, which some on the right believe is gradually moving away from conservatives. Whether Donald Trump himself would be involved if he fails in his bid to overturn the election results was not mentioned. However, Trump has long been rumored to be interested in his own conservative network platform.
The report indicates Hicks Equity Partners, a private-equity firm with ties to a co-chair of the Republican National Committee, has held talksabout acquiring and investing in Newsmax. The WSJ cited “people familiar with the matter,” and said any move would be part of a larger effort that could also include a streaming-video service.
Fox has led cable news network ratings for years, so any challenge is a formidable task. The WSJ reports Newsmax’s average prime-time audience jumped 156% to 223,000 viewers during the week of the election, according to Nielsen data, and last Thursday crossed one million from 7 p.m. to 8 p.m., about half of Fox’s audience during the time period.
Newsmax Media Chief Executive Chris Ruddy told the WSJ that he has had many discussions with suitors over the years. “Newsmax never had any deal with the Hicks group, and if it’s true they were using our name for the purposes of capital fundraising, that is wholly inappropriate,” he said.
Who cares.
Of course it is.
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