Unusual Bailout

" Well we talk a lot lately about government rescue plans for banks in the auto industry but. A different kind of bailout is occurring in New England Julie Banderas has the story of an unusual arrangement between the government a community. And the media."

" daily newspapers and central Connecticut The Herald of new Britain and the Bristol press were on the brink of bankruptcy. Helping to save them is the government one of the very institutions they cover sometimes the right decision can be the most controversial. The two papers which were to be closed on January 16 by the financially troubled the journal register publishing company now have a new owner he believes he can turn them around with the help of the local politicians. Who have given him -- Sharon."

" that we would get support from. From the of big government officials and that U business official which is there -- critical obviously. It would advertising driven. Media. The -- we were gonna get a good reception."

" The city is offering incentives such as future tax breaks some 25000 dollars in funds to train employees and financing for computer equipment and while the exact dollar amount of the incentives isn't written in black and white like the -- on this paper. Critics say Connecticut lawmakers are setting a worrisome precedent for government involvement in the press."

" What is changing now as -- specific news organizations getting specific help from. Local government federal government and I think that's pretty getting into. A bigger area of concern."

" And what steps newspapers and TV news apart from say General Motors is their responsibility to be Independent reporters of the truth especially regarding how government operate. But state representative frank and Castro -- ceding the local newspapers -- his duty."

" We have two newspapers that have been there for a hundred years. And quite frankly quite honestly not everybody in the world owns a computer. Kenyon not going to find all your information on."

" Blog government officials also point out the incentives are available to all companies and there are no special favors here there's just a common goal to save the paper is. It remains to be seen whether those incentives will have an impact on the paper's coverage. In New York Julie Banderas Fox News."