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Allies to President Donald Trump are exploring the possibility of acquiring and investing in conservative outlet Newsmax to set up a competitor to the Fox News Channel, the Wall Street Journal reported.

There are ongoing discussions between Newsmax and Hicks Equity Partners, an investment firm connected to the Republican National Committee, according to the Journal. The deal would include a video-streaming service. 

Media pundits believe regular Fox News viewers have been navigating over to Newsmax after the network declared Biden was the winner. 

Business Insider called the race for Joe Biden on Friday, November 6, but Trump so far has refused to concede. Instead, he’s been blasting Biden’s victory and pushing baseless assertions that the former vice president won because of voter fraud.

Newsmax has been backing Trump up on these unsubstantiated claims. The outlet has even begun to take aim at Fox News, criticizing its hosts for going against Trump’s claim that the election results in favor of Biden are not valid.

ICYMI: Fox News anchor caught mocking Trump’s fraud claims LIVE on air

— Newsmax (@newsmax) November 11, 2020

Trump himself has turned against Fox News, an outlet he …read more

Source:: Businessinsider – Politics


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