Univision CEO Funds “Cut and Run” Ads

Not much of a surprise, but Univision’s Jerry Perenchio is again one of this election’s top spenders, pouring in $5 million to an independent groups’ ads in Missouri and Ohio warning about those who would “cut and run” in Iraq, the Los Angeles Times reports. Perenchio’s contributions went to a 527 group, in which individuals can give unregulated amounts to independent entities as long as they are unaffiliated with a candidates’ campaign. (The most famous was the group behind the 2004 swift boat ads attacking John Kerry). Perenchio usually ranks atop the list of biggest political spenders, in one form or another, and was second only to homebuilder Bob Perry, who financed the swift boat ads. On the other side of the spectrum, Norman Lear and Edie Wasserman have each given $25,000 to a group targeting Republican Rep. James Walsh of Syracuse.

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