Monday, May 11, 2020

Congress Weighs Coronavirus Aid for Local Newspapers, Broadcasters

House provision would allow currently ineligible local news outlets apply for PPP loans 

Sen. Maria Cantwell (D., Wash.) is working to get the Senate to consider a bill that would help some local media outlets get access to coronavirus-relief funds.

Many people and small business have been affected by the coronavirus outbreak by either having to get laid off and needing to find ways to make ends meet for any financial reasons. One of the under lying businesses that have been affected are TV,  Radio Stations, and Newspaper companies in which majority do not qualify to receive any aid in this time. Congresswoman Maria Cantwell and Amy Klobuchar are the first to bring up the issue and have tried to find ways to be able to provide aid for those in need. As said on the article the congresswoman say that they want to make a bill that doesn't send money to business that are too big and would set certain limitations to see which are eligible such as news publishers who have 1,000 or less workers. Although, subscriptions have risen that is not enough to overcome how much companies lose from advertising. 33,000 people have lost their employment by such hardship but people in congress have taken notice and will fight for those in need. 

https://www.wsj.com/articles/congress-weighs-coronavirus-aid-for-local-newspapers-broadcasters-11589238146

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