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"Fox has transformed itself into a 24-7 G.O.P. attack machine, dividing Americans through fear-mongering and falsehoods and undermining the legitimacy of our government for partisan political ends," Media Matters said.
Soros, 80, said he hoped his money would be used "in an effort to more widely publicize the challenge Fox News poses to civil and informed discourse in our democracy."
Earlier this month, Soros told the Times he wasn't supporting Democratic candidates this election season because he is predicting big gains by Republicans.
"I don't believe in standing in the way of an avalanche," the financier said.
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