Washington state Gov. Chris Gregoire has approved a tax break for the state's troubled newspaper industry. The new law gives newspaper printers and publishers a 40% cut in the state's main
business tax. The discounted rate mirrors breaks given in years past to the Boeing Co. and the timber industry.
Newspapers across the country have resorted to layoffs and other
cost-cutting moves to deal with a wounded business model. The Seattle Post-Intelligencer printed its final edition earlier this year and was converted to an Internet-only publication with a
much-reduced staff.
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