Paul Singer isn’t a stranger to the media business. He’s a backer of the Washington Free Beacon, the online right-wing rag best known for birthing the Steele dossier against President Trump. He also once dabbled in radio, although not exactly in a way that was likely to make him a mogul. Now, however, some are wondering whether he’s planning to go the full Mercer.
Matt Drudge is the latest media mogul rumored to be looking for a cash infusion in the form of a partial sale of his popular news website Drudge Report…. Paul Singer, the billionaire hedge fund founder and Republican donor whose name has surfaced as a potential buyer of a stake in Drudge’s popular news website, adamantly denied any involvement.
“There is nothing to this rumor,” a spokesman for Singer, founder of $41 billion hedge fund Elliott Management, told Media Ink. “We have not heard anything about Drudge looking for investors, and we are not involved in any way.”