The adaptation of absolute bounded newspapers shows achievement for a awakening of American bounded journalism. Thanks to a new federal law, these bastions of the chargeless columnist — including The Seattle Times — can body against abiding adherence admitting banking burdens larboard from an beforehand era.
Part of the account deal signed Dec. 20, the Save the Association Bi-weekly Act will acquiesce abreast captivated association newspapers to amplitude out payments owed to alimony affairs that accept been arctic through years of industry trouble.
Without the actively bare relief, these bi-weekly companies would face immense obligations coming due in 2021 beneath federal alimony addition laws. This long-sought abatement reduces the anniversary bill to a acquiescent akin while attention pensioners’ rights to every penny they are due.
For The Times, forth with sister affidavit in Yakima and Walla Walla, the restructuring reduces the anniversary bill by added than $10 actor by extending payments over time. That best aerodrome agency the aberration amid an approaching defalcation blackmail and a fair attempt at abiding stability.
“This is a ‘glory, glory, hallelujah’ moment for the bi-weekly industry, for atrocity and for ancestors ownership,” Times administrator Frank Blethen said.
This buoy will advice at atomic 17 — conceivably abounding added — absolute bounded newspapers beyond the country, from Seattle to Albuquerque to Tampa to Bangor, Maine. In these markets, book and online account readers account from advantage decisions fabricated by institutions abiding in the communities they serve.
Other cities beyond the nation accept watched helplessly as their newspapers declined despite advanced bounded audiences. Hedge funds and debt-encumbered bi-weekly chains cut agents and awash assets to choke out money. The accompanying about-face of announcement revenues to ample internet companies accelerated these troubles. Business decisions sank the journalism, and communities absent out.
According to the Columbia Journalism Review’s Layoff Tracker website, some 3,160 newsroom jobs abolished in 2019, mostly at newspapers. The best trend is alike added stark. The Pew Research Center found that from 2008 to 2018, the cardinal of bi-weekly newsroom workers alone from 71,000 to 38,000 — a 47% abatement in reporters, photographers, editors and architecture teams. That agency cities and towns beyond America now abridgement the able-bodied advice about burghal lath meetings, accompaniment legislatures and bounded ability their newspapers already provided.
The bipartisan accumulation of assembly who fought for this new law admit what the chargeless columnist agency for American democracy. U.S. Sens. Patty Murray and Maria Cantwell, both Washington accompaniment Democrats, and Susan Collins, R-Maine; and Washington’s U.S. Reps. Suzan DelBene and Adam Smith, both Democrats, and Republicans Dan Newhouse, Cathy McMorris Rodgers and above Rep. Dave Reichert deserve appropriate acclaim for their assignment to abutment this cause.
Thanks to their charge and that of others, The Times now has an befalling to sustain Seattle’s absolute journalism tradition.
“The business archetypal is beneath a lot of stress,” Blethen said, “but it still works.”
The Save the Association Bi-weekly Act preserves a appropriate asset for the nation’s communities and governance. Federal acceptance of the different amount of America’s chargeless columnist fabricated this achievement possible. Governments and the accessible should body aloft this foundation with aural abutment for the mission to advice bounded journalism thrive.
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