The Democratic Party bought commercial TV ad slots for their campaign.

Literal

Democratic-Party [topic-は] election-campaign's purpose [for-のために] commercial-TV's broadcast-slots [object-を] bought.

のために here is the purpose sense — 'for the sake of' the election campaign. 民放 is a contraction of 民間放送 ('commercial/private broadcasting'), as opposed to NHK's public 公共放送. The ました ending marks this as polite register despite the journalistic content.