Glenn Beck Might Be Losing More Than His Media Empire After Tense CNN Interview [View all]
TheBlaze, the conservative cable media company established in Dallas by former Fox News host and chalkboard enthusiast Glenn Beck, seems to be struggling to stay afloat. And based on Beck's recent CNN interview, that's starting to get to its founding father.
Beck built his media business in the old Studios at Las Colinas facility in 2012 using the $80 million in earnings he scored from his memorable time as one of the Fox News Channel's loudest voices. He made even more millions from his online subscribers to TheBlaze's streaming online media channel before joining Dish Network later that year. For the last few years, however, downsizing has plagued the company, including a recent wave of layoffs that cut TheBlaze's staff totals and changed the company's leadership. The company has sold off some of its biggest assets; its private jet went up for sale in April.
The Daily Beast reported that TheBlaze has been trying to find a buyer to help strengthen the network's struggling bottom line. The latest attempt to sell the fledgling news network included a pitch to the owners of conservative pundit and Daily Wire founder Ben Shapiro's media empire. Talks broke down and a deal failed to materialize, leading to another round of layoffs of "more than a dozen" staffers that reduced TheBlaze's staff to just under 50 full-time workers, according to The Daily Beast's article.
The situation is so bleak for Beck's media company that he's even started selling some of his personal items to keep it from imploding. An unidentified source who works for TheBlaze told The Daily Beast that Beck has been selling some of his collectibles on display in the offices, "including statues and costumes that the host had collected over the years."
Read more: http://www.dallasobserver.com/news/glenn-beck-his-media-company-tanking-becomes-a-trump-fan-10845643