While leftists hyperventilate over the donation from News Corp, the parent company of FOX News, to the Republican Governor’s Association, let’s keep one reality in mind: News Corp is hardly alone in its political financial patronage.
According to records filed with the Federal Elections Commission, General Electric — the parent company of MSNBC — has donated more than $1.1 million to Democrats during the 2010 election cycle. In fact, more than 60% of political donations from the corporate giant have gone to leftist candidates. That figure is similar to the 2008 cycle, when General Electric gave 64% of political donations to Democrats.
Time Warner, the parent company of CNN, has also been politically active. According to filings, the company has donated $536,000 to Democrats during the 2010 election cycle. That represents 85% of all political donations from the company. During the 2008 cycle, Turner gave more than $2.3 million to Democrats, or 81% of all donations from the company.
Personally, I’d prefer news companies staying out of politics entirely. But let’s not hyperventilate when the parent company of FOX News decides to financially back one side over another. As demonstrated above, other parent companies do the same thing.
20. August 2010 at 1:39 pm
So, you can’t/don’t/won’t understand that difference between giving $1 million dollars to one group and nothing to the other group, and giving 60% to one group and 40% to the other group?
You don’t understand how one is problematic and the other is typical campaign spending?
And, on top of that, the money from News Corp to the RGA came from corporate only. The money from GE over the last 5 elections came 60% from PAC’s and 40% from individuals who work for GE.
20. August 2010 at 8:34 pm
News Corp. also has a history of donating to Democrats, as noted by the Washington Post.
Quoth:
“Until now, the News Corp./Fox political action committee had given 54 percent of its donations to Democrats and 46 percent to Republicans…”
In fact, other recipients of News Corp. political cash include Harry Reid and Nancy Pelosi. News Corp. also gave $45,000 to Democratic campaign committees on the hill.