{"id":143209,"date":"2020-04-10T06:31:00","date_gmt":"2020-04-10T06:31:00","guid":{"rendered":"https:\/\/www.bnreport.com\/senate-dems-block-small-business-relief-funding-seek-billions-for-local-media\/"},"modified":"2020-04-10T06:31:00","modified_gmt":"2020-04-10T06:31:00","slug":"senate-dems-block-small-business-relief-funding-seek-billions-for-local-media","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/senate-dems-block-small-business-relief-funding-seek-billions-for-local-media\/","title":{"rendered":"Senate Dems Block Small Business Relief Funding, Seek Billions for Local Media"},"content":{"rendered":"

Senate Democrats are pushing for a proposal that might send as much as $10 billion to local media outlets as part of a fourth CCP virus relief package, while blocking additional rescue funding for small businesses.<\/p>\n

\u201cFor over a decade, there has been a steady succession of local outlets closing down, reporters being laid off, production schedules cut, and resources tightened as the growth of social media and technology platforms has concentrated critical advertising revenue in the hands of a few,\u201d states an April 8 letter<\/a> from 19 mostly Democratic senators, to Senate Majority Leader Mitch McConnell (R-Ky.) and Senate Minority Leader Chuck Schumer (D-N.Y.).<\/p>\n

The letter was also addressed to Senate Appropriations Committee Chairman Richard Shelby (R-Ala.) and Vice Chairman Sen. Patrick Leahy (D-Vt.).<\/p>\n

The letter didnt specify an amount of funding to be provided to local media outlets but referenced proposals from three media trade groups that are seeking $5 billion to $10 billion in such assistance.<\/p>\n

\u201cReliable local news and information has been critically important during the COVID-19 pandemic, yet it has become more scarce,\u201d the letter said.<\/p>\n

\u201cAny future stimulus package must contain funding to support this important industry at such a critical time. Such a provision should be tailored to benefit aid recipients who make a long-term commitment to high-quality local news.\u201d<\/p>\n

The signers of the letter were led by Sen. Richard Blumenthal (D-Conn.) and Sen. Robert Menendez (D-N.J.). The others are Sen. Amy Klobuchar (D-Minn.), Sen. Cory Booker (D-N.J.), Sen. Sheldon Whitehouse (D-R.I.), Sen. Jeanne Shaheen (D-N.H.), Sen. Tim Kaine (D-Va.), Sen. Mazie Hirono (D-Hawaii), Sen. Patty Murray (D-Wash.), Sen. Robert Casey Jr. (D-Pa.), Sen. Mark Warner (D-Va.), Sen. Ron Wyden (D-Ore.), Sen. Ed Markey (D-Mass.), Sen. Jack Reed (D-R.I.), Sen. Angus King (I-Maine, who caucuses with Democrats), Sen. Sherrod Brown (D-Ohio), Sen. Tammy Baldwin (D-Wis.), Sen. Tom Udall (D-N.M.), and Sen. Joe Manchin (D-W.Va.).<\/p>\n

At the same time, the letter seeking public funding for local media was circulated April 8, Senate Republicans were angrily challenging Democrats to stop blocking a measure that would add $250 billion to the $349 billion under the Paycheck Protection Program (PPP) for small businesses in the just-passed $2 trillion CCP virus relief package.<\/p>\n

\u201cWe are seeing a rate of $3.5 billion an hour on a nearly $350 billion program. We have days, not weeks, until PPP runs out of money,\u201d Sen. Marco Rubio (R-Fla.) said in a statement<\/a> on April 8. Rubio is chairman of the chambers Committee on Small Business and Entrepreneurship.<\/p>\n

\u201cTodays unemployment numbers remind us that now is not the time for congressional horse-trading or partisan politics. Small businesses are being forced to lay off employees and close their doors. I really hope my Democratic colleagues will reconsider their decision to block more money for PPP,\u201d Rubio said.<\/p>\n

Similarly, Sen. John Cornyn (D-Texas) issued a statement<\/a> saying: \u201cThe Democrats insistence on holding this relief hostage for extraneous funding that isnt needed is unfathomable. Coronavirus relief is no place for partisan politics, but Senator Schumer just cant help himself.<\/p>\n

\u201cAllowing this fund to run dry and letting countless small businesses fail would be one of the most unconscionable things Senator Schumer and Democrats could do.\u201d<\/p>\n

The proposal to provide federal dollars for local media organizations is certain to run into objections that the money would actually be aiding large media conglomerates that own or otherwise control the vast majority of news outlets, including those that were once predominantly owned by local interests.<\/p>\n

\u201cOwnership of the countrys daily newspapers was concentrated among the largest 10 companies. Altogether, the largest 10 companies owned 1,500 papers, including almost half\u2014572\u2014of the countrys 1,283 dailies,\u201d according to a 2018 report<\/a> by the Hussman School of Journalism at the University Read More \u2013 Source<\/a>
\n[contf]
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\n <\/p>\n

The Epoch Times<\/a><\/h5>\n

[contfnewc]
\n[contfnewc]<\/p>\n","protected":false},"excerpt":{"rendered":"

Senate Democrats are pushing for a proposal that might send as much as $10 billion to local media ou..<\/p>\n","protected":false},"author":1,"featured_media":143210,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[],"class_list":["post-143209","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-politics"],"yoast_head":"\nSenate Dems Block Small Business Relief Funding, Seek Billions for Local Media - Business News Report<\/title>\n<meta name=\"description\" content=\"Senate Democrats are pushing for a proposal that might send as much as $10 billion to local media ou..\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bnreport.com\/en\/senate-dems-block-small-business-relief-funding-seek-billions-for-local-media\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Senate Dems Block Small Business Relief Funding, Seek Billions for Local Media - 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