I Guess the MSM is "Throwing in the Towel"....

.... and finally admitting they cannot compete in an open market system driven by cutomers opinions of the validity of the information they choose to provide. (i.e., they are left wing suck ups and everyone knows it, so no one is buying their papers anymore.) Maybe they ought to try reporting the news instead of trying to support their left wing adgendas...

Senator proposes nonprofit status for newspapers
By LARRY MARGASAK

WASHINGTON (AP) — Struggling newspapers should be allowed to operate as nonprofits similar to public broadcasting stations, Sen. Benjamin Cardin, D-Md., proposed Tuesday.
Cardin introduced a bill that would allow newspapers to choose tax-exempt status. They would no longer be able to make political endorsements [yeah, right!], but could report on all issues including political campaigns.

What about CNBC? Are they next?



Note:
I received this comment on 3/26/09 in response to one of the stories posted on 3/25/09.

Give some credit where it is due... The markets like what the administration is doing. Of course You'll never publish this quote, because the administarator [sic]is a giant _____ who can't take an alternative point of view. Not that anyone reads this piece of ____ blog anyway.

I chose to post it like this for two reasons:
1) I wanted to delete the swear words (Why can't libs discuss anything? Instead, they get all emotional.)
2) I don't know which post this comment was aimed at...