Which of these is greater? The money that flows through (1) the New York Times corporation, or (2) the campaigns of all federal Republican candidates, political action committees, and special interest groups combined?
During the 2015-2018 presidential and congressional election cycles, all federal Republican candidates, political action committees, and special interest groups spent a combined total of $5.5 billion. In this same period, the New York Times corporation had revenues of $6.6 billion---or 20% more than the entire federal Republican political machinery. The Ochs-Sulzberger family has owned a controlling share of the New York Times for more than a century. Hence, this one corporation, which is controlled by one extended family, has more financial capacity to influence elections than the combined donations of all U.S. citizens to federal Republican campaigns and causes. Other large media corporations are also controlled by wealthy individuals, including the Washington Post, Time, and The Atlantic.