Seattle Times owner Frank Blethen is in Olympia today to ask the legislature to give newspapers a fat tax break.
From the PI:
Under the proposed measure, the business and occupation tax on newspapers would be cut by 40 percent through 2015.Blethen said a state tax break wouldn't fix all that ails newspapers, but it would help them preserve jobs.
The loss of advertising revenue, mixed with the current economic climate, has put weekly and daily newspapers in the state under "tremendous financial pressure," he said.
Blethen must have been in a hurry because, according to sources in Olympia, Blethen pulled his Porsche into the middle of the permit-only press lot “and beached it" before heading in to a meeting, where he told legislators that:
"Some of us, like The Seattle Times, are literally holding on by our fingertips today.

It must be tough to be a Porsche-owning newspaper mogul these days.
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