Bill seeks to rescue faltering newspapers

Sen. Ben Cardin introduced the Newspaper Revitalization Act to allow newspapers to restructure as nonprofits. In addition to getting a variety of tax breaks and having a similar status as public broadcasters, the papers also would be barred from making political endorsements.

"We are losing our newspaper industry," Cardin said. "The economy has caused an immediate problem, but the business model for newspapers, based on circulation and advertising revenue, is broken, and that is a real tragedy for communities across the nation and for our democracy."

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