The Corner

Should We Bailout Newspapers?

News&Observer.com reports that:

A 2-year-old weekly newspaper in Carrboro [North Carolina] wants to do two things most news organizations can’t or won’t these days: print more copies and use public money to do it.

The town’s Board of Aldermen made that possible Tuesday night, approving a $50,000 small business loan from a fund aimed at sparking local economic development. Its owners plan to use the money to expand their staff and headquarters, and nearly double their press run, from 6,000 to 10,000.

Carrboro Alderman Dan Coleman said Carrboro is lucky to be home to a newspaper that’s growing as many other papers shrink and cut staff.

So much for journalistic independence. For more on whether federal, state, or local governments should bailout the newspaper industry, watch this great new Reason TV video narrated by Michael Moynihan.

Veronique de Rugy is a senior research fellow at the Mercatus Center at George Mason University.

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