NEW HAVEN, Conn. AP - 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.
March 02, 2009 at 12:00 AM
1 minute read
NEW HAVEN, Conn. AP – 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.
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