Media mogul drops $1.5 million into initiative campaigns

SacBee: Capitol Alert ^ | 3/30/9 | Peter Hecht

[SmithL]

A. Jerrold "Jerry" Perenchio, former chair of the largest Spanish-language media company in the United States, has donated $1.5 million to back two May special election measures.

Perenchio's donated the money to the Budget Reform Now committee, which calls for "yes" votes on Propositions 1A and 1C.

Proposition 1A would impose state spending restrictions, establish a "rainy day" fund for budget shortages and extend tax increases for two years. Proposition 1C allows the state to borrow $5 billion against future profits of a revamped state lottery.

It is the second time that Perenchio, former head of Univision Communications Inc., has spent big bucks to help the ballot agenda of Gov. Arnold Schwarzenegger.

[psjones]

No on both of them, these politicians are out of control.

[hsalaw]

I haven’t read any of these initiatives yet, but my first inclination is to vote NO on every damn thing these bloodsucking politician want to do.

[Uncle Hal]

Every time I see Perenchio’s name I recall 30 years ago when I used to work in Century City. His driver used to park his car next to mine. The only person I ever saw was the driver never the owner. I guess this is my claim to fame.

[Digger]

NO is the correct vote choice but do you notice that it is 99% liberals giving to these causes while so-called conservatives hoard their money & expecting everyone else to bail them out of communism.