Stories

Bannon plots Fox competitor, global expansion

Sam Jayne / Axios

Unshaven and working from home in cargo shorts as he moves into "Bannon the Barbarian" mode, Steve Bannon is thinking bigger than Breitbart.

Axios' Jonathan Swan hears Bannon has told friends he sees a massive opening to the right of Fox News, raising the possibility that he's going to start a network.

  • Bannon's friends are speculating about whether it will be a standalone TV network, or online streaming only.
  • Before his death in May, Roger Ailes had sent word to Bannon that he wanted to start a channel together. Bannon loved the idea: He believes Fox is heading in a squishy, globalist direction as the Murdoch sons assume more power.
  • Now he has the means, motive and opportunity: His chief financial backer, Long Island hedge fund billionaire Bob Mercer, is ready to invest big in what's coming next, including a huge overseas expansion of Breitbart News.