TV Stations Set to Gain Political Ads After Supreme Court Ruling
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The owners of local TV stations such as CBS Corp. and Sinclair Broadcast Group Inc. may see more advertising money flowing in during this year’s election season, thanks to a ruling from the nation’s highest court yesterday.
A divided U.S. Supreme Court struck down decades-old limits on the total amount of money that donors can give to federal candidates and parties, dealing a fresh blow to efforts to curb the role of money in American politics. The ruling may end up funneling more dollars into TV commercials plugging candidates.