Tuesday, March 10, 2009

A national endowment for journalism

Bruce Ackerman and Ian Ayres write:

The newspaper bust has been good for one business. Policy wonks have been charging into the breach with a host of different solutions to the escalating crisis. Aside from the usual appeals for tax breaks and bail-outs, the more innovative proposals come in two types. On the private side, there have been calls for charities to endow newspapers or to subsidise political reporting. On the public side, the success of the BBC and American Public Broadcasting provides a paradigm that might be extended to the print media.

There is a third way out. We urge democracies throughout the world to consider the creation of national endowments for journalism that are carefully designed to confront the impending collapse of investigative reporting.

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