Elections Are Great Business

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Campaign spending on television ads is on track to hit a record $2 billion this year, which means a windfall for broadcasters, reports Bloomberg News (via the Wilshire and Washington blog). In some areas they’re literally running out of airtime to sell; in others, they’re happily price-gouging. “We start them out at the top fixed rate, which nobody pays by the way, then we double it. It will triple in the final week, ” says the general manager of an Albuquerque station.

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FACT:

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