Does George Soros have a bad case of Fox envy against media mogul Rupert Murdoch? Or has he decided the main reason Americans won't embrace socialism is Fox News? Either way, he's now buying the news.
Soros, the billionaire speculator famous for bankrolling leftist causes, recently declared he was through with politics this election season because "I don't believe in standing in the way of an avalanche," referring to the likely GOP victory in November.
The 80-year-old leftist didn't earn his $14 billion fortune making bad bets. So although he's given "only" $53,100 in 2010 to Democratic candidates and causes (and his 24-year-old son has donated $73,000), it's worth noting that Soros has shifted his attention to influencing the media message, with his cash following.
On Oct. 18, Soros donated $1.8 million to National Public Radio to hire 100 new reporters for a project targeting state governments called "Impact of Government."