Newspaper bailout: Obama says he'd consider it, but should taxpayers?


With banks and carmakers reaping enormous benefits from taxpayer-funded bailouts, you have to wonder: Who will get the next scoop of bailout cash? President Obama told the editors of the Pittsburgh Post-Gazette and the Toledo Bladein an interview that he's open to proposals that would provide newspapers with generous tax cuts if they transition to nonprofit status.

"Journalistic integrity, you know, fact-based reporting, serious investigative reporting, how to retain those ethics in all these different new media and how to make sure that it's paid for, is really a challenge," Obama said. "But it's something that I think is absolutely critical to the health of our democracy.