Tuesday, July 04, 2017

Did you Know That Comcast Invested $200 Million In Left-Wing Website Vox? Big Business Funds Leftists to Promote Regulation and Even Bigger Government.

Did you know that Comcast hates free markets so much that they invested $200 Million in the leftist website Vox?
Comcast Corp.’s NBCUniversal will make a $200 million strategic investment in Vox Media, upping its stake in the digital media firm and creating a partnership to help the television giant better connect with younger audiences, the companies said Wednesday.

The equity investment will give Vox Media a post-money valuation of about $1 billion, a person familiar with the situation said.

Comcast, which already owned roughly 14% of Vox through its venture capital arm and other units, will increase its holdings but remain a minority investor, the person said. The exact size of Comcast’s ownership stake was not immediately clear because some earlier investors’ stakes will be reduced, a process that isn’t yet finalized, the person said.
That's right, Vox features such anti-market zealots as open borders Dylan Matthews and Matt Yglesias (ObamaCare media operative). Comcast sure likes funding those who want "restrain trade" in markets. The rent-seeking society brought to you buy Comcast and their foot soldiers at Vox. The vanguard of the socialist movement is... Comcast.