Rep. Newhouse delivers welcome bipartisan support for a free press
One would encourage people to subscribe to their local newspaper — in print and digital — by providing subscribers with a five-year tax credit of up to $250 annually. That could pay up to 80% of the subscription cost in the first year and 50% in the next four years. This would be especially helpful for small dailies and weeklies.
People who read newspapers, either in print or digitally, tend to be regular voters and are more likely to be civically engaged. That’s good for everyone.
Finally, the bill would provide a nonrefundable tax credit to small- to medium-sized businesses that advertise in local newspapers, print or digitally, or on local radio and television stations. Again, there’s a double benefit in that this will help those other struggling businesses reach potential customers.
Study: Private equity firms buying newspapers cut local news
Vulture capitalists are circling my old newspaper. Here’s why we need to fight them off.
How the Local News Crisis Affects Coverage of COVID and Climate – and Vice Versa