Grid News
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Grid News, also known as "GRID," is a digital media company based in Washington, D.C. It launched in January 2022.[1] GRID is led by Mark Bauman as its President and Chief Executive Office, and Laura McGann as its Executive Editor.[2] It publishes a podcast called "Bad Takes" hosted by GRID contributor Matthew Yglesias and McGann.[3]
GRID's corporate entity is Media Investment Properties OpCo LLC,[4] a Delaware Domestic Limited Liability Company.[5]
United Arab Emirates Royal Family Funding
Initial funding of $10 million for GRID was provided by the royal family of the United Arab Emirates[6] (UAE) and Brian Edelman.[7] The funding from the UAE royal family came to GRID through a private investment firm based in Abu Dhabi named International Media Investments.[8] International Media Investments is a subsidiary of the Abu Dhabi Media Investment Corporation, which is privately owned by UAE Deputy Prime Minister Mansour bin Zayed Al Nahyan.[9]
GRID utilized APCO Worldwide, a PR firm that is registered with the United States Department of Justice as a Foreign agent of entities in the United Arab Emirates,[10][11] to perform "consulting services" in connection with its launch.[6] APCO Worldwide Senior Advisor John Defterios[12] also sits on GRID's board.[2]
Connection to Biden White House
Immediately before becoming communications director for Vice President Kamala Harris,[13] Jamal Simmons was paid $60,000 in "Consulting Fees" by GRID's corporate entity for work between August 2021 and January 2022 to launch a "reoccurring online interview segment."[14]
References
- ^ Robertson, Katie (2022-01-12). "Grid, a 'Fuller Picture' News Site, Goes Live". The New York Times. ISSN 0362-4331. Retrieved 2022-12-06.
- ^ a b "About Us - Grid News". Grid News. Retrieved 2022-12-06.
{{cite web}}: CS1 maint: url-status (link) - ^ "Bad Takes on Apple Podcasts". Apple Podcasts. Retrieved 2022-12-06.
- ^ "Terms of service". Grid News. 2022-01-05. Retrieved 2022-12-06.
{{cite web}}: CS1 maint: url-status (link) - ^ "MEDIA INVESTMENT PROJECTS OPCO LLC :: Delaware (US) :: OpenCorporates". OpenCorporates. Retrieved 2022-12-06.
{{cite web}}: CS1 maint: url-status (link) - ^ a b "The unusual origins behind the splashiest, newest political news site". POLITICO. Retrieved 2022-12-06.
- ^ Schwartz, Brian. "Tech executive invests in digital news start-up launched by veteran D.C. journalists". CNBC. Retrieved 2022-12-06.
- ^ Fischer, Sara (2021-07-10). "D.C. journalists launch media company with $10 million+ funding". Axios. Retrieved 2022-12-06.
- ^ "Man City owner buys The National newspaper". Arab News. 2016-11-17. Retrieved 2022-12-06.
- ^ National Security Division, U. S. Department of Justice. "Browse Filings". www.justice.gov. Retrieved 2022-12-06.
- ^ U.S. Department of Justice Foreign Agents Registration Act Registration Statement by APCO Worldwide LLC for Technology Innovation Institute Sole Proprietorship LLC. October 20, 2021. https://efile.fara.gov/docs/6582-Exhibit-AB-20211020-20.pdf
- ^ "John Defterios - APCO Worldwide". apcoworldwide.com. Retrieved 2022-12-06.
- ^ Wright, Jasmine (2022-01-06). "Kamala Harris to name Jamal Simmons as communications director | CNN Politics". CNN. Retrieved 2022-12-06.
- ^ "Appointee - Jamal Simmons - Biden's Basement". Inside Biden's Basement. Retrieved 2022-12-06.