WEBVTT 00:07.942 --> 00:10.710 >>> A STUNNING REPORT REVEALS 00:10.745 --> 00:11.907 >>> A STUNNING REPORT REVEALS 00:11.918 --> 00:14.840 FAR RIGHT NEWS NETWORK OAN 00:14.851 --> 00:16.352 WOULDN’T EXIST IF AT&T 00:16.363 --> 00:17.985 EXECUTIVES HADN’T SEEN AN 00:17.996 --> 00:20.154 OPPORTUNITY TO CREATE A NEW TV 00:20.165 --> 00:21.512 CONSERVATIVE NETWORK IN 2013. 00:21.546 --> 00:23.520 AT AND THE PROVIDED TENS OF 00:23.531 --> 00:25.362 MILLIONS OF DOLLARS IN REVENUE 00:25.373 --> 00:27.197 FOR OAN AND THE NETWORK’S 00:27.232 --> 00:28.763 ACCOUNTANT TESTIFIED LAST YEAR 00:28.774 --> 00:30.713 WITHOUT A DEAL MADE WITH DIRECT 00:30.724 --> 00:32.509 TV, WHICH AT&T OWNED AT THE 00:32.520 --> 00:34.032 TIME, THE NETWORK’S VALUE WOULD 00:34.066 --> 00:34.934 BE ZERO. 00:34.945 --> 00:37.172 SO HERE IS WHY THIS IS A BIG DEAL. 00:37.205 --> 00:48.255 OAN IS A MASSIVE PROPRONEANT OF 00:48.289 --> 00:50.862 IS MINUTE 00:50.873 --> 00:51.266 MISINFORMATION. 00:51.301 --> 00:53.838 IT WAS THE FAVORITE NETWORK 00:53.849 --> 00:55.188 TWEETING ABOUT THEM MORE THAN 00:55.222 --> 00:56.319 100 TIMES. 00:56.320 --> 00:58.385 REUTERSS POINTS OUT THE ONLINE 00:58.396 --> 01:01.107 AUDIENCE SOARED AFTER A 01:01.141 --> 01:03.512 COMPETITOR FOX NEWS AFFIRMED 01:03.513 --> 01:04.942 BIDEN’S VICTORY AFTER THE 01:04.953 --> 01:05.746 INSURRECTION. 01:05.780 --> 01:07.551 ONE OF THE INSURRECTIONISTS 01:07.553 --> 01:10.660 BROUGHT AN OAN FLAG WITH THEM ON 01:10.661 --> 01:11.303 JANUARY 6th. 01:11.304 --> 01:13.251 THE VIOLENT RHETORIC WENT BEYOND 01:13.262 --> 01:15.710 AND A SELF-DESCRIBED REGULAR OAN 01:15.743 --> 01:18.189 VIEWER ACCUSED COLORADO 01:18.200 --> 01:22.165 SECRETARY OF STATE JENA GRISWOLD 01:22.199 --> 01:24.242 OF TREASON WARNING HER 01:24.243 --> 01:25.737 PUNISHMENT IS HANGING IN LETHAL 01:25.738 --> 01:26.208 INJECTION. 01:26.209 --> 01:28.703 IN A STATEMENT TODAY AT&T SAID 01:28.714 --> 01:31.180 THEY NEVER HELD A FINANCIAL 01:31.214 --> 01:33.258 INTEREST IN OAN’S SUCCESS AND DO 01:33.269 --> 01:35.811 NOT FUND THEM AND NOTED DIRECT 01:35.822 --> 01:37.267 TV IS A SEPARATE COMPANY OUTSIDE 01:37.278 --> 01:37.587 AT&T. 01:37.598 --> 01:39.590 THEY DIDN’T RESPOND TO THE 01:39.601 --> 01:41.345 TESTIMONY QUOTED THAT THE 01:41.346 --> 01:43.960 INSPIRATION TO LAUNCH OAN CAME 01:43.961 --> 01:46.697 DIRECTLY FROM AT&T EXECUTIVES. 