The bill, which would infuse $500 million annually into newsrooms in the state, passed only due to a reluctant "yes" vote from Sen. Steven Bradford, D-Gardena, who said he still has "great concerns" about the bill but that he would support moving it along.
The money extracted from that fee would fund a new tax credit for qualifying news outlets, with amendments to support small newsrooms, fellowships, and training assistance for reporters.
Senator Bradford is concerned about the requirement that outlets must carry media liability insurance to qualify for the tax credit, potentially impacting smaller and minority-focused media outlets.
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