you are viewing a single comment's thread.
Non-starter for me.Why would anyone own shares in a non-profit that cannot pay out dividends or "profits?"The idea may help save some small newspapers and jobs, but it is not the kind of situation you want to have as an "owner" of a for-profit business enterprise.
Perhaps GCI could "use" the non-profit status to spin-off its money-losing small newspapers, and receive some sort of tax or cash flow benefit for doing so.Keep the TV stations, the internet properties and the profitable large newspapers.That would be the only silver lining in the proposal for GCI stock-owners.
It would at least make the sale of those papers on the verge of going out of business easier, no? And possibly help Gannett dump the money losers and keep the winners?Don't really see how this bill could be bad, only good....