New York will set aside money to help local news outlets hire and retain employees

[Tall Timbers]

ALBANY, N.Y. (AP) — New York is offering up to $90 million in tax credits for news outlets to hire and retain journalists in an effort to help keep the shrinking local news industry afloat.

The U.S. newspaper industry has been in a long decline, driven by factors including a loss in advertising revenue as outlets have moved from primarily print to mostly digital. That prompted state lawmakers to help in a measure passed in the state budget.

New York’s three-year program allows some news organizations to tap into refundable tax credits each year, with a single outlet able to receive tax credits of up to $320,000 annually.

New York will set aside money to help local news outlets hire and retain employees - Breitbart

New York is setting aside $90 million in tax credits for local news outlets to hire and retain journalists New York will set aside money to help local

www.breitbart.com

There's a million ways to misuse public monies. I'd say this is one of them.

 

[Hol]

There's a million ways to misuse public monies. I'd say this is one of them.

 

[mattfivefour]

The U.S. newspaper industry has been in a long decline, driven by factors including a loss in advertising revenue as outlets have moved from primarily print to mostly digital.

That's a reason; but it's not THE reason. The real reason is the abandonment of journalistic principles in favor of partisan perspectives. When newspapers (and, for that matter, television and radio) began looking at news as a profit center rather than a public service, they stopped funding newsrooms and good newsroom staff. Instead they took the quick and easy route, turning to sensationalism, and telling people what they wanted people to know, rather than what the people needed to know in order to make sound decisions for their families, their finances, their futures and their freedoms. When newspapers stopped giving the news and began giving propaganda --hyperbole, fabrication, and hype-- people stopped reading. Including me (and I worked in journalism for over a quarter of a century.) Why would I pay someone to feed me lies?

 

[Margery]

That's a reason; but it's not THE reason. The real reason is the abandonment of journalistic principles in favor of partisan perspectives. When newspapers (and, for that matter, television and radio) began looking at news as a profit center rather than a public service, they stopped funding newsrooms and good newsroom staff. Instead they took the quick and easy route, turning to sensationalism, and telling people what they wanted people to know, rather than what the people needed to know in order to make sound decisions for their families, their finances, their futures and their freedoms. When newspapers stopped giving the news and began giving propaganda --hyperbole, fabrication, and hype-- people stopped reading. Including me (and I worked in journalism for over a quarter of a century.) Why would I pay someone to feed me lies?

BINGO!!! As a consumer I refuse to pay good money just to read/watch/listen to govt propaganda and leftist indoctrination.

 

[Ronnie]

Why would they want to prop up failing news agencies, money ill spent.

 

[Batman]

It just proves once again that there is an infestation AND they take care of their own. You would think outside or tax money would either eventually run out or a major backlash would occur to prevent such spending, but not in our society today. The money just keeps on being funneled toward the infestation.

 

[Baby Yoda]

 

[Ghoti Ichthus]

Moles/political officers
Don't think there won't be strings attached . . . TPTB are having a hard time with the First Amendment.

Just like USSR used to do with Tass (news agency) and Pravda (newspaper)

(and in military units)