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Trump Allies Explored Buyout of Newsmax TV as Fox News Alternative – The Wall Street Journal

Trump Allies Explored Buyout of Newsmax TV as Fox News Alternative – The Wall Street Journal

For nearly two years, allies of President Trump have been exploring ways to build up a formidable competitor to Fox News. One target they recently zeroed in on: the fledgling pro-Trump cable channel Newsmax TV.

Hicks Equity Partners, a private-equity firm with ties to a co-chair of the Republican National Committee, has held talks in recent months about acquiring and investing in Newsmax, according to people familiar with the matter, part of a larger effort that could also include a streaming-video service.

Newsmax’s…

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