01:46.699 --> 01:48.461 I’M JOINED NOW BY ANGLO, 01:48.462 --> 01:50.080 PRESIDENT AND CEO OF MEDIA 01:50.091 --> 01:51.358 MATTERS FOR AMERICA. 01:51.391 --> 01:52.802 LONG TIME NO SPEAK, ANGLO. 01:52.813 --> 01:53.759 GOOD TO SEE YOU. 01:53.770 --> 01:55.749 LET’S TALK ABOUT THIS. 01:55.760 --> 01:58.070 I SAW THIS TODAY ON TWITTER, 01:58.081 --> 01:59.285 HONESTLY AND WENT OH. 01:59.296 --> 02:01.041 GIVE US THIS BACK STORY. 02:01.076 --> 02:03.810 MEDIA MATTERS HAS A BUNCH OF 02:03.821 --> 02:06.076 HEADLINES SO LET’S PUT THEM UP. 02:06.110 --> 02:08.029 RELENTLESSLY FUND RAISES TO 02:08.031 --> 02:09.926 SPREAD THE AUDIT NATIONWIDE AND 02:09.937 --> 02:14.286 THE MONTH’S LONG CAMPAIGN 02:14.320 --> 02:17.257 AGAINST COVID-19 VACCINES ARE A 02:17.258 --> 02:18.334 CECPOOL OF HATE. 02:18.335 --> 02:20.384 WHAT THE WHAT? 02:20.395 --> 02:22.365 >> YEAH, LOOK, ONE AMERICA 02:22.399 --> 02:24.733 NOTION IS THAT FOX NEWS IS PART 02:24.744 --> 02:25.889 OF THE LIBERAL MEDIA. 02:25.923 --> 02:27.619 SO THAT TELLS YOU EVERYTHING YOU 02:27.630 --> 02:29.996 NEED TO KNOW WHAT AMERICA IS. 02:29.997 --> 02:31.508 THAT IS THEIR ORGANIZING 02:31.509 --> 02:32.661 PRINCIPLE AND HOW THEY GOT 02:32.672 --> 02:33.044 STARTED. 02:33.055 --> 02:34.668 WHAT MAKES THIS STORY 02:34.679 --> 02:36.268 SIGNIFICANT IS BASICALLY, AT&T 02:36.302 --> 02:39.381 AT THE TIME CAME TO THEM AND 02:39.392 --> 02:41.486 DANGLED A REAL SERIOUS BUSINESS 02:41.487 --> 02:41.893 PARTNERSHIP 02:41.894 --> 02:42.151 PARTNERSHIP. 02:42.162 --> 02:44.120 ONE WAS INVESTING AND BUYING 02:44.121 --> 02:46.130 MORE THE MORE TANTALIZING THING 02:46.164 --> 02:47.949 IS LOOK, WE’LL GUARANTEE YOU 02:47.960 --> 02:50.023 ENOUGH REVENUE EVEN IF YOU DO 02:50.057 --> 02:51.205 NOT RUN, GET 02:51.216 --> 02:53.067 BUT GET COMMERCIAL, EVEN IF YOU 02:53.078 --> 02:55.757 HAVE ALMOST NO VIEWERS, YOU WILL 02:55.768 --> 02:57.070 STILL BE A PROFITABLE COMPANY AS 02:57.081 --> 02:58.200 LONG AS YOU EXIST AND TAKE THIS 02:58.234 --> 02:58.789 DEAL. 02:58.800 --> 03:00.839 THAT’S WHAT STARTED IN 2013. 03:00.850 --> 03:03.347 THEY SAID WE’LL PUT YOU ON MOST 03:03.358 --> 03:04.826 OF OUR SIX BILLION CUSTOMERS. 03:04.860 --> 03:07.706 WE’LL PAY YOU A FEE FOR YOUR 03:07.707 --> 03:09.296 CHANNEL THAT IS SO OUTRAGEOUSLY 03:09.297 --> 03:10.763 HIGH, AT THAT POINT PROBABLY 03:10.774 --> 03:12.966 WOULD HAVE BEEN ABOUT 18 TIMES 03:13.000 --> 03:14.647 WHAT MARKET VALUE WAS IF YOU 03:14.648 --> 03:18.021 COULD HAVE ATTRIBUTED MARKET 03:18.032 --> 03:21.542 VALUE YOU FOR IT WHICH SHOULD 03:21.576 --> 03:23.646 PROBABLY OPEN THEM UP TO 03:23.657 --> 03:24.434 SHAREHOLDER LITIGATION. 