[classicman]

... unless you plan on a nice big payout from the Gov't.

The internet is a matchless device for distributing information on true, and truly disturbing, developments. Case in point: the FTC's recently released discussion draft on "reinventing" journalism.

Those who have read the 35-page document are mostly left agog by its absurd reach and its dangerous suggestions.

Among the items under discussion: Enhanced postal subsidies for newspapers, which already have their own uniquely cheap postage rates. Tax credits for organizations with journalists on the payroll. The formation of a new journalism cadre within AmeriCorps.

The estimated $35 billion required to keep traditional journalism afloat would be raised via several mechanisms, including a check-off box on tax returns. Those who are sympathetic to the industry's plight -- nationwide, they must number in the dozens -- could send a portion of their tax return to ameliorate the woes of the nation's MSM. As the report states,"If desired, this proposal could be structured to apply to commercial, as well as non-profit, news entities."

No plan is complete unless it calls for new taxes, and the discussion includes some doozies, including substantial new taxes on news aggregators on the web. Critics have quickly dubbed this plan the "Drudge Tax," but it would also impose new taxes on others, including Digg and the Huffington Post. The paper also floats a proposal to add a five-percent tax on consumer electronics, producing an estimated $4 billion annually. These funds would be distributed by the FTC.

The report also suggests that a "Fund for Local News" could be created using existing and new fees imposed by the FCC "on telecom users, television and radio broadcast licensees, or Internet service providers." These funds would be distributed directly to newspapers and other media outlets by state panels.

If written into law, this program would make the government a partner with each participating newspaper.

I'm not prone to hyperbole, but I frankly cannot imagine a greater, more odious conflict of interest than this one. As a journalist of thirty years standing, I wish I had an ounce of faith that publishers would reject the money, but I don't. After all, newspapers exist to make money, and they will quickly convince themselves they can enjoy the government largesse and remain independent in thought and spirit.

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Wow.