A bipartisan group of U.S. lawmakers called on Sunday for expanding payroll assistance to struggling local newspapers and broadcast stations that have seen advertising revenue plummet during the coronavirus pandemic.
Democrat Senators Maria Cantwell and Amy Klobuchar and Republicans John Kennedy and John Boozman urged Senate leaders to revise the rules to make thousands of local newspapers, TV and radio stations eligible for assistance under the Paycheck Protection Program.
Many local outlets are ineligible because they are owned by parent companies too large to qualify.
"Ensuring that local news outlets remain viable at this critical time is not only a matter of fairness, but is essential to public health," the senators wrote in a letter.
On Sunday, officials said U.S. lawmakers were close to an agreement on approving extra money to help small businesses hurt by the coronavirus pandemic and could seal a deal soon.
The four senators said local newspapers had lost as much as 50% of advertising revenue, while the National Association of Broadcasters (NAB) says some local broadcasters have reported as much as a 90% loss in advertising revenues.
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13 comments:
Isn't that special? The people that bash Trump day and night now have their hand out to him.
I know what I would put in it if I was him.
No-to hell with the MSM.
Bulls—t! Let them die.
Thousands of local newspapers, TV and radio stations were limping along before the pandemic. Please let this be the final nail in their coffin and allow them to go with dignity. In nature it is called natural selection, in economics it’s considered free markets.
This is wrong in so many ways.
Man, you got it.
Abolish NPR & MPT!
Welcome to the “club” MSM.
Expose who owns them and let the owners fund their own rags and bird cage liners.
You are a fat, fascist asshole and I hope your business fails.
You are a fat, fascist asshole and I hope your business fails.
You are a fat, fascist asshole and I hope your business fails.
You are a fat, fascist asshole and I hope your business fails.
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