{"title":"Journalism as a Public Good: How the Nonprofit News Model Can Save Us from Ourselves","authors":"Rosalie C. Westenskow, Edward L. Carter","doi":"10.1080/10811680.2021.1937005","DOIUrl":null,"url":null,"abstract":"At a time when many U.S. newspapers find themselves at the edge of a financial precipice, The Salt Lake Tribune’s recent transformation into a 501(c)(3) public charity presents a potentially promising route to economic safety for other daily newspapers. Although the nonprofit, tax-exempt model has been an increasingly popular one for new media outlets, the IRS’s bestowal of such status on a major daily newspaper marks an historic event — one that other newspapers, and their legal counsel, can learn from. This article outlines several issues such practitioners and owners should be aware of as they consider taking the leap to nonprofit status. The nonprofit route can have not only financial advantages for news publications, but it may also provide a better environment for cultivating the type of high-quality journalism that is essential to preserving our democracy. The legal requirements for 501(c)(3) organizations, as well as the ownership structure, have the potential to drive hard-hitting reporting on the most important issues, particularly for local publications, many of which are currently hemorrhaging such coverage. This article argues that journalism is a public good, and as such, a natural fit for the non-profit model.","PeriodicalId":42622,"journal":{"name":"Communication Law and Policy","volume":null,"pages":null},"PeriodicalIF":0.2000,"publicationDate":"2021-07-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Communication Law and Policy","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1080/10811680.2021.1937005","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q4","JCRName":"LAW","Score":null,"Total":0}
引用次数: 0
Abstract
At a time when many U.S. newspapers find themselves at the edge of a financial precipice, The Salt Lake Tribune’s recent transformation into a 501(c)(3) public charity presents a potentially promising route to economic safety for other daily newspapers. Although the nonprofit, tax-exempt model has been an increasingly popular one for new media outlets, the IRS’s bestowal of such status on a major daily newspaper marks an historic event — one that other newspapers, and their legal counsel, can learn from. This article outlines several issues such practitioners and owners should be aware of as they consider taking the leap to nonprofit status. The nonprofit route can have not only financial advantages for news publications, but it may also provide a better environment for cultivating the type of high-quality journalism that is essential to preserving our democracy. The legal requirements for 501(c)(3) organizations, as well as the ownership structure, have the potential to drive hard-hitting reporting on the most important issues, particularly for local publications, many of which are currently hemorrhaging such coverage. This article argues that journalism is a public good, and as such, a natural fit for the non-profit model.
期刊介绍:
The societal, cultural, economic and political dimensions of communication, including the freedoms of speech and press, are undergoing dramatic global changes. The convergence of the mass media, telecommunications, and computers has raised important questions reflected in analyses of modern communication law, policy, and regulation. Serving as a forum for discussions of these continuing and emerging questions, Communication Law and Policy considers traditional and contemporary problems of freedom of expression and dissemination, including theoretical, conceptual and methodological issues inherent in the special conditions presented by new media and information technologies.