George Soros targets Hispanic media
George Soros is a very smart man. He is an expert in the art of slowly but steadily bringing about political change in the US because he understands that big changes happen locally.
Over the past decade, his goal has been “progressive” criminal justice reform. How would you achieve that? By donating millions to members of the House and Senate who have barely agreed on a single major piece of legislation in all that time? Of course not. George Soros was quietly donating his way into dozens of district attorney’s offices in some of America’s largest cities.
What was the goal a few years later? change education system. He has again poured millions into NGOs and think tanks to “advise” local school boards on DEI programs and the like.
Now George Soros seems to have a different target: the Hispanic media.
Democrats do well to worry about the state of Hispanic votes. A recent YouGov poll showed that in a hypothetical election between Trump and Biden, 38 percent of Hispanics would vote for Trump, while only 29 percent would vote for Biden. And according to a Quinnipiac poll, only a quarter of Hispanics approve of Biden’s performance as president.
Enter the Latino Media Network, a startup led by two Democratic Party activists, Jess Morales Rocketto and Stephanie Valencia, who have both worked in the Obama administration, the Hillary Clinton campaign and the DNC.
The group announced they raised $80 million to break into Latino media, which raised some eyebrows. And who is behind a large part of the funding? Apparently George Soros. Lakestar Finance, an investment company affiliated with Soros Fund Management, is providing the majority of the financing for Latino Media Network.
They started with a splash, announcing a $60 million acquisition of Televisa-Univisión’s 18 Spanish-language radio stations in the largest Hispanic centers in the US, such as Los Angeles, New York City, Miami, Houston, Dallas and San Antonio Provide access to about a third of the nation’s Hispanics.
The most notable acquisition is that of Radio Mambí, the pioneering conservative Hispanic station in Miami that is largely funded and run by Cuban-Americans from South Florida and has already faced threats and calls for censorship from Democratic politicians like Rep. Darren Soto.
A Radio Mambí insider exclusively told El American that Televisa-Univision had already agreed to sell the stations to Salem Media Group, a Christian media group, for $46 million, but Latino Media Network came up with $60 million and, of course, won the surcharge . The source told El American the purchase was nothing but “a desperate move by Democrats, who couldn’t afford to let a conservative Christian station take over a large chunk of the radio market in an election year when they had everything to lose.” let’s reach the Latino community.”
Of course, Morales Rocketto and Valencia claim their prosecution is not partisan, which is why they have included well-known Republican voices like Al Cárdenas on their board. Cárdenas is a Republican lobbyist who served as legal counsel for Derwick Associates, a Venezuelan company that made its founder Alejandro Betancourt rich thanks to 11 fraudulent contracts with the Venezuelan regime.
Despite such efforts to keep up appearances, however, the acquisition of Radio Mambí is a clear attempt to silence Hispanic conservative voices.
George Soros operates differently than most billionaire political donors. Focused primarily on local races and politics, he seeks to initiate change at the grassroots level, which takes longer but has deeper and more lasting effects. After all, Americans generally trust that their local bureaucrats and civil servants aren’t ideologues, but just regular boring people doing regular boring jobs. Over a decade ago, he began donating to local district attorneys to elect progressive prosecutors who advocated bail reform and other progressive measures. Between 2015 and 2019, Soros and his PACs spent over $17 million on district attorney races and helped elect some of the country’s most controversial prosecutors, such as Los Angeles’ George Gascon, Philadelphia’s Larry Krasner, Chicago’s Kim Foxx, and now-recalled San Francisco DA Chesa Boudin.
And the results are visible to everyone. Most of these cities have been epicenters of the Defund the Police movement, and crime has increased across the board. Walgreens stores are closing across San Francisco due to persistent shoplifting. In 2020, there was a 30 percent increase in homicides and a 24 percent decrease in arrests across the country. Philadelphia recorded 521 homicides, the most since 1990, and more than New York and LA. About 75 Soros-funded prosecutors control the prosecution of 72 million Americans across the country.
When George Soros pours money into local change in America, two things inevitably follow: success from Soros’ perspective and disaster. This makes Soros’ moves in the Hispanic media deeply concerning.
Conservative Hispanic media is already scarce. Aside from a few radio stations in South Texas and Miami, the only bilingual conservative Hispanic outlet in the US is El American, a digital outlet that launched in 2020 (where I happen to work) and has also received threats. Evelyn Pérez-Verdia, an adviser to the Nikki Fried campaign, called on the FBI investigate El American, while former Rep. Debbie Mucarsel-Powell called the outlet a “national security threat”.
What makes the move an apparent attempt to silence conservative Hispanic broadcasters is the way Radio Mambi is being funded. The outlet relies on donations and advertisements from anti-socialist and conservative Cuban Americans, who will no longer contribute. Additionally, according to a source contacted by El American, the station relies heavily on three or four conservative hosts who, thanks to their high ratings, produce tens of thousands of dollars worth of ads. Some of them are already threatening to leave; if they do, Radio Mambi will go out of business.
Latino Media Network and Televisa-Univisión are trying to ensure a smooth transition by promising no program changes and hefty bonuses for some of the channel’s stars. However, if donors, sponsors and presenters don’t take the bait, George Soros has just spent $60 million putting dozens of people out of business and silencing alternative voices in Hispanic communities.
Will Soros’ money prove ineffective for the first time? It’s hard to say, but US conservatives would do well to support grassroots media for Hispanics. Only initiative, not inertia, can build a Hispanic conservative coalition.
Edgar Beltran is a journalist from Venezuela and deputy editor of El American.