NAA: Government Handouts Not Appropriate
The head of the newspaper industry’s largest association for publishers and executives told a congressional committee this morning that newspapers are not looking for government aid.
John Sturm, the president and CEO of the Newspaper Association of America, testified in front of joint economic hearing economic hearing on “The Future of Newspapers.”
In a statement released by the NAA, Sturm told the group that the “industry is not seeking a financial ‘bailout’ or any other kind of special subsidy, something that would not be appropriate for an industry whose core mission is news gathering, analysis and dissemination.”
Sturm did make the following points as to what the NAA supports:
*legislation already introduced that would expand the net operating loss provisions to five years instead of two years benefiting all businesses.
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