Paycheck Protection Program Attempts to Save Newspapers

 

The pandemic has done extensive damage to multiple industries. Many of them have to rely on government assistance in order to stay afloat. Over 2,000 companies within the newspaper industry have received funding via the paycheck protection program. While this is just a small amount of the 5 million-plus loans sent out to small businesses. The Paycheck Protection Program was established as a part of the CARES Act. This was created in order to aid small businesses. Since the pandemic had them on the verge of closure. I am not sure if these PPP loans are going to actually save the newspaper industry. It was already starting the wain in popularity and the pandemic did not help.