Buddy Roemer firm invests $4 million in Young Turks Network

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/

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12 replies	Author	Time	Post
Buddy Roemer firm invests $4 million in Young Turks Network (Original post)	lapucelle	May 2018	OP
Roemer has been affiliated with at least 5 different political parties	Cicada	May 2018	#1
I don't think any less of TYT .....	OnDoutside	May 2018	#2
LOL, after taking RT money... and	hlthe2b	May 2018	#4
TYT was always long winded but now that we know their role	underpants	May 2018	#8
Yup, every bit.	OnDoutside	May 2018	#9
Purity	manor321	May 2018	#3
All part of Project 2020: using Bernie as a wedge to split the Dem vote, again.	NightWatcher	May 2018	#5
You do understand that there is a shit tonne of money	Voltaire2	May 2018	#6
Yes, Republicans support those outfits as well. nt	NCTraveler	May 2018	#12
money's outsized influence in politics is a huge.	Kurt V.	May 2018	#7
Ah yes, funding an independent news organization	shanny	May 2018	#10
I stopped watching the TYT a long time ago	Gothmog	May 2018	#11

Response to lapucelle (Original post)

Fri May 18, 2018, 05:23 AM

Cicada (4,533 posts)

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.

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Response to lapucelle (Original post)

Fri May 18, 2018, 05:25 AM

OnDoutside (19,664 posts)

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

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Response to OnDoutside (Reply #2)

Fri May 18, 2018, 06:06 AM

hlthe2b (95,575 posts)

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)

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Response to hlthe2b (Reply #4)

Fri May 18, 2018, 06:31 AM

underpants (174,608 posts)

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.

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Response to hlthe2b (Reply #4)

Fri May 18, 2018, 07:39 AM

OnDoutside (19,664 posts)