Trade The Vote - Cumulus Media

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No matter who you're voting for - one thing is clear: democracy is not cheap.

558 days from election day '08, and presidential hopefuls have already raised a mind-boggling $157 million dollars - five times first quarter totals in 2003.

In the last election - candidates raised what was then a record $684 million, but many are predicting this year's totals could pass the $1 billion mark.

And that could be just the beginning - the Supreme Court is considering relaxing campaign finance restrictions that would open the floodgates to special interest spending - funneling even more money into political process.

As Barack and Rudy fight it out on the airwaves, TV and radio companies will see a windfall.



What's the best trade from our first billion dollar election?

Dylan Ratigan explains that one company which stands to benefit from all the campaign spending is Cumuls Media (CMLS).

Cumulus Chief Executive Lewis Dickey joins the guys for this conversation on the fast line.

Dylan asks how much added revenue will CMLS make from the campaign.

Dickey says the numbers are staggering. He explains a notable increase in campaign spending first started in 1960 and in the last few years it’s grown very rapidly.

Dylan explains from the Summer of ’03 until the ‘04 election, CMLS share price nearly doubled. He asks what will the cash inflow be like this time around.

Dickey answers that it’s a high margin business – and the increased campaign spending can do nothing but benefit all broadcasting.

Symbol
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CMLSQ
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Questions? Comments? fastmoney@cnbc.com

Trader disclosure:
On APR 26, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (SWY);Strazzini Owns (WMT), (YHOO); Bolling Owns (XOM), (AMZN) Options, Gold, Silver, Corn; Bolling Is Short Soybeans