"The Federalist" is owned by a private company and thus has not been required to disclose the identities of its financial backers. Domenech and the other founders of the conservative website have refused to do so. "BuzzFeed News" has reported that the website's funding has prompted "a considerable amount of speculation in the political media world." "BuzzFeed" further pointed out that "the "Federalist" has been resolutely opaque about its finances. The site is owned by a private company and doesn't have to disclose its ownership or funding structure; its parent company, FDRLST Media, was incorporated as a limited liability company in Delaware in 2016."