Fox buys Red Seat Ventures to tap podcast market,…
Fox Corp. mentioned Monday it has bought Red Seat Ventures, the digital media company whose purchasers embrace former Fox News stars Megyn Kelly and Tucker Carlson, in a bid to tap youthful audiences and the growing podcast market.
Financial particulars of the deal weren’t disclosed.
The deal represents an investment in a new space of media, the so-called creator financial system, by which particular person personalities reminiscent of Carlson, Kelly, Shawn Ryan and Candace Owens attain thousands and thousands of subscribers through podcasts and streaming exhibits.
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