Information reaching Kossyderrickent has it that Tucker Carlson has received a $15M investment for his new media company from an “anti-woke” venture capital firm.
Carlson is currently embroiled in a legal battle with his former employer Fox News over a breach of his contract after he exited the network in April.
His new venture includes Carlson’s former executive producer at Fox News Justin Wells, and Neil Patel, a former advisor to then-Vice President Dick Cheney and the Daily Caller’s current publisher.
The former Fox News hosts and his business partner Neil Patel will launch a video company that is subscription based but also offers free snippets of clips on X, formerly known as Twitter.
Carlson and Patel’s business would have its own website and app, and they would eventually add shows from different hosts.
‘The whole vision is to create the next media company that is purpose-built for the 2020s and 2030s, in a way that Fox and Rupert [Murdoch] and Roger [Ailes] built a cable news business that was really purpose-built for its time and place,’ said 1789 Capital cofounder Chris Buskirk.
Since his departure from Fox, Carlson’s new endeavor has been posting his own reporting and interviews on X.
In August, he ran a bombshell interview with former president Donald Trump that aired the same time as the first Republican presidential debate.
Trump managed to dominate headlines through the interview and so far it has received 266.5 million views. Tucker Carlson has secured $15 million in funding for his new media venture from private investors lead by an ‘anti-woke’ backer.
Omeed Malik, the president of investment firm 1789 Capital, which bankrolls conservative friendly companies, has poured money into Carlson’s new enterprise, according to The Wall Street Journal. 1789 Capital’s investment is structured as a SAFE (simple agreement for future equity), which will allow Carlson to convert it into equity when he later raises money at a set valuation.
Malik and Carlson have a long history, as the former banker once backed The Daily Caller, which Carlson co-founded in 2010. Malik also led a blank check company that acquired PublicSq, an “anti-woke” online marketplace that recently struck an ad deal with Carlson worth more than $1 million.
The Wall Street Journal, which first broke the news of the investment, notes that Carlson’s company is registered in Nevada under the name Last Country Inc.
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