News Corp. Disclosure Policy Stirs Controversy
This week News Corporation unveiled a new policy of annual disclosure of their political activities. Specifically, the policy mandates that information on corporate political contributions made in 2011 be made available in January of 2012.
While the move is a step in the right direction, many argue it does not go far enough.
Public Campaign President Nick Nyhart weighed in on the matter:
“Media conglomerate News Corp.’s decision to disclose its corporate donations to shareholders only after elections are over does little to nothing to address the growing problem of big money dominating American elections,” said Nyhart. “Any casual observer of politics understands the bankruptcy in a policy that gives shareholders no say in decisions, retains secrecy around who makes contribution decisions, and discloses only once a year as far away from election day as possible."
The Huffington Post covered the full story, which can be found here.