Washington rejects rescue plan for US newspapers
The US government has rejected a rescue plan for US newspapers. Although it considers the death of newspapers to be a cause for concern, it has stated that there is nothing it can do.
The US government has rejected a rescue plan for the newspaper industry.
President Barack Obama is convinced of the need for a strong, free press, said government spokesman Robert Gibbs. The White House could do nothing in this area. The death of newspapers in many areas and cities in the USA is nevertheless "worrying and sad", Gibbs admitted on Monday in Washington.
In recent months, a series of newspaper bankruptcies and insolvency proceedings have shaken the US media market. Large daily newspapers in Denver and Seattle, for example, have had to close completely, while others are under creditor protection. The current economic crisis is causing them problems, as is the general migration of advertising customers to the Internet.
The New York Times Group was able to avert the imminent closure of the long-established Boston Globe newspaper for the time being on Monday. The unions accepted a far-reaching savings plan. The Boston Globe could make a loss of 85 million dollars this year.
President Barack Obama is convinced of the need for a strong, free press, said government spokesman Robert Gibbs. The White House could do nothing in this area. The death of newspapers in many areas and cities in the USA is nevertheless "worrying and sad", Gibbs admitted on Monday in Washington.
In recent months, a series of newspaper bankruptcies and insolvency proceedings have shaken the US media market. Large daily newspapers in Denver and Seattle, for example, have had to close completely, while others are under creditor protection. The current economic crisis is causing them problems, as is the general migration of advertising customers to the Internet.
The New York Times Group was able to avert the imminent closure of the long-established Boston Globe newspaper for the time being on Monday. The unions accepted a far-reaching savings plan. The Boston Globe could make a loss of 85 million dollars this year.
