A lot of factors contributed to Rep. Cliff Stearns’s unexpected primary loss, including the number of candidates running in the race and the size and shape of his new district. But one thing Stearns didn’t struggle with was a deficit in cash – in fact, he had more than $2 million in the bank when the race ended. And tech and telecom companies fronted a chunk of it.
Over the course of the 2012 campaign, Stearns picked up big checks from NCTA, Verizon, Microsoft, Deutsche Telekom, NAB, and AT&T. In fact, the TV/music/movie industries and telephone utilities were the first and third contributing industries to his campaign, according to data compiled by the Center for Responsive Politics, which tracked in the measurement both individual and PAC donations as of July.
Via Morning Tech.