Newspaper Bailout Coming?

With the recent threat of the NYT shutting down the Boston Globe, the politicians in Washington are starting to get involved in the newspaper industry. They fear the very freedom of the press is at risk. Joe Weisenthal at Silicon Alley Insider thinks a newspaper bailout is inevitable, at least for some of the top players (NYT, LA Times, Chicago Tribune, and WaPo.)
He brings up the possibility of a national media bank that would provide low-interest bridge loans or grants.
I can't see any other solution for the industry besides a non -profit approach. When I worked at The Christian Science Monitor, our Publisher argued that since we were a non-profit, we should pursue non-proift fund raising techniques. But the Board of Trustees wouldn't buy it. Our Publisher left soon afterwards, and now the paper has converted from a daily paper to a weekly magazine. I still think our Publisher was right, but it will be interesting to see how the Monitor performs under this new approach. Could they have the answer that will save the industry? Probably not, but it just may work for the Monitor's unique style of analytical journalism, which lends itself to a weekly.