Tuesday’s monster $3 trillion COVID-19 wish list, which included financial relief for struggling local media outlets, was quickly stamped D.O.A. by Senate Republicans. On Wednesday something happened that has a much better chance of leading to you getting money faster. Here’s what you can do to push that along.
Bi-partisan legislation was introduced in the Senate that expands eligibility for SBA loan access for local radio and TV stations and newspapers.
The expansion of PPP for local media would treat broadcasters and newspaper owners much like hotels and restaurants were treated under the original CARES Act PPP. It would require stations to fit within the SBA size standard for the broadcasting industry, or under $41.5 million in annual revenue.