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Broadcasters Fighting Parts of DISCLOSE Act

In response to the Supreme Court’s controversial Citizens United decision earlier this year, Democrats are now pushing legislation designed to limit the

Jul 31, 2020
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In response to the Supreme Court’s controversial Citizens Uniteddecisionearlier this year, Democrats are now pushing legislation designed to limit the influence of corporate money on federal elections — the very thing that the High Court had relaxed. But don’t go telling the country’s radio and television stations what’s good for democracy. Indeed, the National Association of Broadcasters is gearing up to fight provisions of the bill they fear will cut into profits.
The bill would require television, cable and radio outlets to offer the Republican National Committee, the Democratic National Committee and other political party committees the same deeply discounted price – the “lowest unit rate,” in industry jargon – that television stations are now required to offer only to political candidates. Although advertising rates fluctuate dramatically, veteran media buyers estimate that candidates’ campaigns often pay two-thirds of the retail price that regular television advertisers such as McDonald’s and Coca-Cola pay.
“NAB is reviewing the bill,” spokesman Dennis Wharton said in a statement April 29. “We would have concerns with provisions in the legislation that would expand the lowest unit rate discounts now afforded federal candidates to political parties and political committees.”
What’s strange about that position is that, while the Democrats’ bill would force reduced rates for some groups, broadcasters, post-Citizens United, remain in a position to reap enormous profits from an increase in political adsfrom companies and interest groups — organizations that will be paying the full price for the air time.
While we’re on the topic of corporate influence over Congress, it’s worth noting that the National Association of Broadcasters is now headed by Gordon Smith, former GOP senator from Oregon.
Camilo Wood

Camilo Wood

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Camilo Wood has over two decades of experience as a writer and journalist, specializing in finance and economics. With a degree in Economics and a background in financial research and analysis, Camilo brings a wealth of knowledge and expertise to his writing. Throughout his career, Camilo has contributed to numerous publications, covering a wide range of topics such as global economic trends, investment strategies, and market analysis. His articles are recognized for their insightful analysis and clear explanations, making complex financial concepts accessible to readers. Camilo's experience includes working in roles related to financial reporting, analysis, and commentary, allowing him to provide readers with accurate and trustworthy information. His dedication to journalistic integrity and commitment to delivering high-quality content make him a trusted voice in the fields of finance and journalism.
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