Canadian local news initiatives show the way for U.S.

Canada produced a number of laws and policies to bolster the faltering news industry including an act to make social media companies pay for news, a local journalism fellowship program and tax credits for news publishers and individuals. The tax credits have been a boost for local news. A U.S. report on the Canadian initiatives makes a number of recommendations for implementation here, including structuring payroll tax credits with the smallest newsrooms in mind; implementing subscription tax benefits at the point of sale; imposing transparency measures; experimenting with payroll tax credits to train and retain reporters; and trying out tax credits for local news advertisers. (NiemanLab, June 217, 2023, by Sarah Scire)

For related FAC coverage, click here, here and here.