Editor and Publisher suggests a new profit model for newspapers — Low-Profit Limited Liability Company, or L3C. An L3C is “a corporation that qualifies as a charity under IRS rules but runs as a for-profit business.” An L3C is allowed to take money from charities and nonprofits because it serves a social benefit. The Newspaper Guild is currently lobbying Congress for legislation that would state explicitly that newspapers serve this social benefit.
You can read the Editor and Publisher article in its entirety here.