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Decline in Newspapers Renews Idea of Nonprofits
Fox News / AP ^ | Monday, March 02, 2009 | Associated Press

Posted on 03/02/2009 4:29:39 AM PST by deaconjim

NEW HAVEN, Conn. — As sharp revenue reductions put the future of many U.S. newspapers in doubt, one idea gaining attention is the conversion of newspapers into tax-exempt nonprofits supported by large endowments.

Although viewed by many as a long shot at best, such a radical change could be a savior for the industry and its vital role in a democracy.

That's why the endowment model is drawing renewed attention as newspapers impose massive layoffs, scale back home delivery and make other drastic cuts to counter plunging advertising revenue amid a recession that has compounded struggles from the migration of readers to the Internet.

David Swensen, who managed one of the world's largest endowments as chief investment officer at Yale University, said endowments "would enhance newspapers' autonomy while shielding them from the economic forces that are now tearing them down."

"By endowing our most valued sources of news we would free them from the strictures of an obsolete business model and offer them a permanent place in society, like that of America's colleges and universities," he wrote in a recent opinion piece in The New York Times.

But first, the idea must overcome skepticism from the very newspapers that stand to benefit. Critics say endowments also could beholden newspapers to their large donors, and giving newspapers tax-exempt status could restrict them from endorsing candidates and running editorials on pending legislation.

(Excerpt) Read more at foxnews.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: deathwatch; media; newspapers
A slow, painful death is an ugly thing to watch. How long do you think it will take to make them publicly funded?
1 posted on 03/02/2009 4:29:39 AM PST by deaconjim
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To: deaconjim

Personally, I think many of them are operating as “non-profits” now, they just don’t have that status with the IRS.


2 posted on 03/02/2009 4:30:36 AM PST by deaconjim (Because He lives...)
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To: deaconjim

newspapers are not vital to democracy, freedom of speech is.


3 posted on 03/02/2009 4:31:02 AM PST by driftdiver (I could eat it raw, but why do that when I have a fire.)
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To: deaconjim
Already posted and discussed, here: Idea of non-profit newspapers floated

I write this not as the posting police but rather to illustrate how newspapers are just so inefficient at delivering news that we already heard about yesterday. Printed newspapers are this generation's buggy whip.

4 posted on 03/02/2009 4:33:15 AM PST by NonValueAdded (May God save America from its government; this is no time for Obamateurs)
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To: deaconjim
They should not have tax liability posting hugh losses.
5 posted on 03/02/2009 4:39:34 AM PST by carumba (The secret of life is honesty and fair dealing. If you can fake that, you've got it made. Groucho)
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To: deaconjim
Newspaper have no legitimate role in our society if they can't support themslves. If the product they are selling can't be sold at a profit, they deserve to die.

My town does just fine without a town crier; I suspect your does too. That role disappeared when it no longer served a purpose. There is no role for an obsolete technology riven with an oppressive political agenda. Good bye

6 posted on 03/02/2009 4:40:57 AM PST by muir_redwoods ( O.B.A.M.A. = One Big Asinine Mistake, America)
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To: deaconjim
"By endowing our most valued sources of news we would free them from the strictures of an obsolete business model and offer them a permanent place in society, like that of America's colleges and universities," he wrote in a recent opinion piece in The New York Times.

Will the government give us "subscription" aid so we can all afford the "right" to have a newspaper forced upon us? (Sarcasm off)

7 posted on 03/02/2009 4:41:59 AM PST by CPOSharky (Zero: I don't care about the country as long as I'm in charge. Forever.)
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To: deaconjim
"By endowing our most valued sources of news we would free them from the strictures of an obsolete business model and offer them a permanent place in society, like that of America's colleges and universities,"

Yeah Right!

As it is, government budgets are brimming with secret and hidden "grants" to nonprofits. If you think the "media" is biased now as a private-sector entity, just wait till they have a true financial allegiance to the gubmint.

8 posted on 03/02/2009 4:45:36 AM PST by ROCKLOBSTER (RATs...nothing more than Bald Haired Hippies!)
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To: deaconjim

Just nationalize the NYT and rename it Pravda.


9 posted on 03/02/2009 4:50:29 AM PST by NewHampshireDuo (Earth - Taking care of itself since 4.6 billion BC)
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To: deaconjim
vital role in a democracy.

American daily newspapers no longer play a vital role in democracy. They do play a vital role in the rise of communism in America.

Since American daily newspapers are now just another arm of big government, it seems logical big government would want to financially support them.

Subsidizing daily newspapers will not solve their biggest problem:

Few want to read them.

Their biggest support base CANNOT read them due to their functional illiteracy.

