And now another model proposed

Quoting:With many U.S. newspapers struggling to survive, a Democratic senator Tuesday introduced a bill to help them by allowing newspaper companies to restructure as nonprofits with a variety of tax breaks.

"This may not be the optimal choice for some major newspapers or corporate media chains but it should be an option for many newspapers that are struggling to stay afloat," said Senator Benjamin Cardin.

A Cardin spokesman said the bill had yet to attract any co-sponsors, but had sparked plenty of interest within the media, which has seen plunging revenues and many journalist layoffs.

Cardin's Newspaper Revitalization Act would allow newspapers to operate as nonprofits for educational purposes under the U.S. tax code, giving them a similar status to public broadcasting companies.

Quoting:Thirty-three years after Mother Jones began as a nonprofit magazine, co-editor Monika Bauerlein jokes that "we're so out of date, we're hip."

She was referring to renewed interest in the San Francisco magazine's business model. As major daily newspapers, like the Seattle Post-Intelligencer, cease publication and others, like The Chronicle, plan extensive layoffs to cope with dwindling revenue, many in the news publishing world are exploring the nonprofit model.