Clinton Presidency Could Lead to Tougher Sponsorship ID Laws, Gallant Says
Sen. Elizabeth Warren’s focus on political spending disclosures could have implications for broadcasters if Democratic Party presidential nominee Hillary Clinton is elected, Cowen and Co. analyst Paul Gallant emailed investors. Warren, a Massachusetts Democrat, has supported making FCC sponsorship identification…
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rules more rigorous, and Friday attacked the SEC over not pursuing companies on political spending, Gallant said. “If Hillary Clinton becomes president, we would expect Warren to insist that the next FCC chair require local TV stations to disclose the true identity of political ad purchasers." That's “potentially a long-term concern for broadcasters,” he said. Warren indicated she wants to change policy by influencing presidential appointments to executive agencies, Gallant said. “We suspect Sen. Warren will press the next FCC chair to commit to disclosure of funders of political ads,” Gallant said. “She could threaten to block an FCC chair nominee who fails to commit to requiring greater disclosure.” That could have a “potential dampening effect” on campaign spending on political ads, Gallant said. Warren's office didn't comment.