This is Hot Pod, The Verge’s newsletter about podcasting and the audio industry. Sign up here for more. --- I hope you all had a great weekend/eclipse/first moment of NYC sunshine. Today, I’ve got a look at Ted Cruz’s eyebrow-raising arrangement with iHeart and news on two new acquisitions. Let’s get into it. iHeart doesn’t pay Ted Cruz for hosting Verdict. It pays a Ted Cruz super PAC. This is certainly one way to raise campaign money. Sen.
How the FEC rules could have big implications for how politicians are able to leverage podcasting for fundraising purposes. The typical election-cycle relationship between campaigns and the big radio companies is that those campaigns buy up a lot of spots in local markets — it’s a transaction that financially benefits the radio company. But the Cruz situation flips that relationship on its head.
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