Hedge Funders Spend Over $4 Million on TV Ad Campaign to Slam de Blasio

Diane Ravitch's blog

The front group  misleadingly called “Families for Excellent Schools” has added nearly another $1 million to the $3.6 million it has spent on television advertising to slam Mayor Bill de Blasio and to press Albany to expand funding for charter schools. Of course, none of the families of the children in the ads are paying for the ads. Four of the five founding board members of “Families for Excellent Schools” are Wall Street hedge fund managers. Other major contributors to the group are Los Angeles billionaire Eli Broad and the far-right Walton Family Foundation. The ads were paid for by hedge fund managers and allies, including the billionaire Paul Tudor Jones, on behalf of Eva Moskowitz’s Success Academy. According to Forbes, Paul Tudor Jones manages $13 billion in assets; he has decided that he wants to “save” public education by privatizing it. His Robin Hood Foundation raises as much…

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