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.
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.