Next Bailout: Newspapers?

" On new on the vice president of the Washington Post Colin for a bailout and newspapers. Saying it's -- Chinese responsibility to do so now some argue for a bailout -- demonizing news organizations. That are profitable saying they only make money because they're unfair in their reporting. For more."

" We turn to journalist author and Fox News contributor Liz -- let's get to feel wary. Tell -- what you think document this this is 98 pages long it's called modestly the reconstruction of American journalism. And it's written by Leonard Downey who was formally at the poston is. But now a professor in Arizona the Arizona State's. Did you journals from school upstate new and Michael -- and who -- producer of the great liberal Columbia school of journalism. From which I never graduated. I -- want to get expelled from heading out advice to be -- wonderfully objective place that and this whole thing starting from its first sentence. About how would -- transformational. Moment in journalism just reeks of the kind of liberalism. That -- really took its holder in the sixties and that killed newspapers. This whole all the 98 they've made this year missed the point. First of all the don't discuss any of the business angle really there are no real solid financial and -- and a lot and the analysis in this at all. It's it basically says that some critics have pointed out if the newspaper business fails in all journalism fails well -- now. That's a bit shortsighted. One would think. But they they I have six recommendations. Some of which are really totally ridiculous. They want the FCC to have a special fund. For local reporting and those who didn't vote who would didn't toe the line would be fine. They want the IRS Internal Revenue Service to give them a nonprofit status. And they have very tough on PBS for some pride -- public broadcasting they want more local reporting. And they salute. By the way the feminist movement for example. Because it -- prove that the personal is political means that this is the kind of agenda reporting. That it has killed journalists from all these years -- what -- proposing a bailout for the newspaper well they say it's not a bailout to say that they. They in a way actors though it's it's already happening and they cite examples where you know a couple of kids go in a basement room and start a website. But the fact of the matter risen at a park from a slight reference to the Drudge Report not complimentary one that. Everything they're talking about is a far left start up project and this is what they're using this examples for their argument. I like to make one point if I can. And that is this this report was financed by the Charles -- foundation was one of three cent cup of backers. And who sits on the board of the trial -- And the foundation but Henry Louis Gates junior. Big friend of Obama so on the whole thing just reeks of the usual left wing knee jerk. Bill key recommendations. And let's ask the baker overriding question hour which is there's a belief that there is an assault on journalism right now. Most corporations and talked to say. It's harder and harder to get accurate information because forms at. How listen blogs like right out Microsoft. Are now exactly bullet hounded to fool. -- it's that real credible journalists and what's happening to that -- will address that period now when they're very much for what they called citizen journalism. But then they'll say you know -- her hand of course -- have to be people there with news judgment so they want to run that they want all these little people working for them were from neighborhoods and PTA in this and that. The whole thing is not only arrogant it's unworkable. Oh what a waste of money and hope that it's just a waste of money but the crisis atmosphere is what they want and they certainly have sent that."

" So nice wearable hobbled because -- what's happening to the newspaper industry. And me at this Christmas shift going on where where the -- be two to five years from."

" Well it I noticed this -- is more more the last few weeks too especially when we've got a a war really you're beginning to take off and let them war. And you see bottom lines from Saudi Arabia -- nobody's there I mean you see story from all kinds of places in somebody's at some listening post in Western Europe. There's no money to send. These people out -- paying now for the excesses of what they -- of the last thirty and forty years that was to waste money they don't address the inefficiencies. That is the living large that the media has gotten away with for a long time. And so now they're forced to cut so they are going to have to shrink I think they can make it if they do this. If they stop thinking that they're out to save the world and just want to get back to our reporting you wonder though if it's going to become myopic domestic reporting and -- Nash that's a little worried that in fact that have shaped this country and -- capitalism -- known for -- the first -- I think I think it'll be the first casualty so. This is this is what it is somebody says this report -- Bottom and website and blog bracket rather -- you know its first they tell you had to eat -- because that's good for you and now they want you to pay for. Hot hot hot and could way to end it -- thanks so much better --"