Monday, September 21, 2009

The Boston Globe Lives?

Rumors of its death may have been greatly exaggerated. Let's cut to the chase:

Several bills have been introduced in Congress to aid the newspaper industry, including a Senate measure that would allow newspaper companies to restructure as nonprofits with a variety of tax breaks. The President was noncommittal about the legislation but said: "I haven't seen detailed proposals yet, but I'll be happy to look at them."

Sounds like another industry bailout is in the works. Question: will this turn out to be a case of throwing good money after bad?

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