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The news business' tenuous hold on profitability has threatened its sustainability and requires massive government involvement, according to a new 'report' authored by Michael Schudson, a professor at the Columbia Journalism School.
"American society must now take some collective responsibility for supporting news reporting through varying combinations of philanthropy, subsidy and government policy."
In other words, newspapers need a federal bailout like General Motors, with all the government control that implies.
Among their alarmingly anti-competitive recommendations:
- A national Fund for Local News paid with taxes the Federal Communications Commission collects from or could impose on telecom users, broadcast licensees or Internet service providers.
- A gigantic ramping up of public [GOVERNMENT] radio and television, reoriented to provide significant local news reporting in every community served by public stations.
- Universities and colleges becoming institutional sources of local, state and accountability news reporting...
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