Bill Would Use Tax Breaks To Boost Local Journalism

By John Eggerton, Multichannel News, 7-23-21

A group of senators has introduced the Local Journalism Sustainability Act of 2021, which would provide tax credits for hiring more journalists, for people subscribing to media outlets, and for small businesses that will support local media with advertising dollars.

The goal is to “revive and sustain trusted local media,” in which broadcast TV and radio play a central role. The credits go to support local newspapers, digital news operations, TV, and radio.

Introducing the bill were Sen. Maria Cantwell (D-Wash.), chair of the Senate Commerce Committee, along with Sens. Mark Kelly (D-Ariz.) and Ron Wyden (D-Ore.).  » Read More