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Trump allies raising millions for new conservative TV network: report [View all]
Source: The Hill
Allies of President Trump have reportedly looked into investing in the conservative new outlet Newsmax to compete with Fox News, according to a report by the Wall Street Journal published on Sunday.
Hicks Equity Partners, a private-equity firm with connections to a co-chair of the Republican National Committee, have been in discussions in recent months with the media company about investing in Newsmax. WSJ reports the talks may also be part of larger efforts that could include a streaming video service.
Trump's allies have been exploring ways to compete with Fox News for the last two years, according to WSJ. Trump’s relationship with the network has been complicated. He has often shown appreciation for the support he receives from Fox News hosts and the networks coverage of his presidency has often influenced decisions he's made inside the White House. He has also lashed out at the network when it criticized him.
Trump recently posted a flurry of anti-Fox News tweets that attacked the network and lamented that it had forgotten the "golden goose" that made it successful.
Hicks Equity Partners, a private-equity firm with connections to a co-chair of the Republican National Committee, have been in discussions in recent months with the media company about investing in Newsmax. WSJ reports the talks may also be part of larger efforts that could include a streaming video service.
Trump's allies have been exploring ways to compete with Fox News for the last two years, according to WSJ. Trump’s relationship with the network has been complicated. He has often shown appreciation for the support he receives from Fox News hosts and the networks coverage of his presidency has often influenced decisions he's made inside the White House. He has also lashed out at the network when it criticized him.
Trump recently posted a flurry of anti-Fox News tweets that attacked the network and lamented that it had forgotten the "golden goose" that made it successful.
Read more: https://thehill.com/homenews/media/526069-trump-allies-raising-millions-for-new-conservative-tv-network-report
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