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House Reintroduces Bill to Protect Local News Through Tax Credits

“Without vital support such as tax credits for publishers and local businesses, publishers will not have the resources to continue investing in providing news…”

Maddy Troy

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photo of a stack of newspapers

The U.S. House of Representatives has reintroduced legislation that aims to support local news through a series of tax credits. Rep. Claudia Tenney (R-NY) and Rep. Suzan DelBene (D-WA) have reintroduced the Community News and Small Business Support Act (H.R. 4756), formerly known as the Local Journalism Sustainability Act (LJSA), in the House.

It includes a refundable tax credit for local newspapers to hire more journalists. Also, a non-refundable tax credit for small to medium-sized businesses to advertise with local media.

News/Media Alliance President & CEO Danielle Coffey stated, “We applaud Reps. Tenney and DelBene for introducing the Community News and Small Business Support Act and putting the needs of local communities first by supporting local news publishers, who provide critical journalism and information to Americans across the country.”

Coffey continued, “Without vital support such as tax credits for publishers and local businesses, publishers will not have the resources to continue investing in providing news and news deserts will continue to grow, making quality local journalism increasingly inaccessible to those who need it and allowing harmful mis- and disinformation to promulgate.”

The reintroduction of the Community News and Small Business Support Act seeks to address these challenges and promote the sustainability of local journalism, benefiting both news organizations and the communities they serve.

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Media Business

Indianapolis, Philadelphia, Baltimore See Largest Political Ad Spends in Recent Weeks

President Joe Biden’s campaign has been the biggest spender, dropping $7.2 million.

Barrett News Media

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A side profile of the U.S. Capitol.

While much of the focus of political advertising is focused on the 2024 presidential election, there are important Congressional races, too. Metros like Indianapolis, Philadelphia, and Baltimore are the beneficiaries of those races.

According to information from AdImpact, $70.8 million has been spent in the political sector in the past two weeks. $3.7 million was spent in Indianapolis, while the Philadelphia market garnered $3.4 million and Baltimore saw $3.2 million in spending.

President Joe Biden’s campaign has been the biggest spender, dropping $7.2 million, according to Inside Radio. $1.7 million was spent in digital ads, while a PAC supporting Biden spent another $649,000.

Projections on the expected spending have fluctuated in recent months as ad spending has slowed after lackluster primary season saw former President Donald Trump effectively lock up the Republican nomination much earlier in the process than had been previously seen.

AdImpact forecasts $10.2 billion in the election cycle, which would be a new record.

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Media Business

Broadcasters Foundation of America Honors Six with Leadership Awards

The honors were bestowed at the Foundation’s annual breakfast at the NAB Show in Las Vegas.

Barrett News Media

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A photo of the 2024 Broadcasters Foundation of America Leadership Award Winners
(Photo: Broadcasters Foundation of America)

The 2024 NAB Show in Las Vegas has wrapped up, and the Broadcasters Foundation of America honored six industry veterans with their Leadership Award.

At the foundation’s annual breakfast at the NAB Show, it honored several leaders.

Erica Farber — who stepped down as CEO of the Radio Advertising Bureau at the beginning of the month — was bestowed with the Lowry Mays Excellence in Broadcasting Award. The honor is named after Clear Channel founder Lowry Mays, who died in September 2022.

Six other individuals were honored with the Leadership Award. Those included:

  • Mike McVay, President of McVay Media
  • Kathleen Kirby, Partner at Wiley
  • Don Bouloukos, CBS and ABC Radio Executive
  • Frank Comerford, Chief Revenue Officer and President of Commercial Operations for NBCU Local
  • John Rouse, Executive Vice President ABC Affiliate Relations
  • Traug Keller, President of ABC Radio Networks and Senior Vice President of ESPN Radio

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Media Business

Fox News Digital Marks 3 Straight Years Leading Multiplatform Minutes

On average, the network featured 111 million unique visitors per month to its digital platforms, including 5.8 million unique visitors to its mobile app.

Barrett News Media

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A photo of the Fox News logo

Fox News Digital finished the first quarter leading news brands in multiplatform minutes, marking the 12th consecutive quarter leading the category.

The network saw double-digit year-over-year growth in the sector with 9.8 billion multiplatform minutes, according to Comscore.

Additionally, Fox News led the first quarter in multiplatform views with 4.9 billion. On average, the network featured 111 million unique visitors per month to its digital platforms, including 5.8 million unique visitors to its mobile app in the first quarter.

Fox Business also saw victories in the business media sector. The YouTube channel for the network garnered 182 million views in the quarter, up 20% compared to the same time frame in 2023.

Also, FoxBusiness.com averaged 28.7 million unique visitors per month in the quarter, up 21% in year-over-year growth.

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