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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. Ted Cruz hosts an iHeartMedia podcast, Verdict, which performs reasonably well among right-wing political shows. He does not get paid for hosting the podcast, but reporting in recent weeks from Forbes and the Houston Chronicle shows that iHeart has paid more than $630,000 to a super PAC that supports…