intermedia partners

By now most people have heard that Barack Obama's nominee for Secretary of Health and Human Services, Tom Daschle, has backed out due to some major tax problems. Many have probably even heard that the bulk of his problems involve his affinity for free limo service, not to mention the inevitable limousine liberal jokes that followed. However, most have no idea exactly who was paying for Daschle's free rides.

That company is a media investment firm named InterMedia Partners. They own or have controlling stakes in a variety of media platforms from outdoor magazines to Spanish language television to Christian publishing companies. On top of providing him with the now troublesome transportation they also paid Daschle a million dollar annual salary for his advice. Here is how Fox News described Daschle and InterMedia's car troubles:

Senator Daschle is a limited partner in InterMedia Partners of Englewood, CO and Chairman of its Executive Advisory Board. Senator Daschle also is an independent consultant to InterMedia Advisors, LLP of New York City. He entered into a business relationship with InterMedia in February, 2005. Beginning in April, 2005, the senator was provided the use of a car and driver by Mr. Leo Hindery, the Managing Partner of InterMedia. In addition to being business partners, Mr. Hindery and Senator Daschle have been personal friends for many years. Charges for the car and the services of the driver were billed to InterMedia. InterMedia did not issue Senator Daschle a Form 1099 for the value of the car service and Senator Daschle did not report the value of the car service as income on his original tax returns for 2005, 2006 and 2007.