More confirmation that there is a plan afoot to launch Trump TV.
Courtesy of the Wall Street Journal:
For nearly two years, allies of President Trump have been exploring ways to build up a formidable competitor to Fox News. One target they recently zeroed in on: the fledgling pro-Trump cable channel Newsmax TV.
Hicks Equity Partners, a private-equity firm with ties to a co-chair of the Republican National Committee, has held talks in recent months about acquiring and investing in Newsmax, according to people familiar with the matter, part of a larger effort that could also include a streaming-video service.
Newsmax’s viewership has risen sharply since Election Day, as it wins over viewers loyal to Mr. Trump who are frustrated that Fox News and other networks have declared Democrat Joe Biden the president-elect. Newsmax hosts have promoted Mr. Trump’s claims that the election was stolen. No evidence of significant fraud has emerged or been presented.
It is unclear whether Hicks Equity’s talks with Newsmax will move forward. The discussions show the belief among some investors and allies of Mr. Trump that there is room to mount a real challenge to Fox News, which has dominated the conservative media landscape for two decades.
For their part, Newsmax appears wary of allowing themselves to be absorbed by a Trump focused equity firm.
Courtesy of Variety:
Newsmax may be focused on conservative audiences, but it has very liberal views of where its business can go in the future as an independent news operation.
The top executive of the news outlet said the company intends to move forward on its own, and noted Newsmax has little desire to turn the network, which has seen its ratings pop since the presidential election, into a TV outlet focused largely on a forum for a post-White House Donald Trump.
“Newsmax would never become ‘Trump TV,’” Christopher Ruddy, the CEO of Newsmax, told Variety in an interview Sunday evening. “We have always seen ourselves as an independent news agency, and we want to continue with that mission. But we are open — [Trump] is going to be a political and media force after he leaves the White House, and we would be open to talking to him about a weekly show.” The executive also said “we are not actively selling” the company at this time, though he notes he has had expressions of interest from “investors, investment banks and strategic players” in the recent past.
You know I have long dreamed of Fox News being driven out of business, but those dreams certainly did not include them being replaced by an even more conservative fact-free entity like Newsmax, or whatever Trump TV might throw together.
What Fox News did to American journalism is a crime and the fact that they may have paved the way for even more conservative bullshit is a sin against humanity.