I have no insight now on what Bannon is doing, but I think you are correct. Further, I think he’s planning on building a giant machine.
It now appears that Sebastian Gorka will be joining him (Bannon) in whatever venture is on tap. I'm thinking they can be more effective on the outside than on the inside. Especially if they are privately funded to build a large national news network that can counter the 24/7 assault on Trump by the establishment media.
I think there is a huge audience out there for such a network but we don't have time to wait for upstarts like Breitbart, OANN, etc. to get up to scale. We need the infrastructure now. Perhaps a major buyout of an existing network is in the works.