And while their focus is on things like the type of questions asked by debate moderators, they are overlooking much clearer signs of potential conflicts of interest. Fundraising disclosures released this month and in July reveal that lobbyists for media companies are raising big money for establishment presidential candidates, particularly Hillary Clinton.
The giant media companies that shape much of the coverage of the presidential campaign have a vested stake in the outcome. From campaign finance laws that govern how money is spent on advertising to the regulators who oversee consolidation rules, the media industry has a distinct policy agenda, and with it, a political team to influence the result.
The top fundraisers for Clinton include lobbyists who serve the parent companies of CNN and MSNBC.
The National Association of Broadcasters, a trade group that represents the television station industry, has lobbyists who are fundraising for both Clinton and Republican candidate Marco Rubio.
Presidential campaigns are obligated by law to send the Federal Election Commission a list of lobbyists who serve as “bundlers,” collecting hundreds of individual checks on behalf of a candidate’s campaign.
CNN’s parent company, Time Warner, is represented on Capitol Hill by Steve Elmendorf, an adviser to Clinton during her 2008 campaign, who is also known as “one of Washington’s top lobbyists.” He’s lobbied on a number of issues important for media companies like CNN, including direct-to-consumer advertising policy.
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