the most conservative of three candidates as t . . .

 
 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved