This website talks about how newspapers are failing. They argue that because of free news on the internet and their low/ limited budget they will not survive in the future.
This is another website that talks a little bit more about the Newspaper Preservation Act and its purpose. It also talks about how it promotes competition and keeps failing newspapers alive.
The so-called media shield law approved by the Senate Judiciary Committee Sept. 12 would likely fail to curtail the Obama administration's most controversial legal offensives against reporters, critics and supporters alike say. Furthermore, it's possible courts could also restrict limited reporter protections if the "Free Flow of Information Act" becomes law.