Govt will need to help shape U.S. media–Waxman
December 2, 2009 by John Poirier
WASHINGTON – A top Democratic lawmaker predicted on Wednesday that the government will be involved in shaping the future for struggling U.S. media organizations.
House Energy and Commerce Committee Chairman Henry Waxman, saying quality journalism was essential to U.S. democracy, said eventually government would have to help resolve the problems caused by a failing business model.
Waxman, other U.S. lawmakers and regulators are looking into various options to help a newspaper industry hurt by the shift in advertising revenues to online platforms.
Tweaks to the tax code to allow newspapers to spread losses over a greater number of years, providing a nonprofit structure to allow for public and foundation funding, and changes to antitrust laws are being considered by lawmakers and policymakers.
Did Rep. Waxman ever think perhaps the news industry is suffering because they offer a crap product? Perhaps journalists should stop being the media arm of the Democratic Party.
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