Bailout for newspapers? Why is President Obama saying he'd consider it?
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PostPosted: Mon, Sep 28 2009, 8:52 pm EDT    Post subject: Bailout for newspapers? Why is President Obama saying he'd consider it? Reply with quote

Nobody in their right mind believes the future of the news business involves paper and ink rather than pixels on a screen. We all know where the news business is headed, and what's more, we've known it for at least a decade. So why on earth are people talking about a bailout for newspapers? Why is President Obama saying he'd consider it? Why is Congress holding hearings and considering "The Newspaper Revitalization Act" in a bid to save these ailing old rags with tax breaks and other handouts? It's like introducing legislation to save horse-drawn carriages, or steam engines, or black-and-white TV. It's stupid. It's pointless. It won't work.

http://blog.newsweek.com/blogs/techtonicshifts/archive/2009/09/27/don-t-bail-out-newspapers-let-them-die-and-get-out-of-the-way.aspx
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