To be submitted as a comment to Professor Bainbridge & accepted here):
1. ProfB, let me presume to clarify your headline: "And/or a Subsidy for the Left?" -> "And/or another subsidy for the Left, including Helen Thomas?"
2. From Jeff Jarvis: "Besides of all the issues this raises concerning government influencing the media, I find it hard to believe voters would be willing to subsidize a broken business model." Silly Jarvis! They have no intention of asking the voters. Did they ask the voters about bailing out GM? About Obamacare?
3. The FTC has been at this for some time: see http://www.ftc.gov/opp/workshops/news/index.shtml .
4. Despite the fact that Big Media are mortal enemies of conservatism and the GOP, Republicans have collaborated in the perversion of copyright law to the disadvantage of the public. Orrin Hatch (R-RIAA) is the most conspicuous, but by no means the only, example. I don't rule out that enough key Republicans can be bought off to allow a "journalism" subsidy to pass.
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