Super PAC Fighting to Keep Harry Reid in Control of Senate is Flooded with 'Dark Money'

Reid: ‘Dark money’ is the ‘greatest threat to our democracy that I have witnessed’

September 16, 2014

One of the biggest donors to the Super PAC aiming to keep Sen. Harry Reid (D., Nev.) in control of the Senate is a corporation run by a notorious Democratic donor that is contributing millions to outside spending groups.

Newsweb Corp, described as a printer of "alternative newspapers," has been the second largest contributor to Senate Majority PAC so far this cycle. The company was founded by Fred Eychaner, who quietly contributed more than $14 million to liberal Super PACs in during the 2012 election.

Newsweb has thrown nearly $6 million into the political ring so far this cycle, and nearly all of it has gone to outside spending groups.

"The American people reject the notion that money gives billionaires, corporations or special interests a greater voice in government than voters," Reid said on the Senate floor last week. "They believe, as I do, that the Constitution doesn’t give corporations a vote, and it doesn’t give dollar bills a vote."

Senate Majority PAC, which has been the largest political force fighting to keep the Senate in Reid’s hands, has taken in $4 million from Eychaner’s Newsweb. House Majority PAC got $1.5 million.

Newsweb also threw $47,300 to the Democratic Senatorial Campaign Committee, a slightly larger donation than the $32,400 given to the Democratic Congressional Campaign Committee. The Democratic National Committee also got $32,400.

Only billionaire Tom Steyer, who has been a very public figure for the Democrats, has given more to Senate Majority PAC so far.

Eychaner tries his hardest to stay out of the spotlight, saying that he does not "want to be a player" in politics. He was described by the National Journal as the "most mysterious figure in Democratic party politics."

Senate Majority PAC has already spent $33 million this cycle. More than 80 percent of that money was used to smear Republican candidates across the country.

The super PAC has been by far the biggest independent spender during the 2014 election cycle.

Earlier this year, Reid called "dark money" in politics the "greatest threat to our democracy that I have witnessed during my tenure in public service."