
“Super PACs may be bad for America, but they’re very good for CBS.” CBS president Les Moonves’ candid comment at an entertainment law conference (Bloomberg, 3/10/12) was one of the few honest things said by someone so deeply involved in the post–Citizens United political ad frenzy. This past election season was dominated by a record amount of ads, including many that were alarmingly misleading, and which raked in record profits for the media corporations who covered the election. Moonves was celebrating what, according to Bloomberg (3/10/12), was a projected boost in profits “by $180 million this year from political advertising,” [...]







