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.
Far from being an independent progressive news source, as they
proclaim to be, the TYT network is now being supported by your run of
the mill corporatist Clinton money machine. Although attempting to
publicly operate as an insurgent progressive activist outlet – think
Bernie Sanders – the financial backing by the aforementioned entities
reveals something vastly different. More
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