California's effort to support newsrooms faces challenge

California lawmakers are considering Assembly Bill 2222, which would create refundable tax credits to financially support local news organizations based on their number of journalists. The bill aims to address declining revenue in the industry by providing direct funding, potentially making over $40 million annually available to newsrooms. It has passed the Assembly and awaits Senate approval, but faces opposition from business groups concerned about increased taxes and fiscal risks, and its future remains uncertain.

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