December 8, 2008 - 15:53
News: Nevada

Freedom's Watch to disband

Freedom’s Watch, the 501 (c4) organization heavily funded by Las Vegas Sands Corp. Chairman Sheldon Adelson and hyped as the conservative answer to MoveOn.org, is shutting its doors.

Ed Patru, Vice President of Communications for Freedom’s Watch, said in an interview that the organization would be effectively ceasing its operations at the end of the year.

The disbanding of Freedom’s Watch comes as Adelson, the organization’s leading benefactor, has seen his economic portfolio take a severe hit amid the economic downturn. In the last year alone, Sands Corp. has lost 95 percent of its stock value. It has been estimated that over the course of the year that Adelson’s net worth diminished by over $16 billion. The news comes several weeks after a story in the Las Vegas Review-Journal, citing anonymous sources, called Freedom’s Watch “pretty much kaput.”

Freedom’s Watch launched in the summer of 2007 with a splash, launching a $15 million nationwide ad campaign supporting President Bush’s troop escalation in Iraq and announcing a staff roster that read like a who’s who of the Washington Republican establishment, including former White House Press Secretary Ari Fleischer and Bradley Blakeman, a former deputy assistant to President Bush. Rumors circulated that the organization would spend as much as $200 million in the course of the 2008 election cycle.

But by spring of this year, it was apparent that Freedom’s Watch wasn’t the behemoth that it once appeared. Blakeman left in a staff shake up that also included Communications Director Matt David. And while officials declined to state how much the organization spent on advertising efforts, they said it fell far short of the $200 million that had once been rumored.

Patru, the Freedom’s Watch spokesman, declined to state how much the organization spent but said it was at least $30 million, the minimum figure Freedom’s Watch is required to report.

Alex Isenstadt is a Politicker.com Reporter and can be reached via email at noreply@politicker.com.

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