To say that it has been a rough month for Fox News would be a huge understatement. With the loss of their most popular and beloved host (Bill O’Reilly) and others under investigation or on “vacation,” the rumors surrounding the network aren’t that positive.
Anytime savvy investors see a company in trouble, they see opportunity. That seems to be the case with a bombshell leak from a television insider who claims a conservative news network is in the works as an opponent to Fox.
A well-placed source close to the proposal revealed that serious discussions are underway to create an alternative conservative cable network as a result to the belief that the Fox News Network is moving too far to the left. The source informs of a meeting with two prominent high-powered television executives, some underperforming conservative networks and people who have an interest and the ability to fund a new network.
The goal is to put “the old band” back together. There are certainly plenty of conservative powerhouses to pick from that could star on a new network, and perhaps even some executives from within Fox News who miss reporting on REAL news.
“I’m working on it (the new conservative channel) hot and heavy,” the source said. “It’s live, it’s real.”
The new channel could come to fruition within the next 10 to 12 months, the executive said.
It is no surprise that a savvy investor would want to take advantage of the turmoil within Fox News. As The Times piece noted, analysts estimate that Fox News produced 25 percent of 21st Century Fox’s operating income last year or a whopping $6.6 billion, reports The Truth Division.
Also, we’re sure that there are many conservatives who would love to give the new network a chance!
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