According to a report by the Wall Street Journal, Tucker Carlson, a former Fox News host, and Neil Patel, a former White House adviser, have joined forces to raise funds for an upcoming independent media company. Reliable sources indicate that their objective is to secure a substantial amount of funding, reaching hundreds of millions of dollars, in order to establish this new venture. If successful, this endeavor could emerge as a formidable competitor to Fox News.
The proposed media outlet would likely primarily focus on producing extended versions of the complimentary videos that Carlson has frequently shared on Elon Musk’s Twitter account since leaving Fox News. By doing so, Carlson aims to recapture his audience, potentially drawing viewers away from Fox News and other right-wing networks like Newsmax, which gained significant viewership after Carlson’s departure from Fox News. However, the primary revenue stream for this new company would be subscription-based, similar to Fox Nation. This poses a potential challenge for Fox Nation, as it may struggle to retain its subscriber base without Carlson as its main anchor.
Carlson has refrained from making any public statements regarding the mentioned report. In April, Carlson departed from Fox News after the network reached a settlement of $787.5 million with Dominion Voting Systems, a resolution that some believe may have directly contributed to Carlson’s departure, as suggested by his own legal team. Notably, Fox News is currently facing another lawsuit from Ray Epps, a participant in the January 6 protests, who claims that Carlson defamed him. However, Epps’ case is expected to be exceptionally complex. The lawsuit alleges that Fox News defamed Dominion by broadcasting false claims of election manipulation.
Despite leaving Fox, Carlson enjoyed remarkable success, surpassing Hannity as the highest-rated cable program during primetime in April 2020, with an average viewership exceeding 4 million. During the same period, MSNBC ranked as the second top prime-time network, while CNN’s primetime lineup of Don Lemon and Chris Cuomo witnessed a decline following the events of COVID-19 and the BLM riots in 2020. This solidified Carlson’s position as the leading primetime TV show host in the country.