Guess who is profiting most from Super Pacs?Submitted by Ian56 on Tue, 08/07/2012 - 09:16
Rolling Stone: "While TV stations are required by law to offer discounted airtime to politicians, Super PACs have to pay market rates... In essence, broadcasters are now profiteering from a vicious circle of corruption: Politicians are beholden to big donors because campaigns are so expensive, and campaigns are so expensive because they're fought through television ads. The more cash that chases limited airtime, the more the ads will cost, and the more politicians must lean on deep-pocketed patrons. In short, the dirtier the system, the better for the bottom line at TV stations and cable systems."
So it's people like Murdoch who owns Fox News and Bain Capital (and therefore Romney) who own Clearchannel who are profiting.
Companies like Disney.
The media and their pundits have a vested interest in portraying this election as a close race.
They will sell more ads at higher rates to SuperPacs, it will sell more papers, it will increase ratings. (Ratings for political shows would fall off a cliff if they said the outcome was already known.)
In reality it is already over if Romney is nominated.
Predicted outcome Obama 347 Romney 191.
US media ownership in detail.