“I think OAN is going to be wiped out from the litigation costs. Forget about any judgment,” said Angelo Carusone, president and chief executive of Media Matters for America, which monitors rightwing media.
Carusone pointed out that OAN is already struggling to survive, after it was dropped by the DirecTV cable company – which was reportedly responsible for 90% of OAN’s revenue – in April.
“We’ve started seeing, already, them scaling back programming, they’ve been laying off staff, they’ve been cutting back the number of programs. So it’s pretty clear that they don’t have sufficient resources to weather a protracted litigation.”
Newsmax, which is still carried by DirecTV, is “relatively cash flush” in comparison to OAN, Carusone said – enough to survive a trial, if not to pay the billions of dollars Dominion and Smartmatic are seeking.
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