Tech Entrepreneur Funds Left-Wing Journalism
By K. Daniel Glover | July 7, 2009
The liberal journalism world has a new sugar daddy -- Marc Andreessen, the founder of Netscape Communications and a co-founder of Ning, a social-networking platform popular in some corners of online conservative politics.
TechCrunch reported yesterday that Andreessen is leading a round of financing of between $500,000 and $1 million for TPM Media, which publishes Talking Points Memo, TPMMuckraker, TPMDC and TPMCafe.
This is the first outside funding for TPM, which was founded by Marshall in 2000 after the presidential election recounts. In the past [Josh] Marshall has funded TPM via advertising and three reader fundraising events, each of which raised "tens of thousands of dollars," he says. The company is profitable and has 11 full-time employees.
The TPM network of blogs has 1.5 million unique monthly visitors and 15 million page views according to Google Analytics, says Marshall.
The new funding has enabled TPM Media to double its editorial staff by hiring three more reporters in Washington and four in New York.
Wake up, conservative donors. You're ceding the new media ground to the same liberals who already dominate old media.
K. Daniel Glover is a project manager for Accuracy In Media. He has worked as an editor, writer and new media specialist in the Washington area since 1991, spending most of that time at National Journal and Congressional Quarterly.
2 Comments | Post a Comment
Money isn’t the problem—its the people who have both money and bad ideas (or no ideas).
July 8 at 10:57 am | #1 | Link
Andreessen got his money when he sold Netscape to AOL which is now part of Time Warner. Another example of money trying to destroy what is good and right in America.