Monday, July 18, 2016

The Israeli-American Haim Saban explains how to buy influence in American politics (and in the Clinton family)

"At a conference last fall in Israel, Saban described his formula. His “three ways to be influential in American politics,” he said, were: make donations to political parties, establish think tanks, and control media outlets. In 2002, he contributed seven million dollars toward the cost of a new building for the Democratic National Committee—one of the largest known donations ever made to an American political party. That year, he also founded the Saban Center for Middle East Policy at the Brookings Institution, in Washington, D.C. He considered buying The New Republic, but decided it wasn’t for him. He also tried to buy Time and Newsweek, but neither was available. He and his private-equity partners acquired Univision in 2007, and he has made repeated bids for the Los Angeles Times."  The article forgot to add that he also tried to buy Aljazeera.