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https://thepostmillennial.com/revealed-the-atlantic-is-owned-by-a-biden-megadonor
REVEALED: The Atlantic is owned by a Biden megadonor
On the heels of a disputed and widely mocked bombshell, The Atlantic is revealed to be majority owned by one of Biden's biggest benefactors.
Mia Cathell The Post Millennial September 4, 2020 6:29 PM
Interesting pic.twitter.com/9qtM8tWLGU— Jack Posobiec ?? (@JackPosobiec) September 4, 2020
Laurene Powell Jobs, the widow of Apple founder Steve Jobs, is the majority stakeholder in the publication. Powell Jobs was named by The New York Times among those who financed at least $500,000 of then-presumptive Democratic presidential nominee Joe Biden's campaign in the 2nd quarter this year.
According to the Federal Election Commission campaign finance data, Powell Jobs poured $610,600, the legal limit for donations Vox reported, into the Biden Victory Fund, posted on Jun. 19.
In response to these recently-circulated findings, Donald Trump Jr. snapped back on Twitter.
"But The Atlantic is a totally unbiased 'news outlet,' and not just propaganda for Joe Biden," the president's son tweeted.
But The Atlantic is a totally unbiased "news outlet," and not just propaganda for Joe Biden. ??? https://t.co/B1uf96ay8B— Donald Trump Jr. (@DonaldJTrumpJr) September 4, 2020
These revelations came a day after The Atlantic published a takedown piece on President Donald Trump based on four anonymous sources accusing the president of rainchecking a visit to the graves of fallen World War I soldiers due to inclement weather.
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Powell Jobs is also no stranger to rebutting Trump. She wrote a blog post in 2017 titled "DACA's Demise Betrays the Best of America."
A terrible day. But a day that will elevate millions to stand up for #Dreamers. Congress, we’re all watching https://t.co/7TCqDVN6Wj— Laurene Powell Jobs (@laurenepowell) September 5, 2017
She also ran a 30-second ad that used footage of Republican President Ronald Reagan's 1989 "shining city" speech to call out Trump's decision to end the Deferred Action for Childhood Arrivals program for illegal immigrants who were brought to the United States as children. Her ad campaign ran for a week across major US cities such as Denver, Louisville, Raleigh, Las Vegas, and Milwaukee, according to Mashable.
In 2017, Vox reported that the Silicon Valley entrepreneur acquired majority stake in the century-and-a-half old magazine from David Bradley, chairman of Atlantic Media who bought the publisher for $10 million two decades prior.
Bradley intended to remain a minority stakeholder while running the outlet for the following three to five years. Emerson Collective, the organization founded by Powell Jobs, then moved to purchase Bradley’s remaining interest with full ownership.
“While I will stay at the helm some years, the most consequential decision of my career now is behind me: Who next will take stewardship of this 160-year-old national treasure?” The New York Times reported on Bradley's written note to his employees. “To me, the answer, in the form of Laurene, feels incomparably right.”
Then in 2019, the billionaire assumed greater control as Bradley stepped away from his management duties, according to Politico.
With an estimated net worth of $21.8 billion, Powell Jobs spends her fortunes backing other Democratic candidates, including New Jersey Sen. Cory Booker and Maine Congressman Jared Golden's re-elections.
Just after Biden picked his vice presidential running mate Sen. Kamala Harris, Powell Jobs commended Biden on Twitter.
"Joe Biden you made a great choice!" she tweeted.
Joe Biden you made a great choice!— Laurene Powell Jobs (@laurenepowell) August 11, 2020