Why Is Soros Spending Over $48 Million Funding Media Organizations?
Editor’s note: This is the second part of a two part series on billionaire investor George Soros and his ties to the U.S. media. To read Part 1 of the series, click here.
It’s a scene journalists dream about – a group of coworkers toasting a Pulitzer Prize. For the team at investigative start-up ProPublica, it was the second time their fellow professionals recognized their work for journalism’s top honor.
It’s a strategy that Soros has been deploying extensively in media both in the United States and abroad. Since 2003, Soros has spent more than $48 million funding media properties, including the infrastructure of news – journalism schools, investigative journalism and even industry organizations.
And that number is an understatement. It is gleaned from tax forms, news stories and reporting. But Soros funds foundations that fund other foundations in turn, like the Tides Foundation, which then make their own donations. A complete accounting is almost impossible because a media component is part of so many Soros-funded operations.
This information is part of an upcoming report by the Media Research Centers Business & Media Institute which has been looking into George Soros and his influence on the media.
It turns out that Soros’ influence doesn’t just include connections to top mainstream news organizations such as NBC, ABC, The New York Times and Washington Post. It’s bought him connections to the underpinnings of the news business. The Columbia Journalism Review, which bills itself as “a watchdog and a friend of the press in all its forms,” lists several investigative reporting projects funded by one of Soros foundations.
The “News Frontier Database” includes seven different investigative reporting projects funded by Soros’ Open Society Institute. Along with ProPublica, there are the Columbia Journalism Review,and New Orleans’ The Lens. The Columbia School of Journalism, which operates CJR, has received at least $600,000 from Soros, as well.