Obama, Bill Ayers, and FactCheck.Org: all Have ties to Annenberg.
I know. I don't think that is the issue. After all Walter Annenberg was a close friend of Ronald Reagan.
With these big sources of money, IMO it's not who you can link in some way to the foundation, it's the track record of the specific people who have the grant in question.
Ayers ended up on the board of the Annenberg challenge despite his radical past. In recent decades, he's become a respected university professor. Conservative Republicans, such as the President of Northwestern University also worked with Ayers on the Annenberg Challenge. The "X is connected to Ayers therefore X is evil" ends up tarring a lot of descent people like Walter Annenberg unfairly.
The fact that this tenuous association is such a critical part of Berg's case makes it pretty suspect. If I recall correctly, a case on these grounds has already been thrown out in PA; Berg and his ilk are just spamming the courts with cases. I don't think the people filing these cases even expect to win, they just want to keep this rumor in the news cycle. It's pretty sleazy and I think there are real issues, such as Obama's spending increases that we should be focusing on.
The COLB was also verified by several newspapers. I believe the St. Petersburg Times was one.