Posted on 02/20/2020 7:43:17 PM PST by Mozilla
According to a report in the Wall Street Journal, President Donald Trump’s allies are trying to acquire the conservative-leaning privately owned One America News Network and to potentially take on Fox News Channel directly.
The Journal said that investment firm Hicks Equity Partners—which is owned by the family of Thomas Hicks Jr., co-chairman of the Republican National Committee and a close friend of Donald Trump Jr. is looking to acquire the company with the help of other wealthy GOP donors for roughly $250 million from San Diego based Herring Networks.
Even though Fox News dominates cable news and conservative cable news in particular, Hicks Equity Partners sees potential value in investing in OANN.
“Over the last 25 years, we have been active media investors. Any interest in OANN is from a purely business standpoint,” said Rick Newman, a partner at Hicks Equity Partners who is leading the deal with family patriarch and Trump donor Thomas Hicks.
One America News Network president Charles Herring said in an email to the Journal that the network has become “a reliable news source for a national audience,” adding that the company has seen interest from potential suitors from time to time. “With the 2020 political season in full swing, expressed interest is on the rise,” he wrote. “Yet our family didn’t build our operations to sell it.”
(Excerpt) Read more at aim.org ...
Both Comcast & ATT should be broken up.
Telecom must not also control the news.
great idea - Fox News is now run by RINOs such as Paul Ryan.
OANN will need to be re-branded... I expect Don Jr to be involved in this transaction.
>> Telecom must not also control the news.
And this is the problem, not FOX.
This s over a month old. What happened? Did the buy it or not?
Dangerously Intolerant Liberals Destroying Our Society = DILDOS
This would be great! Love OANN - in studio ops are fine/ great reporters but they have issues with their sound and communications during broadcasts very often. I think it’s a budget issue which maybe a big investor can solve.
If Trump started going on OANN I think you’d see a big ratings shift ...
The longstanding policy in this country is that the government (FCC) does not dictate programming content. Comcast and AT&T legally own their cable and satellite networks and if they choose not to put OAN on their systems, it’s no business of the governments. If enough people want to see it, the cable and satellite providers will put it on, or they will lose customers to streaming or other services.
Free enterprise.
The problem is that OANN isn’t on most cable companies, so not all that many people can see it.
$4.99 a month thru Roku.
They made an offer or are trying to get the capital to buy the channel.
I hope they succeed. This could be the break that takes OAN into the prime time. Much great talent there that deserve a chance to be known in a wider audience. I hope Trump Jr can make this happen, and bring it to fruition.
Breitbart has the online and Sirius XM presence; OANN has the news channel and anchors.
It's a logical match, then all they have to do is create a messaging board for people to comment and bypass Twatter.
President Trump has a brand name that is gold. The “Trump University” was an excellent resource for young people and yes, the superior, chosen media people hated it and shut it down. OAN is excellent and needs a Trump investment to go big. And I wish Trump would move away from Twitter and more forward to Gab.
KAGN
The Keep America Great Network
Isn’t that a famous hobbit?
Don’t much care for the Skype interviews. They did have that great reporter that did the big expose on Ukraine
Hope Hicks has recently rejoined POTUS DJT campaign.
Any family connection there?
Do miss network’s honesty when reporting news. OAN is the most honest out there; FNC has completely fallen apart since R. Ailes departed.
Brilliant move, should it happen. MAGA!
IMO, any buyout of OAN orchestrated by one of the Trumps would mean that OAN would begin to stream online for free...so distribution would become HUGE.
Trump could continually link to it from his Twitter feed. :-)
Fox allows all their content to be distributed free on Youtube...the fact you can watch any of the FOX News shows there proves this.
CNN has been free online in real-time for quite a few years now...and still nobody watches :-)
Trump could also make it available for independent TV stations to carry OAN for free or very low-cost...ditto talk-radio stations.
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