Democrats launching new Hispanic media company

Polling data suggests President Joe Biden is rapidly losing support among Latino voters, with a recent Quinnipiac University survey showing that just 24% approve of how he has performed.

Yet although the president may have crashed and burned among Hispanics, some powerful Democrats are trying to help him rise from the ashes. 

New media entity has support from the Soros Management Fund

According to the Daily Caller, the Soros Management Fund is helping to launch a new media enterprise called the Latino Media Network.

What’s more, NBC News reported that former Obama administration staffer Stephanie Valencia has worked with Obama and Clinton veteran Jess Morales Rocketto to raise $80 million on behalf of the endeavor.

That money will in part be used to finance a $60 million deal to purchase some 18 radio stations in 10 cities from TelevisaUnivision.

It’s pretty audacious for people like us to be doing something this big,” Axios quoted Rocketto as saying. “Steph and I have been raising money for a long time, but this is orders of magnitude bigger than what we’ve ever done.”

Poll shows Latino voters like Biden even less than white ones do

The launch of a new left-leaning media outlet focused on Hispanics may reflect a fear that Latino voters are abandoning the Democratic Party.

Such a development would likely have significant electoral consequences given how Democrats have long counted on Hispanics as a crucial voting block. If the recent Quinnipiac University poll is to believe, then such concerns are justified.

It found that while 11% of Hispanic voters say that they strongly approve of the president, 43% voice strong disapproval.

Much of Biden’s difficulties seem tied to his record on the economy. The poll found that only 28% of voters approve of the president’s economic performance, a figure which dropped to 20% with Hispanics.

In fact, the president seems to be doing even worse among Latino voters than he is with white ones, of whom 32% say they approve of how he has governed.

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