Foundation and Funding
Bozell and a group of other young conservatives founded the MRC on October 1, 1987, with only themselves, a black-and-white television set, and rented computer at their headquarters. Their initial budget was at US$339,000. Prior to founding the MRC, Bozell was the chairman of the National Conservative Political Action Committee; he resigned from that position a month before establishing MRC.
The MRC has received financial support from several foundations, including the Bradley, Scaife, Olin, Castle Rock, Carthage and JM foundations. Bob Ward has said that it also receives funding from ExxonMobil.
Read more about this topic: Media Research Center
Famous quotes containing the word foundation:
“The most excellent and divine counsel, the best and most profitable advertisement of all others, but the least practised, is to study and learn how to know ourselves. This is the foundation of wisdom and the highway to whatever is good.... God, Nature, the wise, the world, preach man, exhort him both by word and deed to the study of himself.”
—Pierre Charron (1541–1603)