A friend posted a link on Facebook tonight to the Reuters article about the senate bill introduced today that would allow newspapers to restructure as nonprofits.
Now, I clearly work for a nonprofit news source, so I believe in the concept.
But riddle me this: says the article "Cardin's office said his bill was aimed at preserving local and community newspapers, not conglomerates which may also own radio and TV stations."
The Reuters report later lists the papers that have ceased or reduced publication -
Seattle P-I - owned by Hearst (28 TV stations)
Rocky Mountain News - E.W. Scripps (10 TV stations)
Baltimore Examiner - part of a media group of newspapers, but the owner also owns stakes in a number of professional sports teams, movie theatres, radio stations
SF Chronicle - see Hearst
He then mentions Gannett, Advance and Tribune.
Community newspapers, according to the National Newspaper Association's 4th quarter 2008 results, are outperforming the industry at large by 14%. Larger metros were down 20%, the industry 21% and community papers - 6.6% (Full NNA report >).
Forest, meet trees, trees, meet kettle, kettle, meet - oh, nevermind.