You will be redirected back to your article in seconds

Colbert SuperPAC Raises Just Over $1 Million

In papers filed with the Federal Election Commission, Stephen Colbert’s SuperPAC reported raising $1,023,121.24 as of Jan. 30.

Shauna Polk, the treasurer of Americans for a Better Tomorrow, Tomorrow, wrote in a letter to the FEC, “Stephen Colbert, President of ABTT, has asked that I quote him as saying, ‘Yeah! How you like me now, F.E.C? I’m rolling seven digits deep! I got 99 problems but a non-connected independent-expenditure only committee ain’t one!’

“I would like it noted for the record that I advised Mr. Colbert against including that quote.'”

His SuperPAC also filed a summary of its finances as of the end of 2011. It showed that its contributions were largely small-dollar, although the largest single donor was Aubrey Ayash, president of the Federal Coal Co., who donated $3,000 in August. Other donors included bankers, software developers, a soldier, a prison guard and a physician. California Lt. Gov. Gavin Newsom gave $500, and actor Bradley Whitford gave $250.

A big chunk of the SuperPAC’s $151,521 in expenses went to pay legal fees and for media consulting. Less than $10,000 went to TV advertising in Iowa, where it spent money for ads supporting Rick Parry (with an “A”) before the Iowa Straw Poll in the summer. The SuperPAC recently advertised in the South Carolina primary, but those figures were not included in the year-end report.

The SuperPAC had $673,954 cash on hand at the end of the year.

Colbert said in a statement, released by his SuperPAC, “Colbert Super PAC has brought in a staggering $1,023,121.24, which my accountant explains to me that is a number far above ‘one,’ ‘two,’ ‘five,’ or even ‘many.’ We raised it on my show and used it to materially influence the elections – in full accordance with the law. It’s the way our founding fathers would have wanted it, if they had founded corporations instead of just a country.”

More Voices

  • Contract Placeholder Business WGA ATA Agent

    WGA, Agents Face Tough Issues on New Franchise Pact (Column)

    The Writers Guild of America and the major talent agencies are seven weeks away from a deadline that could force film and TV writers to choose between their agents and their union. This is a battle that has been brewing for a year but few in the industry saw coming until a few weeks ago. [...]

  • FX Confronts Streaming Thanks to Disney

    Kicking and Screaming, FX Is Forced to Confront Future in the Stream (Column)

    During his network’s presentation at the winter Television Critics Assn. press tour, FX chief John Landgraf made waves — and headlines — by mounting perhaps his most direct criticism yet of Netflix. Landgraf, whose briefings to the press tend to rely heavily on data about the volume of shows with which FX’s competitors flood the [...]

  • Longtime TV Editor Recalls Working for

    How a Bad Director Can Spoil the Show (Guest Column)

    I have been blessed with editing some of TV’s greatest shows, working with some of the industry’s greatest minds. “The Wonder Years,” “Arrested Development,” “The Office,” “Scrubs,” “Pushing Daisies” and, most recently, “A Series of Unfortunate Events.” I have earned an Emmy, ACE Eddie Awards, and many nominations. But whatever kudos I’ve received, over my [...]

  • Stock market Stock buyback

    Stock Buybacks Leave Firms Without Funds to Invest in Future (Column)

    Corporate giants on the S&P 500 have spent more than $720 billion during the past year on stock buybacks. Media and entertainment firms account for only a fraction of that spending, but even $1 million spent on share repurchases seems a foolhardy expenditure at this transformational moment for the industry. The record level of spending [...]

  • Hollywood Has Come Far With Diversity

    An Insider's Look at Hollywood's Diversity Efforts and How Far It Still Needs to Go

    I am a white man working in Hollywood. I grew up in Beverlywood, an all-white, predominantly Jewish, Los Angeles neighborhood sandwiched between 20th Century Fox Studios and MGM, where my elementary school had only one black student. I am compelled to write about diversity in Hollywood because “diversity” — in front of and behind the camera [...]

More From Our Brands

Access exclusive content