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Posts Tagged ‘Steve Oh’

The Young Turks Score $4 Million in Equity Funding

TYTCEnkuygurHeadshotThe most intriguing aspect of today’s TYT Network news is the background of the person at the head of equity fund Roemer, Robinson, Melville & Co.

Buddy Roemer is a former Louisiana Governor and, as such, has delivered to the former Current TV and current Internet gang the group’s first non-crowd-funded cash. From today’s announcement:

“RRM has been looking for two years to find the best platform in New Media in which to invest,” said Roemer. “We believe TYT will be one of the critical players moving forward in a new media world – edgy, unfiltered news commentary at its best. They are a lot like me, sometimes wrong but never in doubt.”

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The Young Turks Throw Themselves a Big Party

Some epic Internet math was laid out last night at YouTube’s Space LA by The Young Turks COO Steve Oh. Speaking to a snazzily-dressed crowd of fellow TYT Network personnel, show fans and supporters, he tried to frame just how staggering one billion YouTube views for the show – reached April 19 – is.

Assuming each view counts for an averaged-out minute, Oh said, that’s a billion minutes. Or… 2,000 years. In other words, the online show that began in an east coast basement is now on par with one of Mel Brooks‘ most famous characters. Too bad they couldn’t wrangle Brooks for the April 19 broadcast.

Another funny remark by Oh, who spoke from the lobby stage ahead of his New Jersey high school pal Cenk Uygur, was a remark that touched on the fact that many Young Turks personnel work for below-market-rate salaries. After noting that one producer had turned down another opportunity that paid three times his TYT salary, Oh joked that he still had to fire that person “for being so stupid.”

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