Slouching Toward Nowhere
Posted in media on March 27th, 2009 by irv – Be the first to commentThe stream of bad news for newspapers has been almost constant for months. Yesterday, we heard that the New York Times would be cutting pay across the board (New York Times set to impose 5% pay cut on all staff). Last week, Gannett announced 1 week of paid furloughs (2 for higher paid employees) in Q2 of 2009 (Gannett calls for second-quarter furloughs). This is in addition to a week of furloughs imposed on employees in Q1 (where old newspapers go to die). This is exactly the same as a pay cut except with the added bonus of giving people extra free time to stew about it. Who says big companies don’t care about morale?
But wait! There’s hope! US Senator Benjamin Cardin (D-Maryland) (Cardin’s official website) has introduced the Newspaper Revitalization Act, which would allow newspapers to operate as non-profits – That is, as organizations exempt from taxes on their profits because of a stated dedication to a purpose approved by the government as being beneficial to the greater good, as opposed to their common current status as “failing to make a buck in spite of trying REAL HARD.” Apparently the theory is that letting them keep all of the money they make will help them stay healthy (Don’t ask why that doesn’t apply to the rest of us. I don’t know). In order to justify the non-profit designation, papers would no longer be allowed to endorse political candidates (apparently the Senator thinks we don’t know who the papers favor otherwise).
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