This is Hot Pod, The Verge’s newsletter about podcasting and the audio industry. Sign up here for more. --- I hope you all had a great weekend/eclipse/first moment of NYC sunshine. Today, I’ve got a look at Ted Cruz’s eyebrow-raising arrangement with iHeart and news on two new acquisitions. Let’s get into it. iHeart doesn’t pay Ted Cruz for hosting Verdict. It pays a Ted Cruz super PAC. This is certainly one way to raise campaign money. Sen.
How the FEC rules could have big implications for how politicians are able to leverage podcasting for fundraising purposes. The typical election-cycle relationship between campaigns and the big radio companies is that those campaigns buy up a lot of spots in local markets — it’s a transaction that financially benefits the radio company. But the Cruz situation flips that relationship on its head.
Source: Entertainment Trends (entertainmenttrends.net)
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Super PAC backing Ted Cruz got $215,000 in revenue from San Antonio's iHeartMediaA super PAC tied to U.S. Sen. Ted Cruz reported accepting nearly $215,000 in “digital revenue” from San Antonio-based iHeartMedia even though a spokesperson for the Texas Republican previously said he receives no paycheck from the podcast he does for the media conglomerate.
Source: SAcurrent - 🏆 607. / 51 Read more »
Ted Cruz Faces FEC Complaint Over Podcast Dumping Money Into Super PACThe podcasting senator is accused of skirting campaign finance laws by funneling cash from his show into a PAC supporting his re-election.
Source: thedailybeast - 🏆 307. / 63 Read more »
Complaint filed over Ted Cruz podcast ad money going to super PACTwo advocacy groups ask the Federal Election Commission to investigate and potentially sanction U.S. Sen. Ted Cruz after more than $630,000 in advertising...
Source: dallasnews - 🏆 18. / 71 Read more »
Ted Cruz Is Turning an Allied Super PAC Into a Media CompanyTed Cruz is once again pushing the bounds of campaign finance laws, this time with his super PAC pocketing hundreds of thousands of dollars for his podcast appearances.
Source: thedailybeast - 🏆 307. / 63 Read more »
Advertiser leaves Ted Cruz's podcast after learning money goes toward super PACAt least one sponsor on U.S. Sen. Ted Cruz's podcast The Verdict has gotten cold feet after recent revelations that ad dollars spent on the program flow to a super PAC working for the Texas Republican's reelection.
Source: SAcurrent - 🏆 607. / 51 Read more »