On December 20, Congress expanded government loan forgiveness to local news outlets in the proposed COVID relief bill. House Speaker Nancy Pelosi (D-CA) and Senate Democratic Leader Chuck Schumer (D-NY) released a joint statement praising these “key modifications to PPP” that expand eligibility for “local newspapers, TV and radio broadcasters.” Facing falling adverting revenues, many local news outlets are struggling. Their inclusion in the relief package is pivotal for preserving a diversity of voices in news and delivering high-quality information to citizens. Read more here.
Members of the News Media Alliance staff have contributed to this post.