It was recently announced that The Young Turks Network, led by Cenk Uygur, had secured $20 million dollars in funding to bolster their business/media presence. But while Cenk Uygur attempts to sell his brand to the public as a progressive alternative media outlet, facts reveal that this is nothing more than a façade meant to lure young liberal pragmatists into buying into a hidden corporatist agenda.
The $20 million in funding is slated to be used to increase the size of the TYT newsroom and for business operations – but where did the money actually come from?
It is important to note that TYT has reported on some hard-hitting stories and exposed serious problems within the state, and Uygur was unafraid of calling out corruption—so much so that he quit his job at MSNBC to work on the media project. However, once we start following the recent money, we can see a telling revelation begin to unfold.
The funding comes from a number of sources, so let’s take a look at these entities and the people behind them to better understand the agenda at play.
The main conduit for the funding is a newly created growth equity fund called 3L Capital, with additional financial backing from venture capital groups Greycroft Partners, E.ventures, and WndrCo. — which was recently launched by Hollywood mogul Jefferey Katzenberg.
“News is red hot right now and being positioned on the progressive side of the coin has put us in a very good place,” Uygur said, according to Bloomberg.
One need only look at who is behind the funding to understand the agenda being put into motion.
3L Capital – put together by hedge fund venture capitalist from Netherlands, Dr. Peter Paul De Vries.
Greycroft Partners – venture capital fund run by Alan Patricof — Patricof has been active in Democratic Party politics, contributing to candidates including Bill and Hillary Clinton, whom he met in the Hamptons when they were there guests of lobbyist and Democratic activist Liz Robbins. Greycroft Partners pumps money into the Clinton slush funds so their businesses can curry favor from the government in an effort to maximize profits on the companies they are invested in.
Jeffrey Katzenberg – Hollywood mogul & film producer, Disney, Dreamworks Animation — Katzenberg has been actively involved in Democratic politics. He actively supported Barack Obama, and has been called “one of Hollywood’s premier political kingmakers and one of the Democratic Party‘s top national fundraisers.”
To give you an idea of how enmeshed Katzenberg is in run of the mill corporatist Democratic Party politics, he co-hosted a fundraiser for President Obama at the home of actor George Clooney in May 2012, with the event reportedly raising nearly $15 million.
Additionally, it was reported that Obama held a private meeting in Los Angeles on Oct. 7, 2012, where he joined Bill Clinton at Katzenberg’s Beverly Hills mansion along with several deep-pocketed Democratic donors. Oddly, members of the White House press corps who had traveled to California with Obama were not allowed into the home, but kept in the garage of Katzenberg’s mansion — with one reporter called the meeting “unusual.” Katzenberg, who had previously donated $2 million to the pro-Obama PAC Priorities USA Action, donated an additional $1 million in October 2012….
Read More: thefreethoughtproject.com/clinton-machine-paid-young-turks-undermine-progressive-movement/