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Old 05-13-2009, 02:59 PM   #1 (permalink)
Strung Out
 
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Member Since: Feb 2001
Posts: 41,150
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Media reporting to be more accurate...

...in the future.

Local News | Wash. gov OKs tax cut for newspapers | Seattle Times Newspaper

Quote:
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.
Do newspapers really want to be in the same category as a plane maker or tree cutters? If their business models haven't killed them by now, being a department of the government sure will finish them off.
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