General Discussion
In reply to the discussion: It is amazing how some get so upset here when we tell Jill Stein off! [View all]emulatorloo
(44,175 posts)LA Times:Young Turks Network raises $4 million from former Louisiana governor
http://www.latimes.com/entertainment/envelope/cotown/la-et-ct-the-young-turks-raises-4-million-from-former-louisiana-governor-20140416-story.html
4/16/2014
Left-leaning political talk show host Cenk Uygur has raised $4 million to expand his digital video company the Young Turks Network, and the money comes from a seemingly unlikely source: Republican Buddy Roemer, the former governor of Louisiana.
Roemer's private equity fund, Roemer, Robinson, Melville & Co., is providing $4 million in seed financing with an option to go up to $8 million, which the network plans to use to expand its reach through Internet streaming, local television and international syndication deals.
----
See also:
Buddy Roemer Buys The Young Turks
https://www.dailykos.com/story/2014/04/16/1292572/-Buddy-Roemer-Buys-The-Young-Turks
I swear this is not based on an article in The Onion. Here's the headline from Mediaite:
The Young Turks Network Raises $4 Million From Former Republican Presidential Candidate.
Yes folks, Cenk Uygur has sold a large stake in his TYT franchise to Buddy Roemer, whose career in Republican politics was capped by his run for President in 2012. Roemer's private equity fund, Roemer, Robinson, Melville & Co., LLC. ponied up $4 million in financing for The Young Turks, with an option to raise that investment to $8 million as reported by Matt Willstein at Mediaite.
<snip>
It's hard to say what is behind this investment decision. Cenk Uygur, who is the driving force behind The Young Turks has always had something of a Libertarian streak. I have always been one of Cenk's harshest critics, so I must confess this marriage of Roemer and Uygur strikes me as a cynical marriage of convenience, whose ultimate purpose I cannot fathom. Roemer is someone who dearly wants to wield some political power once again and maybe he sees TYT as the vehicle that can make him relevant and Cenk may be willing to sell his soul for the big bucks.
--------