Fox Corp. Acquires Red Seat Ventures for Growth

Fox Corp. has acquired Red Seat Ventures, a digital media company known for creator-led podcasts featuring former Fox News personalities like Tucker Carlson, Megyn Kelly, and Bill O'Reilly. This acquisition aims to tap into the growing podcast market and reach younger audiences by operating Red Seat Ventures as a standalone entity within Fox's Tubi Media Group. The acquisition also brings prominent conservative voices back under Fox's broader corporate umbrella, though Red Seat Ventures will maintain its independence. Founders Chris and Kevin Balfe will continue to lead the company, which has been successful in expanding its cross-platform media presence with significant monthly active views. This strategic move is seen as an effort to capitalize on the creator economy, one of the fastest-growing media sectors. Financial details of the deal were not disclosed.