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MD HB51

MD HB51
Business Regulation - Sale of Local News Organizations - Required Notice


summary

Introduced
01/08/2025
In Committee
01/08/2025
Crossed Over
Passed
Dead
04/08/2025

Introduced Session

2025 Regular Session

Bill Summary

Requiring a local news organization, at least 120 days before the organization is sold, to provide written notice to certain employees affected by the sale, the Maryland Department of Labor, the governing body of the county where the local news organization is located, and certain nonprofit entities in the business of buying local news organizations; prohibiting the sale of a local news organization unless the written notice is provided; etc.

AI Summary

This bill establishes new requirements for the sale of local news organizations in Maryland by creating a detailed definition and notification process. A "local news organization" is defined as a professional media entity that produces original content about public interest, employs at least one full-time local journalist, and discloses its ownership or board of directors. The bill applies to organizations that have published consistently over the past year (either in print or digital formats), primarily cover local news, and are non-profit organizations with a stated mission of covering state or local news. The key provision requires that at least 120 days before selling such an organization, the owner must provide written notice to: (1) affected employees and their representatives, (2) the local county government and state department where the organization is located, and (3) any non-profit in Maryland that specializes in purchasing local news organizations. Critically, the sale cannot be completed until this notification requirement is fulfilled. The bill is set to take effect on October 1, 2025, and includes specific exclusions for organizations that receive significant funding from political action committees or certain types of tax-exempt organizations.

Committee Categories

Business and Industry

Sponsors (7)

Last Action

House Economic Matters Hearing (13:00:00 1/22/2025 ) (on 01/22/2025)

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