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Zell Bucks His Own Papers -- Gives Mucho Bucks to McCain

Magazine article Editor & Publisher

Zell Bucks His Own Papers -- Gives Mucho Bucks to McCain

Article excerpt

While Sam Zell's biggest newspapers, the Chicago Tribune and Los Angeles Times, made history endorsing a Democrat, Barack Obama, this year, he has been busy giving tens of thousands of dollars in contributions to Obama's opponent, Sen. John McCain.

Among other CEOs: Rupert Murdoch has given $2,300 to McCain, Richard Scaife and Philip Anschutz have heavily backed Republicans, while William Dean Singleton has pretty much sat it out while his fellow MediaNews honcho Richard Scudder has funded Obama.

A review of several online campaign donation sites shows Zell, listed as the chairman of his Equity Group Investments, donated at least $40,000 to McCain campaign committees this year. The first was $20,000 to the McCain Victory Committee on May 6, 2008, while another $20,000 is listed to McCain-Palin Victory 2008 on Sept. 16, according to CQ Moneyline and others.

That did not seem to influence the Tribune, whose endorsement of Obama marked the first Democratic presidential nominee to receive the paper's backing in its history, while the Times offered its first presidential endorsement since 1972 with this year's support for Obama. …

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