File this one under “news that belongs in The Onion”. All emphasis mine:
With many U.S. newspapers struggling to survive, a Democratic senator on Tuesday introduced a bill to help them by allowing newspaper companies to restructure as nonprofits with a variety of tax breaks.
“This may not be the optimal choice for some major newspapers or corporate media chains but it should be an option for many newspapers that are struggling to stay afloat,” said Senator Benjamin Cardin.
A Cardin spokesman said the bill had yet to attract any co-sponsors, but had sparked plenty of interest within the media, which has seen plunging revenues and many journalist layoffs.
Cardin’s Newspaper Revitalization Act would allow newspapers to operate as nonprofits for educational purposes under the U.S. tax code, giving them a similar status to public broadcasting companies.
Under this arrangement, newspapers would still be free to report on all issues, including political campaigns. But they would be prohibited from making political endorsements.
Translation: “Tell you what, we’ll carve out favorable loopholes for you small-time papers, if you ease up on us. Pay no attention to that whole 1st Amendment thing, let the conglomerates do the talking”.
This is missing the point anyway, the reason newspapers are suffering is because the “paper” part of the word is outdated, & the quality of the “news” part suffers due to the documented groupthink handed down from the conglomerates. At least the “paper” part is not only easily solved, but is in the process of solving itself: web format.