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New York will set aside money to help local news outlets hire and retain employees
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FILE - News Editor Chris Sciria puts the newspaper to bed for the last time from an empty newsroom at The Citizen's 25 Dill St. location in Auburn, N.Y. on Friday, Oct. 22, 2021. After 51 years on Dill St. the newspaper moved its operation to a smaller office space. New York is offering up to $90 million in tax credits for news outlets to hire and retain journalists in an effort to help keep the shrinking local news industry afloat. - photo by Kevin Rivoli/The Citizen via AP, File
ALBANY, N.Y. (AP) — New York is offering up to $90 million in tax credits for news outlets to hire and retain journalists in an effort to help keep the shrinking local news industry afloat. The U.S. newspaper industry has been in a long decline, driven by factors including a loss in advertising revenue as outlets have moved from primarily print to mostly digital. That prompted state lawmakers to help in a measure passed in the state budget.