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To protect and serve the common interests of its newsmedia members, to help members inform and thereby strengthen their communities, and to foster the highest ideals, ethics and traditions of journalism, a free press and the news profession.

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U.S. spending bill has pension relief

U.S. spending bill has pension relief

Included in the $1.4 trillion U.S. spending bill signed last week is the Save the Community Newspaper Act, which allows at least a dozen community newspapers in the U.S. to defer some of the contributions they make into their employee pension funds, The Seattle Times reports.

“Community newspapers” in this case are defined as “publications that are privately owned and which operate mainly within a single state.”

Without the law, The Seattle Times “would have been threatened with bankruptcy within a year or two,” said Times Publisher Frank Blethen, who helped lead the lobbying effort behind the bill.

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