In a time of universal deceit, telling the truth becomes a revolutionary act. George Orwell

03 December 2009

Media Bailout

Government Bailout Of Media will Mean Government
With Media - Chilling, given the influence the federal government has with the financial and auto industries. Read More......

"Government's going to have to be involved, in one way or the other," to save journalism from an ongoing "market failure" that will only worsen without intervention" said Rep. Henry Waxman, Chairman of the powerful House Energy and Commerce Committee.

Waxman bemoaned the demise of newspapers across the country, including in Denver and Seattle, and warned that the troubling media trends will continue. "This recent depression in the media sector is not cyclical," Waxman said. "It is structural."

"Congress can't impose a solution" to that structural problem, he said. But the government should partner with the media industry to ensure a sound future for journalism. Waxman praised the record of "independent" reporting in U.S. history and said it has implications for democracy.

Read more.... and please get involved!

Also read The fix is in, liberal media selling out for pot of government gold - the Washington Examiner.

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