Quote of the Day: Newspaper Bailout EditionPosted: September 24, 2009
“The newspaper industry is not seeking a financial “bailout” or any other kind of special subsidy. We don’t believe direct government financial assistance is appropriate for an industry whose core mission is news gathering, analysis and dissemination. From a business perspective, we are happy to be treated no differently than other local businesses. However, there are certain steps that Congress can take, in the short term, that will assist all businesses — including ours — that are attempting to stabilize their financial situations.”
~John Sturm, CEO of the Newspaper Association of America, before congress on 9/24/2009
Full story and copy of his statement at All Things D.