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NNA urges calls to Congress

Thursday, May 7, 2020   (0 Comments)
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The National Newspaper Association is asking newspaper publishers and the newspaper industry at large to call on Congress to give newspapers the flexibility to spend money acquired from the Paycheck Protection Program on newspaper printing and production.

Three provisions of new proposals supported by newspaper industry associations would:

* Allow businesses a longer timeframe to spend PPP money. According to NNA, 
"newspapers need flexibility" to hold on to the funds 

*Give newspapers authority to spend money in different ways. Now, only 25 percent of a PPP loan may be used for rent, utilities or mortgages; but newspapers should be authorized to spend some of that money on other costs.

*Require federal agencies with advertising budgets to spend on local news. This is especially important in rural areas, where broadband may not be available and residents need important health and safety information in their newspapers.

Newspaper owners and advocates are encouraged to reach out to members of Congress to make sure they support these provisions in any new PPP legislation.

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