❓WHAT HAPPENED: Media Matters, backed by anti-borders plutocrat George Soros, is facing significant financial challenges due to ongoing legal battles and investigations.
👤WHO WAS INVOLVED: Media Matters, George Soros, and major Democrat donors.
📍WHEN & WHERE: Over the past 20 months, both in the United States and with international legal actions in Singapore and Ireland.
💬KEY QUOTE: “Unlike some major media entities that have recently caved to pressure, we understand that this battle is larger than us.” – Angelo Carusone, President of Media Matters
🎯IMPACT: Media Matters has cut staff, faces donor hesitancy, and is considering closure amidst mounting legal costs.
Media Matters, a leading activist group in liberal politics backed by anti-borders plutocrat George Soros, may close down as it struggles to finance its extensive legal battles. The organization, which has long targeted conservative public figures and media, is now facing a severe financial crisis as it defends itself against lawsuits and investigations initiated by Elon Musk and allies of President Donald J. Trump.
With legal fees reaching approximately $15 million over the past 20 months, Media Matters has been forced to cut staff and seek additional funding from its donors. Despite these efforts, the group has been unable to reach a settlement with Musk, who accuses them of having “knowingly and maliciously fabricated side-by-side images” of major advertisers on his X (formerly Twitter) platform next to extremist content as part of a boycott campaign. He also brought cases in Singapore and Ireland.
Media Matters President Angelo Carusone has said he intends to fight this and other legal battles the organization is facing, stating, “Unlike some major media entities that have recently caved to pressure, we understand that this battle is larger than us.” However, the internal atmosphere at Media Matters is tense, with discussions about potential bankruptcy and strategic shifts to manage its ongoing legal challenges.
Democrat law firm Elias Law Group is also pursuing Media Matters for millions in fees related to the Musk case, and the Federal Trade Commission (FTC) is investigating them for the “reporting” on X that prompted the case. They have also faced state-level investigations, for instance, in Missouri, for allegedly undermining the First Amendment.
Founded in 2003 by David Brock, Media Matters has been a significant figure in Democratic politics for years. Its current legal and financial challenges mark a stark contrast to its previous influence.
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