New York State’s new $90 million, three-year subsidy for the struggling news industry is a big step forward for those who have advocated for government aid to newsrooms at a time when the business of news remains in sustained crisis, with most newspaper staffs shrinking drastically and many newer digital entrants failing. But the landmark legislation, included in the massive budget agreement that moved through the legislature last week, leaves a great deal to be hashed out in regulations that will be issued later this year by Empire State Development before the subsidy begins in 2025. Devilish details that are TBD — or, in journalism-speak, TK — could well prove the difference between a meaningful step forward and a squandered opportunity.
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