No, that’s not a typo. With the recent economic downturn, banks and auto manufacturers aren’t the only industries that are looking for a bailout – newspapers might be next. Can you say RED SCARE?!
The Hill newspaper reported that in an interview with the editors of the Pittsburgh Post-Gazette and Toledo Blade, President Obama said he is “happy to look at” federal bailout proposals for the newspaper industry.
It’s no stretch of the imagination to think about the negative opinions that might come out of a newspaper bailout. If the government owns the newspaper, how keen will editors be to run content that challenges the Obama Administration – the same administration that saved their jobs?
As CQ Politics points out in their article, “During the Civil War, Abraham Lincoln’s administration invested in failing Southern newspapers to influence public opinion in favor of the North.” Would these sort of questions come out of a newspaper bailout, or would the president do this out of the goodness of his heart?
There are a lot of questions that come out of this proposal. Now, keep in mind Obama hasn’t even endorsed this idea, nor has he made any steps towards making a proposal, but he is keeping his options open.
Do you think there should be a federal bailout of the newspaper industry? And if there was, what actions should the government take to ensure that newspapers get a better game plan for how to deal with the changing media market? What changes should newspapers take? And can newspapers save themselves soon, so there is no need of a federal bailout?