The News Media Alliance says it’s pleased that Congress has included in its latest stimulus an affiliation waiver that will allow previously ineligible news publishers to apply for Small Business Administration PPP loans as individual, independent entities, despite ownership by companies with other small news publishers or non-news businesses, allowing more publishers to qualify for the loans.
The News Media Alliance says the language is similar to the “Local News and Emergency Information Act of 2020” introduced by Senators Maria Cantwell (D-WA), John Boozman (R-AR), Amy Klobuchar (D-MN), Joni Ernst (R-IA) and Chuck Schumer (D-NY) in the Senate, and by Chairman David Cicilline (D-RI) and Ranking Member F. James Sensenbrenner (WI) in the House.
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