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Papers Can't Ask for Bailout, Seek Rule Change Instead

Handout would violate journos' watchdog role

By Matt Cantor,  Newser Staff

Posted Jun 3, 2009 1:25 PM CDT

(Newser) – With the industry in dire straits, some in the journalism business want government help—but they’re not looking for a financial bailout, Reuters reports. “That is so clearly contrary to what our role is as a watchdog that it’s just not acceptable,” said a former newspaper editor. What publishers want are legal concessions: changes to antitrust laws, tax breaks, perhaps the ability to become non-profits.

A change in antitrust laws could allow publishers to gather and figure out how to fix the industry. As it stands, “antitrust concerns inhibit even the most rudimentary discussions,” says a newspaper head. The attorney general says he’s not opposed to such a move. But the head of the Federal Trade Commission says “the nature of the problem” needs a closer look first.


Calvin Harden sells the Chicago Sun-Times, Dec. 4, 2006.
Calvin Harden sells the Chicago Sun-Times, Dec. 4, 2006.   (AP Photo)
A copy of the Boston Globe is seen after a home delivery in North Andover, Mass., April 30, 2009.
A copy of the Boston Globe is seen after a home delivery in North Andover, Mass., April 30, 2009.   (AP Photo)
The front page of the New York Times is shown Jan. 5, 2009.
The front page of the New York Times is shown Jan. 5, 2009.   (AP Photo)
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COMMENTS
Showing 2 of 2 comments
Chudluv
Jun 4, 2009 12:01 PM CDT
Another outdated business model that needs to change in the face of new technology. If they cannot adapt to the new "world" then why in the heck should the Government step-in to help.... First try improving your business model without Government intervention and see where it "lands" you. I think we are going to see the in-fighting we saw with large Newspaper Company's that were locking in battle for the mass readers back in the late 1890's to 1930's. If this makes papers go out and work the story's then printing every handout given to them, and investment in new technology; they might not be in the spot they are in now.
NewserHound
Jun 3, 2009 8:34 AM CDT
What Would Wolff Say???
 

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