Exclusive: Shari Redstone explores plan to launch Fox News competitor
In the midst of closing a merger between CBS and Viacom, Shari Redstone is quietly exploring a plan to launch a conservative TV outlet meant to square off with the Fox News Channel, sources tellThis Redstone plan for a new TV service also would have a streaming component. has learned that Pluto, which Viacom acquired in March for $340 million, is about to launch an as-yet-unannounced streaming conservative news and opinion channel.
As the merger of Viacom and CBS awaits regulatory approval, a Redstone spokesperson confirms that she quietly visited President Trump in the White House recently but denies any plan to launch a conservative TV network. Redstone plays her personal politics close to the vest but shortly after Trump’s election she A former CBS-Viacom exec says Redstone has sat in on "multiple meetings" about the potential venture, though this person doesn’t think Redstone’s idea arises from ideology.
Redstone sees an opening as the audience for TV news grows older and more conservative and Trump and some of his fans express disenchantment with ratings giant Fox News, which lost its top news anchor Oct. 11 when Shepard Smith announced hisamid conflict with some of the network’s opinion hosts.
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