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Congress to Bail Out Ailing Newspapers?

Original post made by Sun and Sand, Embarcadero Oaks/Leland, on Mar 27, 2009

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I'm not sure how I feel about this. On the one hand, there is a real paucity of really excellent reporting on the national level - both in print and the electronic media. However, this bill is aimed at small local newspapers, because there is a fear that those papers will disappear over time.

What's puzzling about this is that small, local papers are actually better positioned to survive the Internet's disintermediation than the large national chains, because small locals bring the kind of news that only local reporting can provide.

Keeping small papers from editorializing, as this bill promises to do if passed, would be of virtually no consequence, because small local and large daily newspapers are effectively editorializing anyway, in the choice of their news output, what they decide to cover, etc. etc.

I really don't want my tax dollars going to support yet another enterprise sector that has failed to adapt! Steel, Auto's, Banks, noe newspapers?? What's next? the plumber?

Comments (3)

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Posted by Eric
a resident of Green Acres
on Mar 27, 2009 at 10:28 pm

Having our Government bail out businesses that can't make a profit will be a huge waste of money because after you've given them all this money they will be continually coming back for more to keep them afloat.

Europe is taking a different tack. Sweden will let Saab go into bankruptcy and France will let their ailing newspapers collapse. Britain and Germany have said they will not prop up either Vauxhall or Opel both GM subsidiaries; however the U.S. taxpayers may through their financial support of GM.

Meanwhile, the European employees of AIG are refusing to give their bonuses back, so again the U.S. taxpayers are financially rewarding foreign nationals in foreign countries over which they have no legal jurisdiction.

Frankly, I find Obama's naivety disturbing.


 +   Like this comment
Posted by Stop the Graft
a resident of another community
on Mar 27, 2009 at 10:48 pm

NO

This is getting silly.

Why are these Americans worth more than the Blacksmith or the Sugarcane industry.

Either people want the product or they do not. Clearly the people aren't buying the newspapers. When people don't buy why would a real business waste money on worthless advertising that does not reach the audience?


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Posted by Perspective
a resident of Midtown
on Mar 28, 2009 at 6:14 am

I agree. There is a paucity of quality papers. Let the poor ones die out so good ones can rise up. These papers are dying because they are more expensive than toilet paper and not worth the extra money.They are dying for many reasons, but one of them is that more people are realizing that these papers are propoganda left wing rags, not newspapers, and aren't willing to support them. There are plenty of free sources of propoganda.

The Daily Post here is a good example of at least trying to report on every aspect of news, not just the filtered, AP, one. Let's hope that a few others can fight their way up also.

Under no circumstances should tax money support any more "news" sources. ( PBS and NPR are enough, and I wish they would stop being supported with taxes as well, since they are so political).


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