Soros donates $1m to the fight against Fox News
Media Matters , the not-for-profit website that monitors the conservative wing of the US media, has received a $1m donation from the philanthropist George Soros . The organisation says it will use the money to intensify its efforts to hold Fox News hosts, such as Glenn Beck , accountable for their reporting. Launched in May 2004, Media Matters has waged war on Fox and others in the conservative press. It issued a statement saying that Fox is a Republican party "attack machine, dividing Americans through fear-mongering and falsehoods and undermining the legitimacy of our government for partisan political ends." In an accompanying statement, Soros, who has a history of supporting liberal politicians and causes, accused Fox News hosts of "incendiary rhetoric", which is a challenge "to civil and informed discourse in our democracy." Fox's proprietor, Rupert Murdoch , has recently given two donations of $1m each , to pro-Republican party organisations. Source: New York Times
Market Reactions
Price reaction data not yet calculated.
Available after full seed + reaction pipeline runs.
Similar Historical Events
No strong historical parallels found (score < 0.65).