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Is Fox News About To Be Challenged By A New Conservative Network?

Fox News has had an interesting few months, with massive lineup changes and lawsuits dominating their landscape.

With the losses of on-air personalities Megyn Kelly and Bill O’Reilly in recent months, and bigwig Roger Ailes being ousted after allegations of sexual harassment surfaced surrounding him, the network has seen better days.  While still dominating the cable lineup in terms of ratings, there is no denying that Fox News is rapidly evolving, and soon the network may not be able to recognize itself.

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Now, given the smattering of conservative opinions that are gaining momentum in America, and the perceived fracturing of Fox, the conditions could be just right for a challenger to the cable news throne…and that is exactly what one group of so-called “fat cats” are counting on.

“Media industry website Mediaite reported Friday that ‘conservative fat cats’ are considering the formation of a new conservative media outlet.

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According to Mediaite’s report, the pace of the ‘serious discussions’ has been picking up in the wake of rumors suggesting additional changes are in store at Fox News. A source reportedly told Mediaite that ‘two prominent high-powered television executives, some underperforming conservative networks and people who have an interest and the ability to fund a new network’ are meeting Friday to discuss creating a rival to Fox News.

“The group is concerned that Fox News is moving too far left and that an alternative to the conservative media powerhouse would be well received by audiences angry with the television network’s new direction.

“On Thursday, Gabriel Sherman of New York Magazine reported a ‘management shake-up’ could be in the works at Fox News. Sources close to Bill Shine, co-president at Fox News, told New York Magazine that James Murdoch, the news network’s CEO, and Lachlan Murdoch, the co-chairman, were unwilling to issue a statement backing Shine after Shine requested the Murdochs provide a public show of support.”

Only time will tell if Fox can get out of their current funk with their most prominent staff intact.  Should a rival network appear on the horizon, it will certainly make for an interesting dynamic in cable news, with liberal networks such as CNN and MSNBC possibly falling into complete obscurity.

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