In an attempt to shake up the folks at Fox ‘News,’ a group of rabid Trump supporters have pursued a plan to buyout the far right, (but rarely right), ‘news’ organization, One America ‘News’ Network (OAN).
The Wall Street Journal reports:
The investment firm Hicks Equity Partners is looking to acquire the channel and is pitching other wealthy GOP donors to arrange a bid of roughly $250 million for the channel’s parent company, the people said. The firm is owned by the family of Thomas Hicks Jr., co-chairman of the Republican National Committee and a close friend of Donald Trump Jr.
The efforts come as Mr. Trump has periodically rebuked Fox News for being too critical—despite its opinion-show hosts’ general support of his administration—and has praised One America News Network. The channel’s opinion programming is known among its cable-news peers for its praise of Donald Trump and its advocacy for conservative causes.
“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 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.”
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