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:
“But in every constitution some large degree of animal vigor is necessary as material foundation for the higher qualities of the art.”
—Ralph Waldo Emerson (1803–1882)