Overview

• Fox Corp. has purchased Red Seat Ventures, a digital media company specializing in podcast production and ad services for prominent conservative personalities.
• Red Seat Ventures will operate as a standalone entity under Fox’s Tubi Media Group, led by Tubi CEO Paul Cheesbrough, who will also serve as Red Seat's chairman.
• The acquisition allows Fox to expand its reach in the creator economy, with plans to scale content in sports, news, and entertainment genres.
• Red Seat’s clients include former Fox News stars Tucker Carlson, Megyn Kelly, and Bill O’Reilly, though these creators remain independent and retain ownership of their content.
• The deal reflects Fox’s broader strategy to grow its digital and streaming businesses, complementing its existing focus on live sports, news, and free ad-supported streaming via Tubi.