Franklin Center - Do You Support a Newspaper Bailout?

Last week, the Federal Trade Commission released a 47-page staff discussion draft purposed for “reinventing journalism.” The draft discussion entitled "Potential Policy Recommendations to Support the Reinvention of Journalism," outlines major government intervention to help the struggling newspaper business.

Among the numerous proposals mentioned in the document are:

  • the creation of a "journalism" division of AmeriCorps, the federal program that places 75,000 people with local and national nonprofit groups annually;
  • tax credits to news organizations for every journalist employed;
  • establishing citizenship news vouchers, which "would allow every American tax payer to allocate some amount of government funds to the non-profit media organization" of their choice;
  • increased funding for public radio and television;
  • providing grants to universities to conduct investigative journalism;
  • increased postal subsidies for newspapers and periodicals;
  • a 5 percent tax on consumer electronics, which would generate roughly $4 billion annually, to pay for increased public funding.

We at Franklin Center released a press statement about the idea of expanding government influence on journalism and you can find that here. But we would like to see what you think about this idea by answering the poll on our website. Your opinions are important to us so please vote by clicking here. Also, please forward this to any of your friends and family who believe in independent journalism.

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