Newspapers as Non-profits…why not?
From Editor and Publisher:
A newspaper company, like a public broadcaster, could be organized as a not-for-profit, tax-exempt corporation. It could still sell papers and advertising, it could still develop new Internet revenues, it would still pay market wages and salaries (or maybe better), it could re-invest in improving its own staff and facilities and operations, it just couldn’t make a profit. And it wouldn’t pay taxes or dividends.
As newspaper ads move to the web, draining a key source of revenue, we are going to be reading more theorizing like the above.
h/t: Marginal Revolution who has some other theories about how this might evolve.
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