Media

The Next Threat to Independent Journalism: Using iPad Tax to Fund Failing News Orgs

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Earlier this morn we learned of state Sen. Bruce Patterson who wants to license journalists in Michigan, thus pushing the Wolverine State boldly into, what the 17th century?

Now via Reuters' Jim Pethokoukis comes word of a

"staff discussion draft" from the Federal Trade Commission recommends ways the government can save journalism.  First, it lists a number of ways Washington can subsidize the media (to the tune of $35 billion a year):

– Establish a "journalism" division of AmeriCorps.

– Increase funding for the Corporation for Public Broadcasting.

– Establish a National Fund for Local News.

– Provide a tax credit to news organizations for every journalist they employ.

– Establish Citizenship News Vouchers (lets you direct money from tax return).

This sort of crap would be paid for with a slew of taxes on just about everything related to spectrum, broadband, and consumer electronics (which BuzzMachinist Jeff Jarvis has dubbed the "iPad tax").

Read more here.

Here's hoping this incredibly retarded idea goes over about as well as the new Jon Meacham-improved Newsweek.