… the media:

The president said he is “happy to look at” bills before Congress that would give struggling news organizations tax breaks if they were to restructure as nonprofit businesses.
“I haven’t seen detailed proposals yet, but I’ll be happy to look at them,” Obama told the editors of the Pittsburgh Post-Gazette and Toledo Blade in an interview.
Sen. Ben Cardin (D-Md.) has introduced S. 673, the so-called “Newspaper Revitalization Act,” that would give outlets tax deals if they were to restructure as 501(c)(3) corporations. That bill has so far attracted one cosponsor, Cardin’s Maryland colleague Sen. Barbara Mikulski (D).

Things I don’t like about Cardin’s plan: 1. It’s a sop to a greedy, stupid, and obscenely mismanaged industry that makes AIG look like the yardstack of propriety; 2. It sets up an assault on the First Amendment and the independence of the press in establishing a foundation for the government licensure of journalism. Other than that, it’s dandy.