Rocked by coronavirus losses, TV, radio, newspapers seek government ad dollars
NEW YORK - Every year the federal government spends around $1 billion in advertising to promote its programs and military recruitment.
But many of the local TV, radio and newspaper companies that carry those advertisements are being financially devastated by the economic shutdown in most of the country due to the coronavirus crisis - even as the hunger for news and information on the pandemic is driving up viewing and readership.
