Posted on 10/18/2016, 8:40:54 AM by Alas Babylon!
New York Observer owner — and Donald Trump’s son-in-law — Jared Kushner has had a “brief,” informal chat with deal maker and LionTree chief exec Aryeh Bourkoff about a postelection Trump-brand media network, according to the Financial Times, citing sources familiar with the matter.
Kushner reportedly reached out to the head of the boutique investment bank, a personal friend, over the last few months. Bourkoff is the financial advisor behind Walt Disney’s (DIS) 2014 acquisition of Maker Studios, as well as a number of other deals.
Trump had told the Washington Post in mid-September that he had “no interest in a media company,” calling it a “false rumor,” amid chatter that he, possibly with ex-Fox News chairman Roger Ailes, was mulling the creation of a network. He then told the Post that he remained focused on “win(ning) the presidency.”
But the most recent polls have shown Hillary Clinton to have anywhere from a 4-point to 11-point lead in the wake of the sexual assault allegations against Trump, an issue that has prompted numerous GOP lawmakers to withdraw their support for the Republican presidential nominee.
It is unclear exactly when Kushner’s conversation with Bourkoff took place.
A theoretical Trump network could potentially siphon away viewers of Fox News, owned by 21st Century Fox (FOXA). Fox News also has a sister channel, Fox Business Channel.
While the Financial Times points out that squeezing another channel into a cable package would be difficult, Recode imagines it as an over-the-top service, calling a Trump channel “one that could rival or even supplant Fox News.”
(Excerpt) Read more at investors.com …