The Future of Newspapers
Tuesday, September 22, 2009
Newspapers throughout the United States are battling with the Internet to keep its readers and advertising earnings. Several newspapers are being forced to shut down, and plenty of journalists have lost their jobs. The Chicago Tribune and the Los Angeles Times owner Tribune Co. has filed for bankruptcy.
Congress has expressed interest in helping out the newspaper industry; several bills have been introduced that would approve newspaper companies to be considered as nonprofits with tax breaks.
President Obama recently talked about the financial crisis many newspapers are in. "Journalistic integrity, you know, fact-based reporting, serious investigative reporting, how to retain those ethics in all these different new media and how to make sure that it's paid for, is really a challenge," Mr. Obama said. "But it's something that I think is absolutely critical to the health of our democracy."
If this is the case, President Obama better take a good, fast look at the bills trying to be passed through Congress. At the interview, Mr. Obama stated that he had not even seen these bills yet, but he would not mind taking a look at them. The issue of newspapers filing for bankruptcy and journalists losing their jobs is nothing to fool around with. It did not take long for newspapers to lose their readers and money; if this is overlooked for much longer, the newspaper industry will be in a hole too deep to get out.
(Photo Credit Rebecca Coleman)
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