Newspaper Preservation Act (USA)
The Newspaper Preservation Act of 1970 in the U.S. allowed competing newspapers to set up joint operating agreements in the same market area, making them exempt from parts of the anti-trust laws. The goal was to keep competing newspapers publishing in areas where readership was declining.
A joint operating agreement, or JOA, lets two newspapers combine business operations while at the same time keeping the news sections separate. The financial risks are shared as well as any increased profits.
With the advent of online news and competing sources of information, newspaper readership has plunged. Many JOAs have ended simply because they was no longer any economic benefit to continuing them.
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