President Donald Trump reportedly wants to create his own digital media company as a competitor to Fox News.
Friends of the president say he wants to undercut Fox News, especially after the outlet called Arizona for Democratic nominee Joe Biden on election night, despite significant numbers of votes yet uncounted. Trump has been increasingly critical of Fox throughout his presidency, pointing out that the conservative media giant interviews more Democrats than it used to.
"Fox has changed a lot," Trump said during an Election Day interview on Fox & Friends. "Somebody said: What's the biggest difference between this and four years ago? And I say Fox."
"He plans to wreck Fox," a friend of the president told Axios. "No doubt about it."
The unnamed source reports that instead of launching a cable channel, which can be quite expensive, Trump may start a digital media option that streams online and charges a monthly subscription fee. His extensive network of contacts, garnered largely through campaign activities and rally registrations, provides him a helpful lead in building and marketing to an audience.