Cardin’s Paper Plan

8:23 pm EST April 3rd, 2009 | Media | 5 Comments

I still think it’s a waste, but here is some more detail from Sen. Ben Cardin himself about his Newspaper nonprofit plan. Basically I guess he wants to create a loophole where a paper can become a 501c3 and accept ad revenue exempt from taxes. That sounds… like a bad idea. Cardin says its targeted to local papers, but there’s nothing stopping a paper like the NY Times from doing it. And why should papers, unlike other outlets, have their income exempt from taxes? DOA.

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5 Responses to “Cardin’s Paper Plan”

  1. jr says:
    April 3, 2009 at 11:59 pm

    They’ll fail as non-profits too if they continue the laziness of using AP and Creators Syndicate crap

  2. Joe Bacon says:
    April 4, 2009 at 12:58 am

    If the New York Times was a newspaper, I’d have some sympathy for it. But since the advent of the Corporate Controlled Conservative Press (CCCP, now where have I encountered that acronym before?) in the 80s, the New York Times just loves to transcribe a bunch of Republican stenography…

  3. soullite says:
    April 4, 2009 at 1:06 am

    The media screwed itself over and into irrelevency. They decided only elite, right-wing views mattered. Now they only have an elite-right wing audience and they are finding out that it’s not enough. They abdicated their only real duty in a democracy, to act as an outside check on government corruption, and now nobody really stands with them.

  4. Quaker in a Basement says:
    April 4, 2009 at 1:43 am

    Radio stations can do it. TV stations can do it. Why not newspapers?

  5. Duros62 says:
    April 4, 2009 at 11:41 am

    If that would help my local paper let me know when the Grange Hall spaghetti dinner is going to be, I’m all for it.