Monday, November 09, 2009
SOMETHING LIGHTER
Literally, It's Beyond Debate: State Government Guaranteeing Part of Loan to Run Newspaper
Here comes state-run media, or at the very least, state-financed newspapers:
The state of New Hampshire is guaranteeing part of a loan to the new owner of the Claremont Eagle Times newspaper.
Last Wednesday New Hampshire’s Executive Council approved without debate the "working capital loan guarantee," which will be administered by the state’s Business Finance Authority.
The Valley News of Lebanon says the authority and the state would be liable for $187,500 of a $250,000 loan from the Connecticut River Bank to the paper’s owner, Eagle Printing.
I love how it was approved without debate. Because really, why debate? What possible drawback could there be to having state governments get involved in the financing of newspapers?
11/09 03:36 PM
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