03:24.468 --> 03:26.262 IF SOMEONE OFFERS YOU GUARANTEE, 03:26.273 --> 03:28.119 WHY WOULDN’T YOU TAKE IT. 03:28.153 --> 03:29.660 >> THIS IS NOT A NORMAL NEWS 03:29.671 --> 03:30.645 NETWORK. 03:30.678 --> 03:33.259 BEING FOUNDED BECAUSE OF AT&T, 03:33.270 --> 03:35.900 THEY SAID WE WOULD LOVE TO HAVE 03:35.911 --> 03:37.730 ANOTHER RIGHT WING NEWS NETWORK. 03:37.763 --> 03:39.836 THAT’S BIZARRE IN AND OF ITSELF. 03:39.847 --> 03:44.507 ANY OF THESE REPORTS THAT DONALD 03:44.518 --> 03:46.754 TRUMP’S CAMPAIGN HAD SEE VOOEVET 03:46.765 --> 03:48.713 OF THIS NETWORK’S STORY. 03:48.747 --> 03:50.737 THE FORMER MAYOR SAID THE 03:50.738 --> 03:51.966 DEPOSITION THAT CHRISTINA BOB 03:51.967 --> 03:53.252 WHO VOLUNTEERED FOR THE LEGAL 03:53.263 --> 03:54.727 TEAM HAD TO RUN HER STORIES BY 03:54.728 --> 03:56.616 THE CAMPAIGN. 03:56.627 --> 03:59.554 THAT IS CLEARLY NOT A NEWS 03:59.565 --> 04:00.159 NETWORK. 04:00.193 --> 04:03.374 >> WE WERE STILL TRYING TO CLAW 04:03.385 --> 04:06.886 OUR WAY OUT OF THIS PANDEMIC IN 04:06.897 --> 04:10.411 LARGE PART DUE TO MISINFORMATION 04:10.422 --> 04:13.212 THAT CAME OUT OF THE RIGHT WING 04:13.223 --> 04:13.575 MEDIA. 04:13.586 --> 04:14.961 WHEN FOX NEWS STOPPED PLAYING 04:14.995 --> 04:16.755 THE GAME, IF YOU REMEMBER IT WAS 04:16.757 --> 04:19.059 THE TRUMP ADMINISTRATION THAT 04:19.061 --> 04:21.496 WAS GIVING A DAY PASS TO THE ONE 04:21.507 --> 04:22.929 AMERICAN NEWS NETWORK’S 04:22.940 --> 04:24.870 CORRESPONDENT WHO WAS THEN ASKED 04:24.903 --> 04:27.709 IN THOSE QUESTIONS THAT THE 04:27.710 --> 04:28.631 ADMINISTRATION WANTED. 04:28.642 --> 04:31.117 TO YOUR POINT ABOUT EDITORIAL 04:31.118 --> 04:33.791 INFLUENCE, THEY WEREN’T JUST 04:33.802 --> 04:35.059 VETOING STORIES, THEY WERE 04:35.093 --> 04:36.318 INVOLVED IN SHAPING THE STORIES. 04:36.329 --> 04:37.665 THAT SHOWED THE SIGNIFICANCE OF 04:37.676 --> 04:39.489 WHAT THE NETWORK REPRESENTED. 04:39.523 --> 04:41.199 IT WAS TO GREAT A POLITICAL 04:41.210 --> 04:41.989 FORCE. 04:41.991 --> 04:45.304 TRUMP USED IT TO DRAG THEM ALONG 04:45.339 --> 04:48.275 WITH NARRATIVE THAT THEY WOULD 04:48.286 --> 04:50.103 HAVE NOT BEEN FULLY EMBRACING. 