NAB Applauds Local Journalism Sustainability Act
Legislation would provide help for local journalism with tax credits
WASHINGTON—The National Association of Broadcasters has come out in support of the Senate version of Local Journalism Sustainability Act, joining a large number of other organizations in favor of the bill.
The Senate and House versions of the bill would attempt to strengthen the financial basis of local journalism, which has been under severe strain in the last decade, by providing a number of tax credits designed to help local newspapers, local digital news operations and local TV and radio stations.
“NAB applauds the introduction of the Local Journalism Sustainability Act, which would support and enable hiring additional local journalists for broadcast newsrooms,” NAB President and CEO Gordon Smith said in a statement. “At a time when misinformation and disinformation plague online platforms, broadcast radio and television continue to serve as reliable beacons of news that keep local communities informed and connected. We appreciate Sens. Cantwell, Wyden and Kelly’s leadership in ensuring a vibrant future for local journalism and we urge congressional passage of this legislation.”
The Senate version has also been widely supported by a number of other organizations according to Report for America, which is also backing the effort.
In addition to the NAB, supporters include: Rebuild Local News, a coalition that represents more than 3,000 local newsrooms, as well as America’s Newspapers, Local Independent Online News Publishers, Institute for Nonprofit News, National Association of Hispanic Publications, National Newspaper Publishers Association, The NewsGuild-CWA, Local Media Consortium, National Federation of Community Broadcasters, Report for America/The GroundTruth Project, American Journalism Project, Solutions Journalism Network, Lenfest Institute for Journalism, Chalkbeat, Public Knowledge, Richner Communications, Wick Communications and JournalList.net
Get the TV Tech Newsletter
The professional video industry's #1 source for news, trends and product and tech information. Sign up below.
George Winslow is the senior content producer for TV Tech. He has written about the television, media and technology industries for nearly 30 years for such publications as Broadcasting & Cable, Multichannel News and TV Tech. Over the years, he has edited a number of magazines, including Multichannel News International and World Screen, and moderated panels at such major industry events as NAB and MIP TV. He has published two books and dozens of encyclopedia articles on such subjects as the media, New York City history and economics.