The Complications of Federal Assistance for Newsrooms

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What do the Seattle Times, Axios, and the National Enquirer have in common? They didn’t all win a Pulitzer recently; rather, they’re all among the “small businesses” eligible to apply for financial assistance under the federal government’s Paycheck Protection Program. The Seattle Times, which is independently owned, received a loan of $9.9 million, just under the program’s upper limit of $10 million. American Media Inc., the Enquirer’s parent company, reportedly asked for a loan between $5 million and $6 million; it’s not yet clear if its application was successful. (Not all AMI staffers welcomed the move; one told the Daily Beast that it’d be “sickening” if the loan is granted, given AMI’s incestuous relationship with President Trump.)

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