A measure prohibiting local news organizations from selling to out-of-state buyers without 120 days written notice of the sale to the state and their employees has passed the Illinois Senate.
Democratic state Sen. Steve Stadelman said in an effort to address what he said is a shrinking local media landscape, Illinois should pass the Strengthening Community Media Act. One element of the bill requires 120-day written notice if a local media outlet is looking to sell.
Republican state Sen. Jason Plummer argued the bill has nothing to do with hedge funds and could actually backfire.
The measure, which also creates a journalism scholarship program through the Illinois Student Assistance Commission, can now be sent to the Illinois House.
Story from Illinois Radio Network
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