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Launched in May 2004, Media Matters for America put in place, for the first time, the means to systematically monitor a cross section of print, broadcast, cable, radio, and Internet media outlets for conservative misinformation — news or commentary that is not accurate, reliable, or credible and that forwards the conservative agenda — every day, in real time."
MMFA received “more than $2 million from wealthy liberals” as start-up money in 2004. Initial donors included cable executive Leo Hindery Jr., philanthropist James Hormel, shopping mall magnate Bren Simon, and Susie Tompkins Buell, who with her husband Douglas co-founded the Esprit clothing chain.
George Soros has been a major force in funding MMFA
Major funders of MMFA include the Schumann Center for Media and Democracy, whose president is PBS pundit Bill Moyers ($500,000 in 2005), the Gruber Family Foundation ($200,000 in 2004-5), the Barbra Streisand Foundation $25,000 ($35,000 in 2004-5), the Arca Foundation ($100,000 in 2004), and the Bernard & Audre Rapoport Foundation ($50,000 in 2005).
The Bohemian Foundation gave $475,000 in2004-5. Its president is Colorado heir Patricia Stryker, the 278th richest American (on the 2006 Forbes 400 list). The Glaser Progress Foundation, whose president is Real Networks media software creator Rob Glaser, gave $100,000 in 2005.
At least two funders –the Stephen M. Silberstein Foundation ($100,000 in 2003) and the Susie Tompkins Buell Foundation ($200,000 in 2004)— gave money to MMFA through the Tides Foundation, which serves as a financial intermediary for left-wing nonprofits and foundations.
The press also reports that the Democracy Alliance, the Soros-inspired consortium of extremely wealthy liberal donors, has committed to give $50 million to selected left-wing think tanks and advocacy organizations. MMFA and John Podesta’s Center for American Progress were among the first beneficiaries…