Donald Trump has taken a step closer to launching his own cable television network, the FinancialTimesreported Monday.
The Republican presidential candidate’s interest in exploiting his political gains and populist appeal for a share of the cable TV market has long been rumored. His son-in-law, Jared Kushner, has been in contact with Aryeh Bourkoff, founder of investment bank LionTree, about setting up a television network if he is defeated in the November presidential election, the report reported. FT.
LionTree would not be interested in such a project, according to a person familiar with the situation, speaking anonymously because the person was not authorized to speak publicly.
Bourkoff could not be reached for comment. The Trump campaign could not be reached for comment.
Kushner, owner of the New York Observer and is married to Trump’s daughter, Ivanka Trump, had a “brief” conversation with Bourkoff in the “past two months” but “hasn’t progressed since,” the report said, citing unnamed sources.
In June, vanity lounge first signaled Trump’s interest in expanding his media business beyond his current television production business, Trump Productions, to launch a “mini-media conglomerate.”
In September, Trump denied being interested in starting a new network. “I want to win the presidency,” he saidThe Washington Post. “I have no interest in a media company. False rumor.”