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Another effect of the great amounts of money thrown into campaigning is the effect on the news media.
The major news organizations stand to gain millions in payments for air time. In order to get the political organizations to book with them, they will bend over backward to treat their customers well.
That may very well include a tendency to shape the news and programming to support the very candidates they are soliciting for business.
It happened with tobacco companies, (60 minutes) and they have less power than some of the political constituencies.
When reporting the news, the media should be advising who's paying them, and how much, for advertising.