Newsom signs first-in-the-nation law to bolster struggling local news organizations

Newsom signs first-in-the-nation law to bolster struggling local news organizations

Gov. Gavin Newsom signed Assembly Bill 2222, a first-in-the-nation law giving California news organizations tax breaks to hire and keep journalists.

Key points Newsom signs first-in-the-nation law to bolster struggling local news organizations
  1. Gov. Gavin Newsom signed Assembly Bill 2222, a first-in-the-nation law giving California news organizations tax breaks to hire and keep journalists.
  2. Qualifying print, broadcast, digital and nonprofit newsrooms get $20,000 in tax credits for up to five journalists, plus $15,000 for each additional reporter and $15,000 for every new journalist hired.
  3. The bill's author, San Diego Assemblymember Chris Ward, said the funding will help struggling outlets retain reporters and hire new ones, as one in three California newsrooms has disappeared since 2005.
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