The Newspaper Preservation Act, passed by the United States Congress in 1970, granted special antitrust exemptions to certain newspapers as a means of maintaining the editorial and reportorial independence and competitive nature of the press. However, an analysis of specific cases that have involved the act reveals that, while purportedly designed to maintain two independent editorial voices in a community, the act has been used to eliminate economic competition that might otherwise have been preserved. In addition, the act has not prevented the demise of dual editorial voices in metropolitan areas. Finally, the intent of the act has been distorted by including under its aegis newspapers that are not in probable danger of financial failure. As current antitrust legislation receives close scrutiny by the Congress, a reassessment of public policy regarding the Newspaper Preservation Act would seem to be appropriate as well. (Author/FL)