Reported 6 months ago
New York is offering up to $90 million in tax credits to help local news outlets hire and retain journalists, aiming to support the shrinking local news industry. The three-year program allows news organizations to receive tax credits of up to $320,000 annually, with a focus on small community news sites but potential benefits for larger media organizations as well. State lawmakers hope this initiative will preserve journalism jobs and strengthen democracy, with the goal of preventing situations like the case of George Santos, a Republican whose fabricated background went unnoticed due to a lack of local press coverage.
Source: YAHOO