Billionaire Conservatives Say Trump Has To Go For Republicans To Beat Joe
Portfolio Pulse from Chris Katje
A political action committee (PAC) founded by billionaires is launching ads to discourage voters from choosing Donald Trump as the Republican nominee for the 2024 presidential election. The PAC, American for Prosperity Action, has spent $1.7 million in North Carolina, Arkansas, and Tennessee on new advertisements. The PAC is funded by Koch Industries and Charles Koch, and has previously spent $4 million on ads during the first Republican debate aired on Fox News, a unit of Fox Corporation (NASDAQ:FOX)(NASDAQ:FOXA).
August 31, 2023 | 11:06 pm
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POSITIVE IMPACT
Fox Corporation could see increased ad revenue due to the PAC's spending on ads during the Republican debates aired on its network.
The PAC's spending on ads during the Republican debates, which are aired on Fox Corporation's network, could lead to increased ad revenue for the company.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Fox Corporation could see increased ad revenue due to the PAC's spending on ads during the Republican debates aired on its network.
The PAC's spending on ads during the Republican debates, which are aired on Fox Corporation's network, could lead to increased ad revenue for the company.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70