10 posted on 03/02/2009 4:57:27 AM PST by NoControllingLegalAuthority
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To: deaconjim

I do not want newspapers to take my tax money and use it to tell me that I am wrong. If they can’t make it in the market, they have no business continuing operations.


11 posted on 03/02/2009 4:59:48 AM PST by gridlock (BTW, Mods... It might be time to add "Barack" and "Obama" to spellcheck)
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To: deaconjim
The New York Times now has a problem familiar to sluts everywhere. They have been giving it away for so long, nobody wants to pay for it when they go to sell it.
12 posted on 03/02/2009 5:01:38 AM PST by gridlock (BTW, Mods... It might be time to add "Barack" and "Obama" to spellcheck)
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To: ROCKLOBSTER
As it is, government budgets are brimming with secret and hidden “grants” to nonprofits. If you think the “media” is biased now as a private-sector entity, just wait till they have a true financial allegiance to the gubmint.

Every congress critter has his hands in how many non profits? They are accountable to no one and that is why critters have them.
13 posted on 03/02/2009 5:03:23 AM PST by PeterPrinciple ( Seeking the truth here folks.)
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To: deaconjim

How is management going to sell the idea to the shareholders?

“I have this great idea. It’s too hard to make a profit so let’s just quit trying. Brilliant no?”

Well guess what boys, even non-profits that loose a ton of money go out of business.


14 posted on 03/02/2009 5:06:25 AM PST by DManA
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To: deaconjim
How long do you think it will take to make them publicly funded?

If we publicly fund them then they are by definition no longer a "free" press.

15 posted on 03/02/2009 5:09:41 AM PST by The_Victor (If all I want is a warm feeling, I should just wet my pants.)
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To: deaconjim
one idea gaining attention
the endowment model is drawing renewed attention

Uh-oh, another one of those inanimate objects being operated like a hand puppet by an AP reporter. This one is "gaining attention" all by itself, as if the reporter were not responsible for focusing attention on it by writing about it.

A truly honest AP reporter would have said, "One idea that we AP reporters would like to promote is to have rich people donate lots of money to the newspapers so that they will keep funding the AP. Otherwise we here at the AP are all gonna get laid off as the newspapers tank."


16 posted on 03/02/2009 5:14:28 AM PST by Nick Danger (www.swiftvets.com)
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To: NewHampshireDuo

Pravda was too pro-American for the Times


17 posted on 03/02/2009 5:29:23 AM PST by sticker
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To: deaconjim

What a shame Obama just made non-profits pretty much obsolete by taking about deductions for donations.


18 posted on 03/02/2009 5:30:20 AM PST by autumnraine (Freedom's just another word for nothing left to lose- Kris Kristoferrson VIVA LA REVOLUTION!)
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To: deaconjim
As sharp revenue reductions put the future of many U.S. newspapers in doubt, one idea gaining attention is the conversion of newspapers into tax-exempt nonprofits supported by large endowments. Ubumbu's Ministry of Propaganda, paid by the Taxpayer, like NPR.
19 posted on 03/02/2009 5:36:26 AM PST by Gorzaloon (Roark, Architect.)
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To: Nick Danger

If anyone is listening to any of the NPR stations, or the stations that host the BBC broadcasts in the US, they are in HEAVY, HEAVY, non-stop fund-raising cycles right now — probably because corporate givers have scaled back as part of general belt-tightening.

It occurred to me that, unlike newspapers (where the advertisers are just plain going away, for good, because there are better economic alternatives), these radio stations can literally nag people to death, and by making such a public spectacle they will eventually hook on the the teat of some new Obama-generation funding mechanism (i,e, public stimulus funding, or foundation hostile take-overs).

And therefore — if public radio can succeed, newspapers might follow. And of course they would then perfect their style to maximize this type of appeal already defined by NPR, and so we would then have ALL MEDIA in the same pose as NPR, meaning snarky, leftist-deranged, America-loathing, class hatred on display, un-apologetically, all-the-time. (Think Keith Olbermann on every station).

What a world...


20 posted on 03/02/2009 5:41:55 AM PST by WL-law
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To: deaconjim

National Public Re-education, that’s just what we need. We already have an NPR.


21 posted on 03/02/2009 5:44:21 AM PST by AmericanVictory
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To: muir_redwoods

The existence of a newspaper is not of any benefit to our country. It is only a benefit if people read it, sort of like the proverbial tree falling in the woods. Keeping them alive artificially is a sure sign they need to die.


22 posted on 03/02/2009 5:46:26 AM PST by deaconjim (Because He lives...)
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To: WL-law

public radio does not need money any more. Some rich widow left all her money 300 million? to NPR.

Newpapers are failing because of content. No readers mean no eyes to see advertising.


23 posted on 03/02/2009 5:50:21 AM PST by longtermmemmory (VOTE! http://www.senate.gov and http://www.house.gov)
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