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Extra….Extra… Read All About It



May 13, 2009 5 Comments ›› Erik Wong

extra

http://seattletimes.nwsource.com/

The newspaper bailouts begin

Wash. gov OKs tax cut for newspapers

Gov. Chris Gregoire has approved a tax break for the state’s troubled newspaper industry.

OLYMPIA, Wash. —

Gov. Chris Gregoire has approved a tax break for the state’s troubled newspaper industry.

The new law gives newspaper printers and publishers a 40 percent cut in the state’s main business tax. The discounted rate mirrors breaks given in years past to the Boeing Co. and the timber industry.

Newspapers across the country have resorted to layoffs and other cost-cutting moves to deal with a wounded business model and a recession-fueled drop in advertising.

The Seattle Post-Intelligencer printed its final edition earlier this year and was converted to an Internet-only publication with a much-reduced staff.


  • DesignR

    This buys newspapers and other failing MSM news outlets time. But, without a serious influx of money, the slide to oblivion continues.

    Only Obama’s government purse can stem this tide. Will he have the guts to do it?

    Yup.

  • YERMOM

    anyone that lives in the area that this happens should immediately claim that they are a newspaper start up and start claiming the tax break.

  • Clutch250f

    lol welcome to washington state my friends, she’ll bailout the newspaper but require us to pay sales tax on every online purchase because only the rich are benefiting from online buying. Oh did i mention we have one of the highest state deficits? Yea wonderful ever green state.

  • aboutTObegin

    just wait till the national healthcare bullshit comes your way Clutch…..gonna be supporting illegals and maybe even terrorists….wow, we have such a FUCKED UP government now, its not even funny anymore! they HAVE TO GO!

    -aTb

  • SunDevilDog

    Let them have the state sponsored bailout. This will further facilitate bailout fatigue and thus cause additional resentment towards the print industry. Just like the resentment felt by people that refuse to buy Chrysler or GM vehicles.

    This story needs to be broadcasted to as many Washington residents as possible.