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Old August 6th, 2012, 02:50 PM   #74 (permalink)
OutofDate1980
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Guess Who's Profiting Most From Super PACs? | Politics News | Rolling Stone

"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. According to an analysis by Moody's, political ads are expected to account for as much as seven cents of every dollar broadcasters earn over the full two-year election cycle for 2012.

The influx of political cash also means that TV news divisions have what Allison calls a "huge conflict of interest" when it comes to reporting on campaign finance. The profit motive stifles critical coverage of top donors and meaningful reforms, such as public financing of elections.

"Broadcasters have an incentive not to see the system changed," he says."
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