Blomberg via the Globe:
US Senator Ben Cardin introduced a bill to allow newspapers to operate as nonprofit organizations, following four bankruptcies in the industry in as many months.
Under the proposed bill, advertising and circulation revenue could be claimed as tax exempt, Cardin, a Maryland Democrat, said yesterday in a statement. Newspapers would be barred from making political endorsements.
I can just see it now: Rupert Murdoch dressed in an apron in a room full of volunteers and telephones, "And if you pledge $100 to support the editorial page of the Wall Street Journal, I'll send you this personal edition of 'Gruel for the Poor,' our new cookbook."