NEW Report: “Nearly all funds paid to Ted Cruz-tied PAC through podcast deal have gone to his reelection bid”
Records show almost every dollar raised through Cruz’s shady podcast deal has gone to benefit his reelection
AUSTIN, Texas – Podcasting three days a week instead of working hard for Texans is paying big dividends for Ted Cruz’s campaign.
According to the San Antonio Current, “nearly all the money so far generated by U.S. Sen. Ted Cruz's controversial podcast-syndication deal… has gone to directly support his reelection bid.”
“Neither Cruz's camp nor iHeartMedia was available for immediate comment”
San Antonio Current: Nearly all funds paid to Ted Cruz-tied PAC through podcast deal have gone to his reelection bid
By Sanford Nowlin
Nearly all the money so far generated by U.S. Sen. Ted Cruz's controversial podcast-syndication deal with San Antonio-based iHeartMedia has gone to directly support his reelection bid, federal records show.
During the current election cycle, Truth and Courage — a super PAC that receives payments from radio group iHeartMedia as part of the company's distribution agreement for The Verdict With Ted Cruz podcast — spent a total of $712,994 to back the Texas Republican's reelection, according to campaign finance filings.
The $712,994 sum accounts for the vast majority of the $786,000 iHeartMedia has pumped into Truth and Courage since the podcast distribution deal was inked in late 2022, campaign finance records show.
Experts also have raised questions about whether the syndication agreement will prompt an investigation by the IRS.
Neither Cruz's camp nor iHeartMedia was available for immediate comment Thursday.
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