Networks Will Be the Big Winners of Overturned Campaign Laws

Last week the Supreme court overturned the campaign financing laws, allowing corporations and unions to donate to political campaigns.  Whether you agree with this decision or not, the one that’s certain from it is that networks stand to be the real winners in the decision. Crain’s says that a Needham & Co. estimate is that about $300 million in additional campaign spending will go directly to local TV stations.  And with the recent Republican win in Massachusetts, Needham predicts that political ad spending will be up 10%. “These two factors work together to create an arms race between corporations and unions, and the only weapons dealers are the local TV stations.”

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