Difference between revisions of "Media Development Investment Fund"
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|sourcewatch= | |sourcewatch= | ||
|constitutes=funder | |constitutes=funder | ||
| − | |logo= | + | |logo=Media Development Investment Fund logo.png |
| + | |influencewatch=https://www.influencewatch.org/non-profit/media-development-investment-fund-mdif/ | ||
|start=1996 | |start=1996 | ||
| − | |description= | + | |description=Fund financing a large number of "independent" news and information businesses around the world. Connected to the [[Open Society Foundations]] and other usual suspects. |
| − | |headquarters= | + | |headquarters=New York,Prague |
|website=https://www.mdif.org/ | |website=https://www.mdif.org/ | ||
|founders=Saša Vučinić,Stuart Auerbach | |founders=Saša Vučinić,Stuart Auerbach | ||
|num_staff= | |num_staff= | ||
|members= | |members= | ||
| − | |sponsors=Rappler,Daily Maverick,B92 | + | |sponsors=Rappler,Daily Maverick,B92,Gazeta Wyborcza |
}} | }} | ||
The '''Media Development Investment Fund''' (MDIF) is an investment fund giving financing to a large number of "independent" news and information businesses around the world. Formed with money from international financier [[George Soros]] and his [[Open Society Foundations]] and financed by other suspected [[CIA cutouts]], MDIF has given low-cost loans, sophisticated management training and other assistance to organizations in [[Eastern Europe]], [[the Balkans]], [[Africa]], [[Southeast Asia]] and [[Latin America]].<ref>https://www.washingtonpost.com/archive/local/2003/12/20/post-reporter-stuart-c-auerbach-dies-at-68/65452bdd-17ba-4cce-843f-5dd6efeb3907/</ref> | The '''Media Development Investment Fund''' (MDIF) is an investment fund giving financing to a large number of "independent" news and information businesses around the world. Formed with money from international financier [[George Soros]] and his [[Open Society Foundations]] and financed by other suspected [[CIA cutouts]], MDIF has given low-cost loans, sophisticated management training and other assistance to organizations in [[Eastern Europe]], [[the Balkans]], [[Africa]], [[Southeast Asia]] and [[Latin America]].<ref>https://www.washingtonpost.com/archive/local/2003/12/20/post-reporter-stuart-c-auerbach-dies-at-68/65452bdd-17ba-4cce-843f-5dd6efeb3907/</ref> | ||
| − | It is part of a large network of similar interconnected "philanthropic]]" foundations. The large number of donor foundations serves to confuse the origins of the money and the total size of the financing. | + | It is part of a large network of similar interconnected "[[philanthropic]]" foundations. The large number of coordinated donor foundations serves to confuse the actual origins of the money and the total size of this large financing effort. |
| + | |||
| + | ==History== | ||
| + | MDIF was founded in [[1995]] as the "Media Development Loan Fund" by Serbian [[Saša Vučinić]] and ''[[Washington Post]]'' journalist Stuart [[Auerbach]].<ref>https://www.mdif.org/about/mission/our-story/</ref> | ||
| + | |||
| + | As of February [[2023]], it had spent $296.3m in total financing, had 146 clients in 47 countries with $141.5m current assets under management. | ||
| + | |||
| + | Former clients include Radio Breeze (Zambia), Los Tiempos (Bolivia), [[B92]] ([[Serbia]]), KBR68H ([[Indonesia]]), Cambio ([[Colombia]]) and ATV Banja Luka ([[Bosnia and Herzegovina]]).<ref>https://www.mdif.org/portfolio/companies/</ref> | ||
==Penetrating South African media== | ==Penetrating South African media== | ||
| Line 22: | Line 30: | ||
It also finances the ''[[Daily Maverick]]''. | It also finances the ''[[Daily Maverick]]''. | ||
| + | ==Banned in Russia== | ||
| + | In [[2016]], MDIF was declared an undesirable organization by the Office of [[Prosecutor General of Russia]] using [[Russian undesirable organizations law]] and put on the [[List of organisations banned in Russia]].<ref>https://www.hrw.org/news/2016/08/22/russia-bans-more-international-organizations</ref><ref name=twomore>https://www.amnesty.org/en/latest/news/2016/08/russia-declares-two-more-non-profits-as-undesirable/</ref> | ||
| + | |||
| + | Together with [[King Baudouin Foundation]], [[Tinius Trust]] and [[Mediahuis]], MDIF is among European media companies, foundations and impact investors who launched [[Pluralis]]<ref>https://www.pluralis.media/</ref>, another media funder. | ||
==Funding== | ==Funding== | ||
