Newspaper Bailout?


Here we go again. If you missed my post last week as to why the newspaper industry is failing please read it, I don’t want to say everything over again.

Anyway, extra, extra, read all about it, this just in from The Hill.com, President Obama is open to looking into bailing out the newspaper industry.

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).

Gibbs down played the whole thing, with what should be the proper response to this nonsense.

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.”

Then the president goes after political bloggers, as if he can really do anything about it. Then again, if the government has a stake in the newspaper industry maybe he can.

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.

Who still buys into the elitist notion that reporting and commenting on news is only for a few top guys? The blogosphere is one of the best things that’s happened to free speech in America. Once again I will relay to you that bad blogs will not get very many readers, loose credibility, and constantly be challenged by the other side of the isle. As it is, the mainstream media is behind in reporting the news. They are typically slower than bloggers and they often don’t cover certain stories, like the ACORN scandal.

Its not uncommon for media elites to belittle bloggers, check out another post from about a week ago.

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