2 ms·
I once worked for a for-profit student newspaper that had a non-profit landlord, which existed almost solely to lease space at a discount to the for-profit comp
by morisy 17y ago
I once worked for a for-profit student newspaper that had a non-profit landlord, which existed almost solely to lease space at a discount to the for-profit company and support that for-profit's "educational" mission. It saved thousands annually on property tax, while leaving the for-profit paper completely free to do whatever it wanted.
Editorial endorsements, for example, are a legally murky area for non-profits (though the IRS traditionally lets newspapers slide) but completely fine for for-profits.