Media Matters raked in as much as $2 million in coronavirus relief loans as the left-wing blog slammed the Trump administration’s coronavirus response, according to federal records released on Monday.
Records show that Media Matters, the progressive activist group founded by Clinton loyalist David Brock in 2004, received between $1 million and $2 million from the government’s Paycheck Protection Program. The loan represents a significant portion of the group’s annual income, which was listed as $11 million in 2017, according to tax records. Media Matters is bankrolled by the Democracy Alliance, one of the largest progressive donor groups in the country. The deep-pocketed philanthropy network has steered hundreds of millions of dollars to liberal groups since it was founded in 2005—and pledged to distribute $100 million in 2020 alone.
Their million-dollar loan was much larger than the average PPP loan. The average loan size for businesses during the first round of funding that ended in April was $200,000, according to reports. The average for the second round of funding, which ended in late May, was $114,000.
Media Matters’s successful loan application has not stopped it from continuing to criticize Trump’s coronavirus policies. – READ MORE
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