As the 2014 midterm elections approached, the media were quick to criticize conservative donors like the Koch brothers for backing issues important to them. But journalists largely ignored the incredible financial power being used to promote the liberal agenda.
Five top donors – Michael Bloomberg, Warren Buffett, Pierre Omidyar, Tom Steyer and George Soros’s own son, Jonathan – are major funders of the left. Together, they have contributed at least $2.7 billion since 2000 to groups pushing abortion, gun control, climate change alarmism and liberal candidates.
That’s not how major media depicted them. Broadcast networks applauded when billionaire hedge fund manager Tom Steyer promised $100 million to influence environmental policy. CBS News praised Steyer for “giving back” and ABC News called the billionaire an “everyman.”
Steyer wasn’t alone. Buffett has donated more than $1.2 billion to the abortion industry, with contributions stretching back until at least 1989. Yet, since 2001, ABC, CBS and NBC have only mentioned Buffett’s abortion funding once, out of 545 stories about him or interviews with him. And when former New York City mayor Michael Bloomberg promised to devote $50 million to limit American gun rights, the networks praised his efforts as “grassroots” and as a way to “combat gun violence.”
All five donors were also actively involved with media. Collectively they either supported or owned 88 separate media outlets. Those organizations had a combined print circulation of 3.6 million and a digital circulation several times larger.