Campaign 2012: Hubbard Broadcasting Chief Endorses Michele Bachmann's Presidential Campaign (Report)

Conservative billionaire Stanley Hubbard to raise funds for hometown congresswoman.

CORRECTED: An earlier version of this story confused Stan S. Hubbard, chairman of Hubbard Broadcasting, with his son Stan E. Hubbard, CEO of Reelzchannel. 

Hubbard Broadcasting chief Stan S. Hubbard is supporting Republican presidential candidate Michele Bachmann, who won the Iowa straw poll on Saturday.   

"We’ve known Michele for a long time,” Hubbard told told website Politico. He lives in Bachmann’s suburban St. Paul, Minnesota congressional district. “She’s a very decent person who is full of integrity. She means what she says.”

Hubbard had been supporting former Minnesota Governor Tim Pawlenty, who dropped out of the Republican presidential race after a poor showing in the straw poll

Hubbard is the chairman of the family-owned and Minnesota-based Hubbard Broadcasting, which owns thirteen TV and twenty-two radio stations. He is a well-known conservative Republican donor. In 2008, he donated to the presidential campaigns of Mitt Romney and Rudy Guiliani before ultimately supporting nominee John McCain. He also donated at least $100,000 in soft money to the Newt Gingrich-founded American Solutions for Winning the Future group.  Forbes estimates Hubbard's net worth at $1.9 billion.

He is the father of Stan E Hubbard, CEO of ReelzChannel, which is best known for broadcasting the controversial The Kennedys mini-series in April after the History Channel cancelled the series under pressure from the Kennedy family and its loyalists. The Kennedys garnered ten Emmy nominations, including for best mini-series and acting nominations for Greg Kinnear, Barry Pepper, and Tom Wilkinson. Launched in 2006, ReelzChannel is now available in about 50 million homes.