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Article: SENATOR CARDIN INTRODUCES BILL THAT WOULD ALLOW AMERICAN NEWSPAPERS TO OPERATE AS NON-PROFITS

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US Fed News Service, Including US State News
Article date:
November 3, 2009
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WASHINGTON, March 26 -- The office of Sen. Benjamin Cardin, D-Md., has issued the following news release:

U.S. Senator Benjamin L. Cardin (D-MD), today introduced legislation that would allow newspapers to become non-profit organizations in an effort to help the faltering industry survive.

In recent months, the Seattle Post-Intelligencer, the Rocky Mountain News, the Baltimore Examiner and the San Francisco Chronicle, among others, have either ceased daily publication or announced that they may have to stop publishing. A number of other publications, including newspapers owned by the Tribune Company, owners of The Baltimore Sun, have filed for bankruptcy or have had to institute severe ...

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