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==References== | ==References== | ||
{{reflist}} | {{reflist}} | ||
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Revision as of 01:41, 26 February 2023
 Media Development Investment Fund  (Funder)     | |
|---|---|
 | |
| Formation | 1996 |
| Founder | • Saša Vučinić • Stuart Auerbach |
| Headquarters | New York, Prague |
| Member of | Russia/Undesirable organization |
| Sponsor of | Rappler, Daily Maverick, B92, Gazeta Wyborcza |
| Sponsored by | Adessium Foundation, Fritt Ord, King Baudouin Foundation, Luminate, Open Society Foundations, Swedish Postcode Foundation |
| Fund financing a large number of "independent" news and information businesses around the world. Connected to the Open Society Foundations and other usual suspects. | |
The Media Development Investment Fund (MDIF) is an investment fund giving financing to a large number of "independent" news and information businesses around the world. Formed with money from international financier George Soros and his Open Society Foundations and financed by other suspected CIA cutouts, MDIF has given low-cost loans, sophisticated management training and other assistance to organizations in Eastern Europe, the Balkans, Africa, Southeast Asia and Latin America.[1]
It is part of a large network of similar interconnected "philanthropic" foundations. The large number of coordinated donor foundations serves to confuse the actual origins of the money and the total size of this large financing effort.
Contents
History
MDIF was founded in 1995 as the "Media Development Loan Fund" by Serbian Saša Vučinić and Washington Post journalist Stuart Auerbach.[2]
As of February 2023, it had spent $296.3m in total financing, had 146 clients in 47 countries with $141.5m current assets under management.
Former clients include Radio Breeze (Zambia), Los Tiempos (Bolivia), B92 (Serbia), KBR68H (Indonesia), Cambio (Colombia) and ATV Banja Luka (Bosnia and Herzegovina).[3]
Penetrating South African media
In 2017, the Open Society Foundations acquired a majority stake in the newspaper Mail & Guardian through its Media Development Investment Fund.[4]
It also finances the Daily Maverick.
Banned in Russia
In 2016, MDIF was declared an undesirable organization by the Office of Prosecutor General of Russia using Russian undesirable organizations law and put on the List of organisations banned in Russia.[5][6]
Together with King Baudouin Foundation, Tinius Trust and Mediahuis, MDIF is among European media companies, foundations and impact investors who launched Pluralis[7], another media funder.
Funding
MDIF funders and investors include a wide range of organizations and individuals.[8]
Sponsors
| Event | Description |
|---|---|
| Adessium Foundation | A secretive Dutch foundation that donates to projects backed by Western governments. |
| Fritt Ord | Norwegian grant giving foundation with Cold War origins. |
| King Baudouin Foundation | The Belgian royal family, which made its fortune from hand-chopping in the Congo and created the first stooge NGO the International African Association, feels the urge finance new ventures. Coordinates with of a number of similar foundations owned by billionaires or NATO countries , financing select projects. |
| Luminate | Pierre Omidyar's foundation for financing global media and civil society groups. It is unknown how close it coordinates with certain deep state US government agencies. |
| Open Society Foundations | A NGO operating in more countries than McDonald's. It has the tendency to support politicians (at times through astroturfing) and activists that get branded as "extreme left" as its founder is billionaire and bane of the pound George Soros. This polarizing perspective causes the abnormal influence of the OSF to go somewhat unanswered. |
| Swedish Postcode Foundation |
References
- ↑ https://www.washingtonpost.com/archive/local/2003/12/20/post-reporter-stuart-c-auerbach-dies-at-68/65452bdd-17ba-4cce-843f-5dd6efeb3907/
- ↑ https://www.mdif.org/about/mission/our-story/
- ↑ https://www.mdif.org/portfolio/companies/
- ↑ https://www.blackagendareport.com/manufacturing-consent-how-united-states-has-penetrated-south-african-media
- ↑ https://www.hrw.org/news/2016/08/22/russia-bans-more-international-organizations
- ↑ https://www.amnesty.org/en/latest/news/2016/08/russia-declares-two-more-non-profits-as-undesirable/
- ↑ https://www.pluralis.media/
- ↑ https://web.archive.org/web/20230226002635/https://www.mdif.org/about/
