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Fox Makes Major Move Into Podcasts, Buys Red Seat Ventures

The Hollywood Reporter · last updated
In a major podcast and digital media deal that shakes up the landscape, Fox Corp. has acquired Red Seat Ventures. Res Seat Ventures produces audio and video podcasts and other programming with talent that includes a slew of former Fox and cable news stars.
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The traditional journalism business model has long since collapsed, and news organizations have shrunk or disappeared entirely. While a number of promising experiments are under way, the public has not shown a willingness to buy what news organizations are selling.

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