Kerry: Radio, TV Could Face Same Trouble As Papers
May 7, 2009 at 5:15 AM (PT)
Sen. JOHN KERRY (D-MA) warned a Senate hearing on the woes of newspapers WEDNESDAY (5/6) that radio and TV could be in the same dire straits "in a matter of a few years." KERRY, in a statement to the hearing, called newspapers "an endangered species" due to the "power, efficiency and technological elegance of the Internet." On the issue of newspaper-broadcast cross-ownership, KERRY told the panel, "you are whistling past the graveyard if you think that relaxing cross-ownership rules will save newspapers."
At the hearing, Sen. BEN CARDIN (D-MD) discussed his proposal to aid newspapers by allowing some to operate as non-profits for tax purposes, which he characterized not as a bailout but as allowing communities to come together to save a local newspaper." Also discussing the newspaper industry's troubles were HUFFINGTON POST founder ARIANNA HUFFINGTON and "THE WIRE" producer and former BALTIMORE SUN reporter DAVID SIMON.