Is Obama wanting a Bailout for Newspapers?

[Warph]

Obama said he is "happy to look at" the bills before Congress that would give struggling news organizations tax breaks if they were to restructure as nonprofit businesses.

"I haven't seen detailed proposals yet, but I'll be happy to look at them," Obama told the editors of the very liberal Pittsburgh Post-Gazette and Toledo Blade newspapers in an interview:
http://www.toledoblade.com/apps/pbcs.dll/article?AID=/20090920/NEWS16/909200326

Sen. Ben Cardin (D-Md.) has introduced S. 673, the so-called "Newspaper Revitalization Act," that would give outlets tax deals if they were to restructure as 501(c)(3) corporations. That bill has so far attracted one cosponsor, Cardin's Maryland colleague Sen. Barbara Mikulski (D).

So it looks to me that Obama is open to the newspaper bailout bill.  But I gotta say we senior generation trusted the news media to keep our elected officals on the straight and narrow but we are finding to our sorrow that they have not even attempted to do this.  They have become so liberally biased that they only print what is favorable to their stand on any issue, federal, state, and local.  Its not only the newspapers that have become so biased, one only has to look at NBC, MS/NBC, CNN, CBS, ABC and the left wing radio media giants who have become so sure they can control the taxpayers that they have over reached and so we have quit believing in the reporting of any.  A bailout would cover them for the short term but without major back up of readers and listeners and advertisers, they will still fail.  It is getting so the taxpayers no longer trust the banks. the car manufactures or for that matter any major corp.  So, if the govenment is involved, it would be pointless.

ELECTED OFFICIALS ARE TAXPAYERS EMPLOYEES..... WE.... need to treat them as such come 2010 and 2012!

[larryJ]

UH OH!  Sen. Cardin wants to make newspapers non-profit?  Is this a step towards government control of the news media?  Wow, just think if the government could control the media!  Hey, it works in communist countries.  We would have to read or hear what the government wants us to.  But, you say, Hey, Larry, how do you read into this that the government wants to take over?  Look back at the government helping the banks or the auto industry.  These were not made non-profit.  Why not?  If the government wants to "revitalize" the newspaper industry, give them a bailout instead of making them non-profit. 

I can remember when the media was a big influence on government.  I know because I worked for one of them and I saw how the local and state as well as the federal politicians "buttered up" the publishers, editors, producers, etc.  To cross a media giant was a sure ticket to not being elected to anything.  Unfortunately, the media companies have to keep their share holders happy and not necessarily their readers.  The pecking order is advertisers, share holders, politicians, and readers.  You can tick off a few readers, no big deal, and you can maybe not support a politician here and there, that's okay, but when you earn the anger of some share holders, and begin to lose some advertising, now you are in trouble. 

Is this another step towards socialism?

Larryj