Freedom’s Watch Not Immune to Financial Crisis

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After little more than a year in existence, conservative advocacy group Freedom’s Watch is closing up shop. The group’s primary financial backer was Sheldon Adelson, the owner of Las Vegas Sands Corp. and Forbes‘ third richest man last year. But Sands Corp. stock has taken a 95% hit in 2008, and Freedom’s Watch seems to be one of the first casualties along with Adelson’s net worth ranking.

There were signs that Freedom’s Watch was on its way out before yesterday’s announcement. According to the Washington Times, the group spent $30 million on political races this year—a relatively small sum considering it originally planned to hand out $200 million to conservative candidates. Before that, when the cash was still flowing, it funded a $15 million campaign to promote the surge in Iraq. Here’s one of those ads:

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LESS DREADING, MORE DOING

This is the rubber-meets-road moment: the early days in our first fundraising drive since we took a big swing and merged with CIR to bring fearless investigative reporting to the internet, radio, video, and everywhere else that people need an antidote to lies and propaganda.

Donations have started slow, and we hope that explaining, level-headedly, why your support really is everything for our reporting will make a difference. Learn more in “Less Dreading, More Doing,” or in this 2:28 video about our merger (that literally just won an award), and please pitch in if you can right now.

payment methods

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