15 Replies to “Deep Impact”

  1. “Non-profit” means … All the PROFITS are PAID to Executive Management in HUGE $$$$ 6-figure salaries. Executive Management stay $$$RICH$$$ … and avoid paying taxes. Non-profits … esp. the Eco-Law Firms … are shameful tax cheats.

    1. So true, the entire world of non-profits, foundations, etc seems more like a massive tax-dodge for ‘elites’ than anything truly charitable, these days.

      Nobody in the media has it sweeter than Canada’s own CBC, though. Grossly over-funded by taxpayer dollars, they are allowed to steal what meager ad revenues still exist out there from struggling competitors’ mouths, too. Then, they turn around and directly attack, undermine and malign with impunity millions of us “involuntary investors” that daily pay their way. And as long as they stay loyal to the progressive/globalist/SJW doctrines, they are as secure in their jobs as any union employee of the federal government is. Yup, sweet deal.

    2. There is no such creature as a non-profit. All wages that are paid has to be considered profit.

  2. If you ever wonder how liberal media outlets (excuse the redundancy) spin liberal crap into “news”, just try to parse this:

    https://www.thestar.com/business/2019/05/08/torstar-grows-digital-subscriptions-by-50-per-cent.html

    “a 50 per cent rise in paid digital subscriptions in the first quarter”…er, ok, sounds good, but:

    “a net loss in the first quarter of $7.4 million (9 cents per share), up from a loss of $14.5 million (18 cents per share) in the same period of 2018. The first-quarter results also included a one-time gain of $18 million in digital media tax credits.”

    So…they lose only half as much as last year…but “earned” $18 million in tax credits (grrrrr….)

    But back to that 50% increase:

    “it ended the quarter with over 15,000 digital-only paid subscribers on thestar.com, up from almost 10,000 at the end of 2018.”

    Gosh…5,000 new idiots who either can’t figure out how to read for free, or who are ok with the introductory 99 cent deal.

    “The company saw $22 million in print advertising revenue for its daily papers in the first quarter, down from $29 million a year ago, while print advertising in its community papers fell to $19 million from $22.8 million. Subscription revenue across the company rose slightly to $29.6 million from $29.5.”

    First, ouch.

    Second…”slightly” is apparently now a 0.3% increase…

  3. So, just like the employees at CBC – community-owned assh…., oh, you said asset.

  4. In other words, the globalists are slowly coming to the realization that businesses that have to turn a profit no longer need to subsidize globalist propaganda to advertise their goods and services.

    Turning the paper into a “charitable” non-profit makes “donations” tax deductible, so now taxpayers will the ones subsidizing the propaganda.

  7. The vast majority of newspapers these days are anything but an asset to society. Let them all, well almost all, rot.

  10. They should be allowed to become tax free just to soon as everyone else is allowed to become tax-free. I hope the IRS slams the door in their face.

  11. Love seeing the paywall.
    Means they’re on the way out.
    Larger publishers always give a few free ones up. Then they reset it otherwise they would have no readers at all.

  12. A “community asset” sounds like an entity one small step from becoming a totally non-independent organ of the state/ institutional left, something like our CBC-Pravda leviathan.

  13. So, the IRS will be running a major USA newspaper?

    Watch them approve this quicker than you can say “government should run the press!”

    (Non-profits generally have one major boss – they need to keep the IRS in their corner so they don’t revoke non-profit status.)

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