Nonprofit Newspapers? No Thanks
We briefly touched on Maryland Sen. Ben Cardin’s proposal to allow newspapers to choose tax-exempt status earlier this week, but thought the topic deserved further attention. So, to recap:
On the 24th, Cardin introduced a bill that would allow newspapers to operate as a nonprofit. He says the bill is aimed at preserving local newspapers, not large newspaper conglomerates.
From the AP: “Cardin said his proposal may not be the best choice for some major newspapers, but “should be an option for many newspapers that are struggling to stay afloat.”
Under
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in