Emmis lost money on Evan Bayh's 2003 autobiography, ``From Father to Son: A Private Life in the Public Eye,'' company spokeswoman Kate Snedeker said. Bayh gave the $4,105 of book royalties to the Evan and Susan Bayh Family Foundation.
The book deal creates the appearance of ``a favor being done for the candidate by the company that his wife is on the board of,'' Buzenberg said.
Smulyan said Emmis published the memoir with expectation of making a profit. Kleiman, Bayh's spokesman, said the deal involved ``a standard book contract that was approved by the Senate Ethics Committee.''
Tuesday, August 19, 2008
Bloomberg Hits Bayh On Conflicts
Bloomberg News tackles the financial conflicts of interest that Sen. Evan Bayh and his wife, Susan, have created for themselves, a topic which seems to be off limits for most of the mainstream media. The story hits the power couple for Susan's work as a director on seven different corporate boards, pulling in close to a $1 million a year for the couple. The story also hits Bayh's relationship with Emmis Communications, which is run by long-time Bayh supporter and political contributor, Jeff Smulyan. Susan sits on Emmis' board. Bloomberg reports on the losing book deal with Bayh: