Tv network

Trump allies raise millions for new conservative TV network: report

allies of President TrumpTrump-appointed FAA administrator Donald Trump to step down in late March Republican voters divided over RNC censorship over Cheney and Kinzinger reportedly considered investing in conservative news outlet Newsmax to compete with Fox News, according to a Wall Street Journal report on Sunday.

Hicks Equity Partners, a private equity firm linked to a co-chairman of the Republican National Committee, has had discussions in recent months with the media company about an investment in Newsmax. The Journal reports that the talks could also be part of larger efforts that could include a streaming video service.

Trump allies have explored ways to compete with Fox News over the past two years, according to the Journal. Trump’s relationship with the network has been complicated. He has often shown his gratitude for the support he receives from Fox News hosts, and the network’s coverage of his presidency has often influenced the decisions he has made inside the White House. He also lambasted the network when he criticized it.

Trump recently posted a flurry of anti-Fox News tweets that attacked the network and lamented that it forgot the “golden hen” that made it so successful. He appeared furious at the network’s projection that the Democrat Joe BidenFAA Administrator Appointed By Joe BidenTrump To Step Down At End Of March Senate Ballots Within 48 Hours Of Trump Administration Shutdown Deadline Issues Endorsements In Texas Congressional Races MORE would be victorious in Arizona’s presidential tally.

Any challenge to Fox News from the right would be fraught with pitfalls. Fox has been the cable news leader for years and averaged 6 million viewers during election week, the Journal noted, a 22% increase from the previous month.

Fox Corp. Chief Executive Lachlan Murdoch on a recent earnings call said the network “likes competition” while signaling confidence in his company’s position.

“We’ve always thrived on competition. And now we have strong competition,” Murdoch said. “I would say the only difference today compared to a few years ago, as our audience has grown and our reach has grown, we see our competitors no longer just as cable news providers, but also like traditional broadcast networks. And, as you know, Fox News has been the number one network, including broadcast networks now, as I mentioned, from Labor Day to Election Day.”

Newsmax’s viewership grew rapidly after Election Day, the Journal reported, with prime-time viewership reaching 223,000 viewers, an increase of 156%.

It only reached half of Fox’s ratings with 1 million viewers tuning in from 7-8 p.m. last Thursday during the same time frame.

Newsmax Media chief executive Chris Ruddy denied reports of any deals with Trump allies.

“Newsmax never had a deal with the Hicks Group, and if it’s true that they used our name for fundraising purposes, that’s totally inappropriate,” Ruddy said.

This story was updated at 8:50 a.m. on November 16.