Rep. Maloney introduces Newspaper Revitalization Act
“The Philadelphia Inquirer, The Seattle Post-Intelligencer, The Rocky
Mountain News, San Francisco Chronicle, and The Baltimore Sun are all
facing steep drops in advertising and subscription revenue due to the
double-whammy of the recession and competition from the internet,” Rep.
Maloney said. “Unless something is done, and done fast, it’s likely
that many metropolitan areas may soon have no local daily
newspapers—and that would damage our democracy. Providing this option
to structure their business would be a way for a community or local
foundations to preserve their local paper.”
Newspapers are an essential component to our free democratic society. Studies have shown that areas where daily newspapers have gone out of business there has been a rise in corruption in government and plummeting civil engagement in politics. With the state of the current newspaper model, dependent on advertising and circulation revenue, it will be difficult for newspapers to maintain and produce high quality news without bold changes.
# # #
For the complete text of the bill, click here.