Fox Corporation has acquired Red Seat Ventures, a media company specializing in right-leaning podcasts and live events, further strengthening its position in the digital media landscape. The acquisition allows Fox to tap into the growing creator economy and expand its reach among politically conservative audiences.
Fox Corp. has acquired Red Seat Ventures , a media company specializing in right-leaning podcasts and live events. The acquisition, announced on Monday, marks another step in Fox's expansion of its digital media presence. Last week, Fox Corp. Executive Chairman Lachlan Murdoch informed Wall Street analysts that the company plans to launch a sports- and news-oriented streaming service later this year.
Red Seat provides advertising sales, marketing, and production support for digital content creators, many of whom target politically conservative audiences. The company stated that its 17 podcasts reached 200 million users in November 2024. This acquisition grants Fox ownership of the New York-based company that supports digital programs created by prominent figures like Tucker Carlson, Eric Bolling, Bill O'Reilly, and Megyn Kelly, all of whom previously belonged to the Fox News talent lineup. It's important to note that Red Seat exercises no editorial control over the programs it supports, and neither will Fox. Financial details of the deal were not disclosed. Red Seat will continue to function as an independent entity managed by its founding partners, Chris Balfe and Kevin Balfe. They will report to Fox's Tubi Media Group, headed by Paul Cheesbrough. 'The creator economy is one of the fastest-growing media categories worldwide, measured by reach and influence, and consumers are increasingly seeking information, insights, and entertainment directly from the voices and brands they trust across these platforms,' stated Cheesbrough. Other former cable and network personalities currently associated with Red Seat include Chris Hansen, a renowned investigative journalist known for his 'To Catch a Predator' franchise on NBC's 'Dateline,' and true-crime analyst Nancy Grace. Red Seat also owns CrimeCon, a significant fan convention dedicated to true-crime enthusiasts.
FOX Corporation Red Seat Ventures Digital Media Podcast Acquisition Creator Economy Political Content
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