So if the newspapers - like The New York Times and The Washington Post - became non-profit organizations, then they would be eligible to apply for federal grant money and it really wouldn't be another private sector buy-out like the auto industry, so who's to complain?
The president said he is "happy to look at" bills before Congress that would give struggling news organizations tax breaks if they were to restructure as nonprofit businesses.
Sen. Ben Cardin (D-Md.) has introduced S. 673, the so-called "Newspaper Revitalization Act," that would give outlets tax deals if they were to restructure as 501(c)(3) corporations.
White House Press Secretary Robert Gibbs had played down the possibility of government assistance for news organizations, which have been hit by an economic downturn and dwindling ad revenue.
Instead, the newspapers rely on government grants, which means the government can impose restrictions, which means the newspapers become the mouthpieces of the government, which they really are now but as a non-profit, it seems all the less sordid and fascist.
But on the other hand - does this mean buying a newspaper is a charitable contribution?