Broadcasters, Cable Could Benefit from Supreme Court Decision | Variety

3
Apr

Broadcasters, Cable Could Benefit from Supreme Court Decision | Variety

As public interest groups were quick to decry the Supreme Court’s decision on Wednesday that removes the aggregate limits on an individual’s total contributions to candidates, there is a possible beneficiary to the loosening of the restrictions: Local TV and radio stations and cable outlets.

The court, in a 5-4 decision, invalidated the $48,600 cap that an individual can give to all candidates in an election cycle, as well as the $74,600 limit on contributions to political parties. Donors will still be limited to a $5,200 contribution to any one candidate during a cycle.

But the net effect, campaign reform advocates say, will be more money flowing into the system.

Miles Rapoport, president of Common Cause, called the decision “Citizens United round two, further opening the floodgates for the nation’s wealthiest few to drown out the voices of the rest of us.”

The Supreme Court’s Citizens United decision in 2010 removed restrictions on individual and corporate contributions to independent committees that advocate for or against a candidate as Election Day nears. That decision left in place caps on direct contributions from individuals to candidates. It is often credited with indirectly giving rise to SuperPACs, which dominated in the last presidential election cycle. Donors such as Sheldon Adelson made huge outlays of tens of millions of dollars to SuperPACs closely affiliated with Republican candidates, while Jeffrey Katzenberg helped lead an effort to maximize contributions to Priorities USA, a SuperPAC closely associated with President Obama’s reelection campaign.

via Broadcasters, Cable Could Benefit from Supreme Court Decision | Variety.

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