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Government Bailout of Newspaper Business a Terrible Idea

0 Comments · Tuesday, November 10, 2009
Some veteran and excellent journalists are suggesting a taxpayer bailout for financially floundering (and possibly foundering) daily newspapers. My objection is an old one: "If you accept the Queen's shilling, you dance the Queen's tune." Lower postal rates for newspapers and magazines are a good idea, but direct government financing would be toxic, whether it involved our national dailies, local papers or the Associated Press, a cooperative owned by daily papers.  

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