there's a great deal of innovation going on in the small online newsgathering organizations, but no sustainable new business model has risen. there are reasons to believe that the free market for news, especially public affairs news, is potentially subject to market failure. and that means there is a possibility that a new business model will not emerge. and, finally, it would not be novel for the government to provide indirect support for news organizations, and i emphasize indirect. so what did we do? we had a workshop in march for two days to talk about, together experts and talk about what might some of these policy options be, that should be considered? and that's where i believe it and i'm happy to elaborate if we have time or anybody is interested in spirit and we will definitely come back later and hear what comes next. steve, same question to you. where does your study stand and what do you think the next steps would be? >> the fcc's study as a couple months behind the ftc's study. we're looking at some of the same issues, but we also have a special emphasis. in addition to understandi

not just how do you increase revenues to news organizations, but how do you reduce the cost of newsgathering. and so we had presentations on some of the works that is being done to make government data more readily available and more easily manipulable. and that is a trend that is going on in a lot of areas, including at the securities and exchange commission. we had somebody come in and explain to us how they have developed new types of financial reports that companies are now required to submit that allow you much more easily to compare across companies what the various, you know, factors, or whatever those financial terms are. and as more and more that can be done that certainly facilitate some of the watchdog reporting that you were talking about as the future. of news. we did also discuss there have been discussions about new types of organizations that would be either a hybrid of nonprofit and for-profit, or for-profit but with a social purpose. and the thought is that news organizations might fit in to that kind of an organization, which would allow newspapers to thrive, maybe a five

there is a great deal of innovation going on with small on line newsgathering organizations, but no sustainable new business model has arrived-- has arisen. there are reasons to believe that the free market for news, especially public affairs news, is potentially subject to market failure and that means there is the possibility that a new business model will not emerge. finally, it would not be novel for the government to provide indirect support for news organizations, and i emphasize indirect. so, what did we do? we had a workshop in march for two days to talk about, together experts and talk about what might some of these policy options be that should be considered? that is where i will leave it and i'm happy to elaborate as to the extent we have time or if anybody's interested. >> do we will definitely come back later and hear what comes next. steve, same question to you. where does your study stand and what do you think the next steps will be? >> the fcc study is a couple months behind the ftc's study. we are looking at some of the same issues, but we also have a special emphasis. in addit