"The FEC’s 5-1 decision came as something of a relief to campaign-finance reformers, who feared the panel might go further by allowing Viacom — and thus any other media company — to spend unlimited resources in elections without having to disclose the spending.
Instead the panel gave the newly registered “Colbert Super PAC” a relatively narrow media exemption applicable only to the humorist’s show. Any assistance from Viacom outside the show must be treated as “in-kind” contributions and reported to the FEC."
FEC allows Colbert to form ‘super PAC’ for 2012 elections - The Washington Post
The Washington Post:
