Open borders proponent and billionaire George Soros, who has earned a reputation for funding far-left extremist organizations, including paying protestors to create ‘viral moments’, and human trafficking networks from Africa and the Middle East into Europe, has invested in the controversial left-wing news company Vice Media. This latest investment by Mr. Soros in news media was completed through his fund management company, though he has personally funded more than 180 media-related groups and is connected to many prominent mainstream news journalists.
A group of investors including Soros Fund Management LLC, 23 Capital, Fortress Investment Group LLC, and Monroe Capital financed USD $250 million in debt for the failing news brand as part of its “turnaround strategy” according to new CEO Nancy Dubuc, who has been heading the company since 2018. As the investment was announced, Vice Media combined several of its websites including Vice News, Munchies, and Motherboard altogether into Vice.com.
In late 2018, Vice Media was reported to shrink its workforce by 10-15 percent through a hiring freeze and reduce its digital sites because growth had stalled and some advertisers ended sponsorships. Founded in 2013 in New York City, Vice is known for overtly provocative and inflammatory choices of content coverage from the left-wing perspective. Their editorial choices include heavy emphasis on drugs, profane sex and transgenderism, political far-right conspiracies, and convey suggestive racial undertones. In the past, Vice proposed to “Blow Up Mount Rushmore,” criticized the Catholic Church’s policy on abortion and contraception, promoted false claims that Planned Parenthood videos were deceptively edited, and encouraged children to find their inner drag queens.
What was once a USD $6 billion global media company, its boundary-pushing agenda cultivated an internal "toxic sexual-harassment culture”, which led to multiple lawsuits and the suspension and firing of lead filmmaker Jason Mojica. Last year, two Vice executives - President Andrew Creighton and Chief Digital Officer Mike Germano – were put on leave from the company over sexual harassment scandals. Additionally, Vice reporters are generally not well regarded among the global network and mainstream and freelance, particularly in terms of their conduct in conflict zones.
Funding for the MSM’s Far-Left News Coverage
Mr. Soros’ influence has been integral to the fake news epidemic of the mainstream new media. As Media Research Center writes:
George Soros is arguably the most influential liberal financier in the United States, donating more than $8 billion just to his Open Society Foundations. In 2004, he spent more than $27 million to defeat President George W. Bush and has given away millions more since to promote the left-wing agenda. But what goes almost without notice is Soros' extensive influence on and involvement with the media.
Since 2003, Soros has donated more than $52 million to all kinds of media outlets - liberal news organizations, investigative reporting and even smaller blogs. He has also been involved in funding the infrastructure of supposedly "neutral" news, from education to even the industry ombudsman association. Many other operations Soros supports also have a media component to what they do.
His media funding has helped create a liberal "echo chamber," in the words of one group he backs, "in which a message pushes the larger public or the mainstream media to acknowledge, respond, and give airtime to progressive ideas because it is repeated many times." The goal is "Taking Down Fox News," as the Soros-supported "Mother Jones" described it.
Despite his denials, Soros has extensive reach into the media. The Media Research Center's Business & Media Institute conducted a detailed analysis of George Soros and his influence on the media. It found:
Soros Spends More Than $52 Million on Media: Since 2003, Soros has spent more than $52 million funding media properties, including the infrastructure of news - journalism schools, investigative journalism and even industry organizations. That's a low estimate because many organizations have a media component to what they do but it is impossible to separate the operations.
Ties to Major Media: Soros has connections to more than 30 mainstream news outlets - including The New York Times, Washington Post, Associated Press, CNN and ABC.
Mr. Soros funds the likes of Arianna Huffington of Huffington Post Media Group, Olivia Ma, who manages the news and politics team at YouTube, Jill Abramson, executive editor of The New York Times, the CBC’s Radio-Canada, and anti-oil Tides Foundation, in addition to the Center for Public Integrity, Center for Investigative Reporting, Investigative News Network, and the journalism programs at eight American universities.
Breach of Ethics: Prominent journalists like ABC's Christiane Amanpour, New York Times Executive Editor Jill Abramson and former Post editor and now Vice President Len Downie serve on boards of operations that take Soros cash. But according to the Society of Professional Journalists' ethical code, journalists should 'avoid all conflicts real or perceived.' Reporters and editors serving on boards of groups funded by Soros openly violate both aspects of this guideline.
Reaching More Than U.S. Population: Every month, reporters, writers and bloggers at the many outlets Soros funds - from big players like NPR to the little known Project Syndicate and Public News Service, both of which claim to reach millions of readers - easily reach more than 332 million people around the globe. The population of the entire United States is less than 310 million.
Fox News is Target No. 1: Nearly 30 groups funded by the liberal billionaire have attacked Fox News in the six months since the beginning of December, 2010. Soros-funded media operations claim Fox News has a "history of inciting Islamophobia and racial and ethic animosity" and that it tries to "race bait its viewers."