Nonprofit Newspapers?

A few weeks ago I wrote a column arguing that the government shouldn’t just stand on the sidelines as newspapers around the country lay off reporters and cut content.

The government can act to protect newspapers from Wall Street’s typical pattern of greed.

In addition to public funding for newspaper journalism, Washington could offer tax incentives for investment in newspapers or for the transfer of newspaper assets into nonprofit entities, like foundations, that won’t demand profit margins of 15% or more.

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