Tim Draper Founds "ReNews Network"

Billionaire Venture-Capitalist Tim Draper has founded his own news station, including licensing for cable television, social media accounts on YouTube, twitter and facebook, while hosting it's own news website on the domain "ReNewsNetwork.com" with investments from independence donors who want "a more moderated, common sense take on the news every week instead of the often hectic cycles traditional networks have been offering." His family and friends are also fulfilling select journalistic roles at the organisation with over 70 spots hiring at the newly created Network.

Some are calling the network "A Newsmax for Centrists and Moderates", with cabling deals setting a TV Launch for January 1st 2015. Tim Draper recently sold his Oceanside mansion in California for approximately Eighteen Million Dollars, which he has spent into relocating his political efforts and his own residence to Redding California, with a sizable portion of that capital going to launch RNN.

Some are speculating about future political ventures of Mr. Draper after he has founded his own news network and reorganizing his previous California Split proposal into a project deemed the "51 Stars Proposal" which has started fundraising efforts in the state, sources close to Draper are saying "He is definitively running for an office in the future", which office is unknown.

More updates are to come.

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