State's Decision to Guarantee Credit for Newspaper May be First, But Not the Last

By: News industry analysts say New Hampshire's decision to guarantee a line of credit for the Eagle Times newspaper is a first, but probably won't be the last example of government help for newspapers struggling with an unprecedented decline in their advertising revenue.

The state agreed last week to guarantee 75% of a $250,000 line of credit to the Eagle Times of Claremont, which emerged from bankruptcy under new ownership last month. Several news industry experts say while a few other states have explored similar deals, none have gone through with it.

Some believe such aid may make readers question a newspaper's independence. But Eagle Times publisher Harry Hartman said Wednesday that the newspaper hasn't used the line of credit and is not beholden to anyone.


No comments on this item Please log in to comment by clicking here