Hicks Equity Partners, a firm tied to Republican National Committee co-chair Thomas Hicks Jr., is pitching GOP donors on buyout of One America News Network.
Allies of President Trump are pursuing an effort to acquire right-leaning news channel One America News Network, according to people familiar with the matter, in a bid to shake up a conservative media market that has been dominated by Fox News.
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.
Some Republican donors say privately that Fox News isn’t doing enough to toe the party line, according to people familiar with the matter. They have noted, for instance, that the network doesn’t always carry the president’s full campaign rallies live on air, the people added.
Trump Blasts Fake News on Fox
Fox News Like CNN
Trump News Network
Trump News Network - TNN - Yeah, that's the ticket.
It will surely fix everything.
Mike "Mish" Shedlock