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Illustration: Sarah Grillo/Axios

Following the Capitol siege, the right-wing media landscape is beginning to split between entities that want to double down on pro-Trump rhetoric and those that want to stick with the establishment.

Why it matters: The future of the Republican Party, in part, hangs on whether fringe conservative media or traditional conservative commentary will dominate with audiences.

Driving the news: Fox News said Monday it will replace its 7 p.m. evening news hour hosted by Martha MacCallum with a right-wing opinion show.

  • The move was made in response to ratings pressure, CNN reports.
  • Fox has faced growing competition from fringe-right cable news networks like Newsmax and OANN — networks that look more like Fox's opinion programming than its news shows.

On the other side, Cumulus Media, home to many right-wing radio personalities, has told hosts to stop suggesting the election was stolen, the Washington Post reports.

  • Brian Philips, EVP of content for Cumulus, wrote in an internal memo obtained by Inside Music Media that the company “will not tolerate any suggestion that the election has not ended. The election has been resolved and there are no alternate acceptable ‘paths.’ ”

Be smart: Fox News' update is notable given that other right-wing entities owned by Rupert Murdoch have decided to publicly disavow the president.

  • The Wall Street Journal editorial board wrote a piece urging Trump to resign last week. Late last month, the New York Post said Trump was "cheering for an undemocratic coup" with his efforts to overturn the election he lost.
  • CNN reports that Murdoch was directly involved in the decision-making around the Fox News lineup shakeup.

What they're saying: A Fox News spokesperson pointed to a Los Angeles Times report from last October that the network regular considers programming changes, including to its daytime lineup, and will launch new formats as appropriate after the election.

  • The spokesperson also noted that Fox News finished 2020 with the highest-rated year in cable news history.

What to watch: The increase of political money being poured into media will also impact whether and how this split evolves.

  • Epoch Times, a pro-Trump media outlet backed by a political PAC, saw its revenues double over the past two years despite efforts by Tech platforms to limit its distribution, Axios' Lachlan Markay reports.

Go deeper: Insurrection and misinformation is tearing the country into three Americas

Editor's note: This story has been updated to include context from a Fox News spokesperson.

Go deeper

Off the Rails

Episode 6: Last stand in Georgia

Photo illustration: Aïda Amer/Axios. Photo: Drew Angerer, Raymond Boyd/Getty Images

Beginning on election night 2020 and continuing through his final days in office, Donald Trump unraveled and dragged America with him, to the point that his followers sacked the U.S. Capitol with two weeks left in his term. Axios takes you inside the collapse of a president with a special series.

Episode 6: Georgia had not backed a Democratic presidential candidate since 1992 and Donald Trump's defeat in this Deep South stronghold, and his reaction to that loss, would help cost Republicans the U.S. Senate as well. Georgia was Trump's last stand.

On Air Force One, President Trump was in a mood. He had been clear he did not want to return to Georgia, and yet somehow he'd been conscripted into another rally on the night of Jan. 4.

Dion Rabouin, author of Markets
10 mins ago - Economy & Business

First glimpse of the Biden market

Photo: Jonathan Ernst-Pool/Getty Images

Investors made clear what companies they think will be winners and which will be losers in President Joe Biden's economy on Wednesday, selling out of gun makers, pot purveyors, private prison operators and payday lenders, and buying up gambling, gaming, beer stocks and Big Tech.

What happened: Private prison operator CoreCivic and private prison REIT Geo fell by 7.8% and 4.1%, respectively, while marijuana ETF MJ dropped 2% and payday lenders World Acceptance and EZCorp each fell by more than 1%.

Mike Allen, author of AM
42 mins ago - Politics & Policy

Biden-Harris, Day 1: What mattered most

President Joe Biden and first lady Dr. Jill Biden arrive at the North Portico of the White House. Photo: Alex Brandon-Pool/Getty Images

The Axios experts help you sort significance from symbolism. Here are the six Day 1 actions by President Biden that matter most.

Driving the news: Today, on his first full day, Biden translates his promise of a stronger federal response to the pandemic into action — starting with 10 executive orders and other directives, Caitlin Owens writes.