I'm happy to be able to point you in the direction of anything positive about American newspapers...so here the story of a reporter who, when his paper went under, bought it.
Alabama is home to a lot of weeklies, and to Community Newspaper Holdings, an RSA funded newspaper group that owns hundreds of papers and a handful of television stations. RSA is a frequent investor in media, and part of the agreements is always that they run a certain amount of Alabama Tourism commercials.
How does a family paper, assuming the business is healthy, manage to stay in the family? Doesn't the IRS apply estate taxes against each generation that owns the paper? Or does the Constitution provide some 1st Amendment tax exemption for those of the Fourth estate as it does for those of the First?
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