Friday, July 1, 2011

Comedian Colbert Wins U.S. Approval for Fundraising 'Super PAC'

July 01, 2011, 12:23 AM EDT By Lisa Lerer July 1 (Bloomberg) -- Comedian Stephen Colbert got permission from the U.S. Federal Election Commission to form a "super PAC" that can raise unlimited money from corporations, unions and individuals to support or oppose candidates in 2012. Colbert, who portrays a conservative television commentator on Comedy Central's "Colbert Report," sought a media exemption to let him use the show's resources, such as air time and staff, without it being viewed as an in-kind contribution to Comedy Central's parent company, Viacom Inc

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