04:50.137 --> 04:52.944 >> YOU MENTION THE FACT THAT 04:52.955 --> 04:55.553 THEY ARE STILL BE RELEVANT AND 04:55.564 --> 05:00.570 BE PROFITABLE WITHOUT ADS. THEY RUN FEW COMMERCIALS 05:00.604 --> 05:03.379 THEY RUN FEW COMMERCIALS 05:03.390 --> 05:07.558 COMPARED WITH COMPETITORS. 05:07.569 --> 05:13.673 THERE’S NO WAY TO BOYCOTT THEM BECAUSE THEY DON’T HAVE ANY ADS. 05:13.684 --> 05:16.780 BECAUSE THEY DON’T HAVE ANY ADS. 05:16.791 --> 05:23.005 >> FOX WORKS THE SAME SYSTEM. 05:23.039 --> 05:25.659 FOX NEWS DOESN’T NEED ANY 05:25.670 --> 05:27.174 COMMERCIALS EITHER. 05:27.208 --> 05:29.590 THEY WOULD HAVE A 90% PROFIT 05:29.601 --> 05:29.838 MARGIN. 05:29.872 --> 05:30.903 WHAT MAKES THIS STORY SO 05:30.914 --> 05:31.755 SIGNIFICANT IS FOX NEWS WORKED 05:31.766 --> 05:32.468 THE SYSTEM. 05:32.479 --> 05:34.061 THEY DID IT OAF THE COURSE OF 15 05:34.072 --> 05:34.382 YEARS. 05:34.416 --> 05:35.285 THIS WAS THIS INTENTIONAL 05:35.296 --> 05:35.765 STRATEGY. 05:35.799 --> 05:37.523 IN THIS CASE, AT&T JUST 05:37.534 --> 05:38.997 PARACHUTED IN AND SAID HERE IS 05:39.008 --> 05:40.333 YOUR GOLDEN TICKET. 05:40.344 --> 05:42.446 WHAT’S WORSE IS THEY SIGNED A 05:42.457 --> 05:44.072 DEAL THAT BASICALLY SAID TO ONE 05:44.106 --> 05:46.413 AMERICAN NEWS AND THIS IS HOW IT 05:46.424 --> 05:48.067 SHOWS THEY WERE INVESTED IN ONE 05:48.101 --> 05:50.625 AMERICA NEWS SUCCESS, THE TERMS 05:50.626 --> 05:52.576 OF THEIR DEAL, ONE RENEW 05:52.577 --> 05:53.734 AUTOMATICALLY UNLESS THEY PULL 05:53.745 --> 05:54.233 OUT. 05:54.244 --> 05:57.032 THIS YEAR EVEN AFTER THE 05:57.043 --> 05:58.312 INSURRECTION AND THE VIOLENT 05:58.323 --> 06:00.041 STUFF YOU REFERENCED BEFORE, 06:00.052 --> 06:02.415 AT&T RENEWED WITH ONE AMERICA 06:02.449 --> 06:05.074 NEWS KNOWING WHAT THEY HAD DONE 06:05.076 --> 06:07.310 OVER THE PROOEFRS YEAREVIOUS YEA 06:07.311 --> 06:08.204 THEY DIDN’T HAVE TO. 06:08.215 --> 06:10.379 IT SAYS IF YOU SIGN ANOTHER DEAL 06:10.381 --> 06:12.212 WITH CABLE PROVIDER IT MUST BE 06:12.223 --> 06:13.288 ON OUR TERMS WHICH ARE REALLY 06:13.322 --> 06:13.692 LIE. 06:13.703 --> 06:16.542 IT KEPT ONE AMERICA NEWS FROM 06:16.553 --> 06:18.897 GETTING A LOT OF PICKUP AND THE 06:18.908 --> 06:20.405 WAY THEY OFFSET THAT WAS BY 06:20.416 --> 06:25.656 GIVING THEM MORE MONEY. IT KIND OF BECAME EXCLUSIVE TO 06:25.690 --> 06:30.934 IT KIND OF BECAME EXCLUSIVE TO 06:30.945 --> 06:31.428 AT&T.