from The Guardian
US local news outlets need tax breaks to help save democracy, says advocate
Steven Waldman says a new initiative, Rebuild Local News, wants to revitalize hundreds of outlets decimated by the industry
Local news organizations across the United States need to be given serious government financial help, especially in the form of tax breaks, in order to stave off a crisis in the media sector and help save US democracy, a leading advocate for local journalism has said.
Steven Waldman, co-founder of Report for America, said a new initiative, called Rebuild Local News, wanted to revitalize hundreds of local news outlets across America decimated by changes in the industry, shifts in the sector’s advertising revenue structure and more recently, the pandemic.