Carlson has been posting free video content on X, formerly Twitter, including his interview with Donald Trump that streamed during a recent GOP presidential debate.
When we last left Tucker Carlson, the former Fox News primetime host was teaming with one-time White House adviser and old college roommate Neil Patel to raise funds for a new media company.set up shop at X, formerly Twitter, but the team was also reportedly exploring housing the network on other platforms.Carlson had been ousted from his top-rated news program on Fox News earlier this year, and there was speculation that he was a part of the fallout from Fox News' $787.
The goal of 1789, which is named for the year the Bill of Rights was written, is to get Carlson and Patel’s company to the point of showing a proof of concept for its online video-driven business model, so the pair can continue raising the hundreds of millions of dollars they are eventually targeting, the Journal said, citing people familiar with the matter.
Malik, a former Bank of America managing director, thinks some right-leaning business ventures have failed to sustain mass appeal because they didn’t have sophisticated financial backers. The investment in Carlson and Patel’s venture is part of 1789’s thesis of “EIG” investing, short for entrepreneurship, innovation and growth. It is meant as a response to the ESG — or environment, social and governance — ethical investing standards that have been championed by funds such as BlackRock as good business but have sparked a backlash on the right.Malik told the Journal that he sees the addressable market as, at minimum, the 74 million Americans who voted for Trump.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tucker Carlson’s Media Company Secures Investment Led By New ‘Anti-Woke’ Firm 1789 CapitalFirm co-founded by Omeed Malik invests in ‘parallel economy’ of conservative-friendly companies
Read more »
Raiders Daniel Carlson Back on Track after Raiders WinLas Vegas Raiders kicker Daniel Carlson bounces back in Raiders 21-17 win over the Patriots
Read more »
Elon Musk’s X Courts Political Advertisers Ahead of a Contentious Election YearMusk’s volatile leadership of the social-media platform has pushed down its prices—which might give it an edge
Read more »
Elon Musk Adds Enthusiasm to Crypto Community With His New 'Hold' TweetTwitter boss spurs enthusiasm of crypto community, including XRP army
Read more »
Why Tesla shares are faltering heading into Q3 earningsElon Musk's Tesla is set to report earnings Wednesday.
Read more »