Buddy Roemer firm invests $4 million in Young Turks Network

[lapucelle]

April 2014

A firm led by former Republican governor and congressman Buddy Roemer is investing millions into The Young Turks Network to significantly increase its content, sales, and platform presence.

The investment of $4 million, with an option to go up to $8 million, came out of a conversation Roemer and The Young Turks Network founder Cenk Uygur had backstage before speaking at a conference about money in politics last year. The relationship between the conservative Louisiana politician and the founder of the progressive media outlet stemmed from both making the removal of money’s influence on politics their signature issues.

Fast forward to yesterday's announcement:

The Young Turks Launch 24-Hour YouTube Channel

The new channel will run TYT programming 24/7, including The Young Turks, TYT Interviews, NerdAlert, What The Flick?!, Think Tank, and Pop Trigger.

snip=================================

TYT generates over 200 million views a month and ranks number one in News and Politics on all digital platforms in the 18-24 demographic.

Nothing says "let's take the money out of politics" like accepting a $4,000,000 - $12,000,000 investment deal from a Republican multimillionaire.

https://www.politico.com/blogs/media/2014/04/buddy-roemer-firm-invests-4-million-in-young-turks-network-186934

https://www.mediaite.com/online/the-young-turks-launches-24-hour-youtube-channel/

[Cicada]

1. Roemer has been affiliated with at least 5 different political parties

He is not a typical Republican. Those here will support some of his positions. He had supported efforts to reduce corruption in government. TYT retain editorial independence and have strong financial incentives to remain liberal, incentives far greater than the potential benefits of additional Roemer funding. TYT can get new funding from many sources and are not under Roemer financial control.

[OnDoutside]

2. I don't think any less of TYT .....

[hlthe2b]

4. LOL, after taking RT money... and

their 24/7 attacks on HRC, I don't think I COULD think less of TYT (or at least Cenk)

[underpants]

8. TYT was always long winded but now that we know their role

I'll pass. Alex Jones stormed their "set"at one of the conventions or a debate (I think) and Cenk clearly knew he couldn't do anything about it. Looking back that was a red flag.

[OnDoutside]

9. Yup, every bit.

[manor321]

3. Purity

They are part of the purity brigade that helped elect Trump.

[NightWatcher]

5. All part of Project 2020: using Bernie as a wedge to split the Dem vote, again.

Ok, maybe that's not the actual name, but that's their goal.

[Voltaire2]

6. You do understand that there is a shit tonne of money

backing Fox News, backing Breightbart, backing Limbaugh, Alex Jones etc - getting extreme right wing messaging out, right?

[NCTraveler]

12. Yes, Republicans support those outfits as well. nt

[Kurt V.]

7. money's outsized influence in politics is a huge.

good for them.

[shanny]

10. Ah yes, funding an independent news organization

is totally the same as buying a politician with contributions.

[Gothmog]

11. I stopped watching the TYT a long time ago