Franklin Pierce
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Right-wing news network OAN Earns 90% of its Revenue through CNN owner AT&T: Telecoms giant suggested setting the pro-Trump news station up, and even offered to buy 5% stake in it, court papers claim
CNN's owner AT&T is responsible for 90 per cent of controversial right-wing network One America News's revenue, it has been revealed.
OAN derives nine tenths of its income - which has not been disclosed - by receiving a cut of subscription revenue from satellite broadcaster DirecTV, which broadcasts it to tens of millions of homes.
The DirecTV deal also means OAN does not have to rely as heavily on advertiser revenue, meaning it has less to fear from woke mobs who've targeted other broadcasters' advertisers, including those seen on Fox News, in a rage over the network's conservative content.
AT&T also helped build controversial right-wing news network One America News by suggesting its creation, then offered to buy a five per cent stake in it in October of 2013, and allowing OAN to lobby in favor of a buy-up that triggered antitrust concerns.
OAN founder and chief executive Robert Herring Sr. has testified that the inspiration to launch OAN in 2013 came from AT&T executives.
'They told us they wanted a conservative network,' Herring said during a 2019 deposition seen by Reuters. 'They only had one, which was Fox News, and they had seven others on the other side. When they said that, I jumped to it and built one.'
CNN owner AT&T helped build right-wing network OAN | Daily Mail Online
CNN's owner AT&T is responsible for 90 per cent of controversial right-wing network One America News's revenue, it has been revealed.
OAN derives nine tenths of its income - which has not been disclosed - by receiving a cut of subscription revenue from satellite broadcaster DirecTV, which broadcasts it to tens of millions of homes.
The DirecTV deal also means OAN does not have to rely as heavily on advertiser revenue, meaning it has less to fear from woke mobs who've targeted other broadcasters' advertisers, including those seen on Fox News, in a rage over the network's conservative content.
AT&T also helped build controversial right-wing news network One America News by suggesting its creation, then offered to buy a five per cent stake in it in October of 2013, and allowing OAN to lobby in favor of a buy-up that triggered antitrust concerns.
OAN founder and chief executive Robert Herring Sr. has testified that the inspiration to launch OAN in 2013 came from AT&T executives.
'They told us they wanted a conservative network,' Herring said during a 2019 deposition seen by Reuters. 'They only had one, which was Fox News, and they had seven others on the other side. When they said that, I jumped to it and built one.'
CNN owner AT&T helped build right-wing network OAN | Daily Mail Online