The old media wants a bailout for itself


The old media has been in deep trouble for a decade and a half. Now they want  to use the current crisis to save their bacon.

(From Yahoo News)

Many local news organizations are facing “an existential crisis” with the near collapse of advertising revenues, according to a letter from two industry groups to President Donald Trump and congressional leaders.

“We will be engaging with elected representatives in a discussion of options for actions the federal government could take to help sustain our local news ecosystem,” said the letter from the News Media Alliance and America’s Newspapers, which represent hundreds of media groups.

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