The incentive is intended to help the struggling local news industry.
Sen. Brad Hoylman-Sigal, center, pushed for a tax break for independent journalism outlets to hire staff, and it was included in the state budget in New York — a nation's first. | Courtesy of Empire State Local News CoalitionALBANY, New York — The decadeslong struggle of local media is getting a lifeline in New York.for local news organizations in a bid to encourage new hiring amid the ongoing struggles of journalism outlets to cover their communities.
“A thriving local news industry is vital to the health of our democracy,” bill sponsor Sen. Brad Hoylman-Sigal, a Manhattan Democrat, said in a statement. “It’s our responsibility to help ensure New Yorkers have access to independent and community-focused journalism.”
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