Tucker Carlson To Establish New Media Company On Back Of Elon Musk's Twitter: WSJ
Portfolio Pulse from Benzinga Neuro
Former Fox News host Tucker Carlson and former White House adviser Neil Patel are reportedly raising funds to establish a new media company, potentially using Twitter as its backbone. The company aims to be subscription-driven and is exploring platforms beyond Twitter for its content. This move comes after Carlson’s departure from Fox News and could see him compete more directly with other news personalities on platforms like YouTube and Rumble, as well as TV networks such as Fox News and Newsmax.
July 14, 2023 | 10:42 am
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NEUTRAL IMPACT
Twitter could serve as the backbone for Tucker Carlson's new media company. This could test Twitter's video ambitions under Elon Musk and could also complicate Twitter’s efforts to rebuild relationships with advertisers.
The news of Twitter potentially serving as the backbone for Tucker Carlson's new media company could test Twitter's video ambitions under Elon Musk. However, it could also complicate Twitter’s efforts to rebuild relationships with advertisers, which could have a neutral impact on Twitter's stock in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The new media venture by former Fox News host Tucker Carlson could see him compete more directly with TV networks such as Fox News.
The news of Tucker Carlson's new media venture could see him compete more directly with TV networks such as Fox News. This increased competition could potentially have a negative impact on Fox News' viewership and subsequently its stock in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70