Donations by Media Companies Tilt Heavily to Obama

Wall Street may lean Republican this presidential election cycle, but the New York media world is staunchly Democratic.

All the major media companies, driven largely by their Hollywood film and television businesses, have made larger contributions to President Barack Obama than to his rival, former Gov Mitt Romney (R-MA), according to the Center for Responsive Politics, a nonprofit, nonpartisan Washington-based research group that publishes the Open Secrets Web site. The center’s numbers represent donations by a company’s PAC and any employees who listed that company as their employer. Even companies whose news outlets are often perceived as having a conservative bias have given significantly more money to Mr. Obama. Rupert Murdoch’s News Corporation, for example, has contributed $58,825 to Obama’s campaign, compared with $2,750 to Romney. The conglomerate, which owns Fox News, The Wall Street Journal, The New York Post and the 20th Century Fox studios, gave roughly the same amount to Romney’s Republican primary competitors Rick Perry and Ron Paul as it did to Romney.