"We are losing our newspaper industry," said Cardin. "The economy has caused an immediate problem, but the business model for newspapers, based on circulation and advertising revenue, is broken, and that is a real tragedy for communities across the nation and for our democracy."
Friday, March 27, 2009
Could Nonprofit Status Save Local Newspapers?
Sen. Benjamin Cardin, D-Md, introduced a bill on Tuesday designed to save struggling local newspapers -- allow them to choose tax-exempt status.