Fox News Channel is preparing to launch a standalone streaming service called Fox Nation.
Fox Nation will not contain the same content from the standard Fox News broadcast due to contracts with pay-TV providers. Rather it will be an extension targeting super fans.
Monster revenue. Fox News generates $1B+ in annual profit.
% of revenue by source:
1) Pay-TV subscription — 64%
2) Advertising — 36%
The average age of cable TV news viewers:
1) Fox News — 65
2) MSNBC — 65
3) CNN — 60
Fox News has the highest primetime ratings on cable (2.5m) and costs the average cable subscriber $1.55/month. ESPN averages 1.9m in primetime and costs $7.86. The average cable subscriber pays 5X more per month for a channel that they are 30% less likely to watch.