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David Brock ("Blinded By The Right") has launched his new site with this mission:

Media Matters for America will document and correct conservative misinformation in each news cycle. Media Matters for America will monitor cable and broadcast news channels, print media and talk radio, as well as marginal, right-wing websites that often serve as original sources of misinformation for well-known conservative and mainstream media outlets.

It hits the ground running. Check it out.