George Soros Buys Up Lion's Share of New York Times Stock
Billionaire globalist gobbles up another $3 million of newspaper's holdings
Billionaire globalist George Soros has extended his icy grip around the throat of the liberal media by buying up another $3 million in shares of the New York Times.
Although Soros already owns a large number of shares in the publication, this latest "lion's shares" purchase has massively extended his influence over the brand.
Soros last bought stock in the company when he invested $470k in 2007 - a number that pales in insignificance compared to his latest gobbling.
Soros latest investment has seen him acquire 126,400 shares in the New York Times Company through his investing firm, Soros Fund Management LLC.
According to last month's filing to the US Securities and Exchange Commission (SEC), the shares are worth $3,046,000.
At the same time, Soros also invested money in two other media publishers: Tribune Media Company and in Time Warner Inc, according to the same filing.
RT reports: Soros Fund Management is the company that Soros uses to spread his wealth around. Soros Fund Management actively invests in stocks, bonds, commodities, currencies and, as the New York Times reported recently, the Triple Crown-winning racehorse Justify.
Soros’ latest purchase marks the first time in over a decade that the billionaire has sunk money into the New York Times. In 2007, Soros bought $470,000 worth of shares in the newspaper.
It is unclear whether Soros’ growing involvement with the Times will affect the paper’s editorial line, especially considering that his $3 million investment is a fraction of the paper’s $3.6 billion value. Soros is well known for his liberal views, however, and publicly supports –and funds– a variety of progressive and neoliberal causes, through NGOs like his Open Society Foundations.
Dan Gainor, vice president of business and culture at the conservative Media Research Center, told the Washington Free Beacon that it would be “naive” to disconnect Soros’ investment from his views.
"Soros has long had influence or given direct funding to a wide range of journalism operations from NPR to ProPublica," Gainor said.
"This is still a big step to be buying a $3 million stake in the top liberal outlet in America."
After throwing more than $10.5 million into Hillary Clinton’s failed election bid in 2016, Soros has also made no bones about his desire to see President Donald Trump –who he recently called the “ultimate narcissist”– impeached and removed from office.
Trump’s victory reportedly cost Soros almost a billion dollars on the market.
Since Trump’s election, Soros has taken to sponsoring leftist candidates in district attorney races across the country, in a bid to reshape the American justice system in his own progressive image.
After donating $50 million to the American Civil Liberties Union in 2014, he has spent over $9 million funding candidates in 14 cities.
In San Diego alone, he spent $1.5 million propping up Democrat Geneviéve Jones-Wright’s unsuccessful campaign.
Soros’ Open Society Foundations project began in 1979.
The organization now enjoys an annual budget of over $940 million and operates in over 100 countries across the globe, with 26 national and regional foundations and offices.
Soros was accused of meddling in British politics when it emerged last February that he had donated almost $700,000 to the pro-EU lobby group, Best for Britain.
In April, Judicial Watch released a report detailing how the Obama administration, in concert with Soros, spent at least $9 million of US taxpayers’ money to fund a political reform campaign in Albania.
Soros is a businessman and “shouldn’t be receiving taxpayer support to advance his radical left agenda, to undermine freedom here at home and abroad,” Judicial Watch President Tom Fitton said in a statement.
The billionaire’s image as a human rights campaigner and philanthropist has not been well-received in his native Hungary.
The country’s Prime Minister Viktor Orban has been an outspoken critic of Soros and his NGOs, accusing the billionaire of meddling in Hungary’s internal political affairs by funding opposition groups.
In May, the Open Society Foundations announced that it would end operations in Hungary, claiming to be the victim of a “repressive political and legal environment.”
In February, Orban’s Fidesz party submitted a bill to parliament called the ‘Stop Soros Act,’ which would curb immigration and would also affect foreign-funded NGOs.
The bill says that all NGOs that “support illegal immigration” need to be registered, while any NGO that gets money from abroad must pay a 25-percent tax.
Before dabbling in American politics, George Soros made a fortune ‘shorting’ Great Britain’s pound sterling, which resulted in the currency’s collapse in 1992.
In his native Hungary, Soros has been accused of tampering in internal affairs and pushing pro-immigration policies to destabilize Europe.