[DEBATE] : US - No bailout for newspapers
Riaz K Tayob
riaz.tayob at gmail.com
Tue May 5 11:26:03 BST 2009
Robert Gibbs: No bailout for newspapers
TAGS: Government Bailout, White House, Media, Robert Gibbs, Newspapers
By CAROL E. LEE | 5/4/09 4:08 PM EDT
Asked in his Monday briefing if the White House would consider bailing
out the newspaper business, White House press secretary Robert Gibbs
told reporters the government may not have the power to reverse the
"I don't know what, in all honesty, government can do about it," Gibbs
said in response to a question about the Boston Globe's financial struggles.
Noting that it's a "bit of a tricky area to get into," given the
relationship between the White House and the media, Gibbs said President
Barack Obama "believes there has to be a strong free press" and
expressed "concern and sadness" over the state of the industry.
But Gibbs wasn't just sympathetic — he also twisted the knife a little,
digging into reporters who questioned the Obama administration's
commitment to cutting spending.
"You guys didn't think $100 million meant a lot a few weeks ago," Gibbs
said. "But looking at some of the balance sheets, $100 million seems to
mean a lot."
Robert Gibbs: No bailout for newspapers - Carol E. Lee - POLITICO.com (5
More information about the Debate-list