Skip to main content
On His Own

Gingrich’s Cash Cow May Be Drying Up

Sheldon Adelson’s cutting off Newt’s super PAC for while.

Once clogging radio and television airwaves with Spanish-language ads and mini-documentaries about the evils of Mitt Romney, Newt Gingrich has recently become pretty quiet. The reason can be surmised simply by following the money: major Newt backer Sheldon Adelson has written his last big check to Gingrich’s super PAC for a while. The Adelson family has given $11 million in the past two months to Winning Our Future. While in Florida alone the super PAC spent $6 million on TV, radio, and Internet ads, this past week Winning Our Future has spent only $61,290 on advertising. Without continued contributions from the Adelson fund, Gingrich’s campaign plans to fundraise on its own.

Read it at Bloomberg

TRENDING NOW