Cardin and Mikulski sponsor S. 673 "Newspaper Revitalization Act"

The Hill: Obama open to newspaper bailout bill By Michael O'Brien

09/20/09

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).

Read more here: http://thehill.com/blogs/blog-briefing-room/news/59523-obama-open-to-newspaper-bailout-bill

20090920 sdosm Obama open to newspaper bailout bill

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