Report: Trump floats plan to launch digital media outlet to compete with Fox News

President Donald Trump wants “to clobber Fox News” with an outlet of his own, a new report alleges.

Citing a Thursday report from Axios, the Daily Caller revealed that Trump has reportedly told friends he hopes to use “his own digital media channel” to “wreck” and “undermine” Fox News, which has come under fire in recent days for its coverage of the results of the 2020 elections.

“He plans to wreck Fox. No doubt about it,” one source told Axios, according to the Daily Caller.

“Stabbed in the back”

Fox, for its part, has taken flak from many on the right for its recent moves with regard to the presidential race, including calling the state of Arizona for Democrat Joe Biden on election night, a move other outlets didn’t make until this Thursday.

In a column Wednesday, Breitbart’s John Nolte suggested that Fox fans have been repeatedly “stabbed in the back” by the network, a fact that was exemplified in a recent hot-mic moment by Fox host Sandra Smith, who incredulously dismissed claims from a guest who was questioning the results of the 2020 election, citing alleged voter fraud.

“Slamming Fox”

It’s incidents like these that have had the president fuming. Via retweet, Trump has suggested that conservatives turn to more reliably right-leaning outlets like Newsmax and One America News.

Now, it seems he’s ready to launch an outlet of his own. According to Axios, a source close to the president said his initial plans involved creating a whole new cable network, but costs and logistical challenges posed too big a hurdle.

Instead, the president is reportedly setting out to launch a digital streaming service, one that would charge a monthly subscription fee and would likely have a ready-made base of subscribers who might choose it over other streaming services, like Fox News’ Fox Nation. “He’s going to spend a lot of time slamming Fox,” the source told Axios of Trump.

“They forgot the Golden Goose”

Coinciding with the president’s tweetstorm against Fox, shares of Fox Corporation fell roughly 6% this week, Business Insider reported. Meanwhile, the Los Angeles Times reports that though Fox’s ratings had increased in the third quarter, and the network decisively defeated its cable counterparts during primetime on election night, its viewership plummeted in the days following the election — so much so that CNN actually won the ratings war for the week for the first time in years.

It’s a point President Trump took notice of on Thursday.

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