spot_img

Legislation would provide tax incentives to media companies to boost local journalism

(The Center Square) – Saying the number of working journalists in Illinois has dramatically dropped over the past two decades, a lawmaker has introduced legislation to reverse that trend. Some question the idea.

State Sen. Steve Stadelman, D-Rockford, a former TV newsman, is sponsoring several ideas in an effort to prop up local news outlets. Last month, he passed out of the Senate a measure prohibiting local news organizations from selling to out-of-state buyers without 120 days written notice of the sale to the state and their employees. Opponents of that idea said it could cause a media outlet to be devalued.

Another Stadelman proposal that has stalled would set up a structure for online news outlets to negotiate with social media platforms to get compensated when someone shares a news story on their news feed.

A third measure, Senate Bill 3953, called the Local Journalism Sustainability Act, would provide tax incentives for local news outlets to hire more journalists and was discussed in a Senate committee late Wednesday.

“Too many local communities no longer have a source for local news information,” said Stadelman. “That’s detrimental to the community for a number of different reasons, no one is shining the spotlight on local government covering school board and city council meetings, there is decreased political engagement, it’s not good for democracy.”

Stadelman said a third of local newspapers in Illinois have folded during the past 20 years, and there has been an 85% reduction in newsroom employees.

During a Senate Revenue Committee hearing, state Sen. Robert Martwick, D-Chicago, said he supported the idea generally, but had some concerns.

“I agree with the importance of a robust and independent Fourth Estate, it’s crucial for the perseveration of Democracy,” Martwick said. “So my question is this: Do we lose that independence when we start subsidizing journalism?”

Martwick questioned what happens if government gives tax credits to outlets that report on what’s happening while also publishing opinions some in government may not favor.

“We giveth. We can taketh away,” Martwick said.

Martwick also raised concerns about whether the state could help fund a media outlet that provides questionable content.

“I would want to make sure that we are careful not to be offering subsidies to newspapers that are basically political propaganda,” said Martwick.

According to research at Northwestern, about 100 Illinois counties have no local source for news, and 33 rely on just a single source.

SB3953 was discussed in a subject matter hearing, but has not advanced.

DON’T MISS OUT

Be the first to know about the latest news, giveaways, events, and updates from The Black Chronicle!

We don’t spam! Read our privacy policy for more info.

Hot this week

Health care company agrees to pay $22.5 million to settle claims of over billing

A health care company agreed to pay nearly $22.5...

Sports betting expert offers advice on paying taxes for gambling winnings

(The Center Square) – Tax season is underway, and...

Entertainment district benefits don’t outweigh the cost, economists say

(The Center Square) — Weeks later, after more details...

Business association ‘disappointed’ by WA L&I’s proposed workers comp rate hike

(The Center Square) – The Association of Washington Business...

GOP secretaries of state ask Colorado Supreme Court to dismiss Trump case

(The Center Square) – A group of Republican secretaries...

Federal government says 142,000 jobs were added in August

According to data released by the U.S. Bureau of...

Seattle mayor proposes first update to city’s ‘Food Action Plan’

(The Center Square) – Seattle Mayor Bruce Harrell has...

Violent crimes on rise in Chicago, robberies at 5-year high

(The Center Square) – Crime is up in Chicago...

Biden-Harris Cuban visa program endangers national security, senators argue

U.S. senators are demanding answers about another visa program...

Washington State Ferries cancels sale of two decommissioned ferries

(The Center Square) – Washington State Ferries has cancelled...

Louisiana prison sentences improperly assessed by corrections officials

(The Center Square) — For the fourth consecutive year,...

Armed with tax incentives, an EV parts maker to locate in Illinois

(The Center Square) – With a rash of companies...

More like this
Related

Federal government says 142,000 jobs were added in August

According to data released by the U.S. Bureau of...

Seattle mayor proposes first update to city’s ‘Food Action Plan’

(The Center Square) – Seattle Mayor Bruce Harrell has...

Violent crimes on rise in Chicago, robberies at 5-year high

(The Center Square) – Crime is up in Chicago...