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President Donald Trump speaks at the White House, Thursday, Nov. 5, 2020, in Washington. (AP Photo/Evan Vucci)
AP
Where did the love go?
While Donald Trump still enjoys plenty of support from the Fox News prime-time lineup of Sean Hannity, Laura Ingraham and Tucker Carlson, his cozy relationship with the network has gotten a bit frosty of late. Look no further than the president’s Twitter TWTR, +0.39% feed:
Vengeance is the planned Trump response, so says a Trump insider quoted by Axios:
“ ‘He plans to wreck Fox. No doubt about it.’ ”
The report from Axios indicates Trump, most recently enraged by the network’s Election Night call of Biden’s win in Arizona, has said he plans to build a rival to steal Fox viewership. He may not be planning to take on Fox as a cable channel, however. Trump is reportedly looking at a fee-based online streaming service. The Fox Nation streaming service costs $5.99 a month.
What does Fox Corp. FOXA, -5.65% FOX, -4.97% think of his plans? CEO Lachlan Murdoch might welcome it, considering what he had to say during the company’s earnings call last week.
“We love competition,” he said, while touting the network’s top election-season ratings. “We have always thrived with competition.”
Fox Corp., the parent company of Fox News, and the parent of MarketWatch publisher Dow Jones, News Corp NWSA, -2.35% NWS, -1.62%, share common ownership. Fox Corp. shares are down 29% this year, while the benchmark S&P 500 SPX, -0.42% is up a bit more than 10%.
