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Charles Sykes/Invision / AP

A new, more conservative TV network is reportedly in the works, after recent events and reports that suggest Fox News Channel is moving further left, per Mediaite. Former Fox News Chief Roger Ailes, as well as high-powered television executives and potential funders are meeting Friday to discuss what a new network could look like.

Why it matters: The drama is reflective of a massive change hitting the right-wing media ecosystem that has dominated political coverage for the past decade.

Our thought bubble: Audience demand doesn't shift from business-side pressures. We're watching Sinclair Broadcasting Group take strategic steps to fill that void at the local level, but if Fox goes more mainstream at the national level, there will almost certainly be a market opening for a new right-wing channel to gain some steam, at least before the cable business bubble bursts.

Why now: The controversy comes at the heels of an internal rift between Fox brass. On Thursday, Fox News Anchor Sean Hannity tweeted his frustration with reports that Fox President Bill Shine, accused of covering up sexual harassment allegations, could be removed. Shine represents what's left of Fox's traditionally conservative leadership, after the high-profile departures of former President Roger Ailes and former star anchor Bill O'Reilly.

The rift is also representative of the internal drama and business pressures facing the Murdoch family, whose management style has been tested throughout a series of high-profile scandals and potential acquisitions.

Go deeper

Updated 1 hour ago - Politics & Policy

Key government agency says Biden transition can formally begin

General Services Administrator Emily Murphy. Photo: Alex Edelman/CNP/Getty Images

General Services Administrator Emily Murphy said in a letter to President-elect Joe Biden on Monday that she has determined the transition from the Trump administration can formally begin.

Why it matters: Murphy, a Trump appointee, had come under fire for delaying the so-called "ascertainment" and withholding the funds and information needed for the transition to begin while Trump's legal challenges played out.

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Vaccines: Key information about the effective COVID-19 vaccines — Oxford and AstraZeneca's vaccine won't just go to rich countries.
  2. Health: U.S. coronavirus hospitalizations keep breaking recordsWhy we're numb to 250,000 deaths.
  3. World: England to impose stricter regional systemU.S. hotspots far outpacing Europe's — Portugal to ban domestic travel for national holidays.
  4. Economy: The biggest pandemic labor market drags.
  5. Sports: Coronavirus precautions leave college basketball schedule in flux.

Michigan board certifies Biden's win

Poll workers count absentee ballots in Detroit, Michigan on Nov. 4. Photo: Salwan Georges/The Washington Post via Getty Images

The Michigan Board of State Canvassers certified the state's election results on Monday, making President-elect Joe Biden's win there official and granting him the state's 16 electoral votes.

Why it matters: Republican Party leaders had unsuccessfully appealed to delay the official certification, amid the Trump campaign's failed legal challenges in key swing states.