International allies consider buying right-wing TV after fans desert

Trump allies consider buying right-wing Newsmax TV after fans desert Fox News

Hicks Equity Partners, a private-equity firm with connections to the co-chair of the Republican National Committee has expressed interest in purchasing and investing in the “fledgeling pro-Trump cable channel”

Author

Date

Category

- Advertisement -

It has been reported that Donald allies and the Republican National Committee (RNC) are looking at acquiring conservative news outlet TV with hopes of turning it into a competitor. It did not go unnoticed that Newsmax had championed Mr Trump during the presidential election.

According to The Wall Street Journal report dated Nov 15, Hicks Equity Partners, a private-equity firm with connections to the co-chair of the RNC, has expressed interest in purchasing and investing on the “fledgeling pro-Trump cable channel,” Newsmax TV.

Since Election Day, viewership ratings for Newsmax steadily increased as it continued to acquire Mr Trump supporters looking at alternative news sources amid Fox News and other outlets declaring Democrat as the president-elect. Furthermore, Newsmax reporters have aired Mr Trump’s unfounded allegations of election fraud.

Fox News betrays Trump

On Election Night, Fox News, with its average of 14.1 million viewers overall, was first to call Arizona for President-elect Mr Biden. After enjoying a fulfilling relationship with Mr Trump since being sworn into office in 2017, Fox News found itself in the Trump administration’s crosshairs for such a call.

- Advertisement -

Fox News declaration was “symbolic,” noted The New York Times. After putting the results in Mr Biden’s column, Arizona became the first state that appeared to have changed sides from Mr Trump’s 2016 list of winning states. Meanwhile, it was reported that Republican Arizona Governor Doug Ducey spent that night on the phone with administration officials insisting that there were remaining Republican votes to be tallied in his state.

Newsmax will never become ‘Trump TV’

It is currently unclear if Hicks Equity will push through with its plans to purchase Newsmax. However, the news outlet’s CEO, Christopher Ruddy, confirmed in an interview with Variety on Nov 15 that they would never become “Trump TV.” The top executive was cited saying, “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.”

Mr Ruddy also made it clear that they “were not actively selling” the company at this time. He admitted recently receiving expressions of interest from “investors, investment banks and strategic players”.

“We listen to them, but our main focus is continuing: We would like to overtake Fox News in the next 12 months, and I think it’s do-able,” said Mr Ruddy.

Read related: Critical Spectator: A second Trump presidency will be in Singapore’s best interests

Critical Spectator: A second Trump presidency will be in Singapore’s best interests

Please follow and like us:
Tweet
Share
- Advertisement -

No year-end bonus for civil servants; lower-wage staff to get one-off S$1,200

The Public Service Division (PSD) announced yesterday (27 Nov) that civil servants will not receive a year-end bonus payment and that lower-wage staff will receive a one-time payment of S$1,200, in view of the economic impact of the COVID-19 pandemic. In a...

Netizens ask why some employers demand to see PSLE results if they are not defined by scores

Responding to Education Minister Lawrence Wong's advise to 12-year-olds that they are not defined by their Primary School Leaving Examination (PSLE) results, some netizens have asked why some prospective employers demand to see job applicants' PSLE scores if what he said...

“A genius cut down by drugs” — K Shanmugam pays tribute to Diego Maradona

Singapore -- Law and Home Affairs Minister K Shanmugam paid tribute to football legend Diego Maradona, who passed away on Wednesday (Nov 25), and called him a "genius cut down by drugs" in a social media post on Thursday (Nov 26).   Maradona...
Please follow and like us:
Tweet
Share
Follow Me
Tweet