Billionaire Peter Thiel Mulls Starting Conservative News Outlet
He’ll face the Fox. Thiel, an early supporter of both Facebook and President Trump, reportedly wants to launch a new conservative network, backed by Republican media luminaries and cash from hedge fund mogul Robert Mercer — who recently announced he’s selling his stake in Breitbart News. Thiel financed the lawsuit that bankrupted Gawker Media, reportedly as part of a personal vendetta, and has since bid on the defunct site’s archives. He was reportedly working on his network plans with deposed Fox chairman Roger Ailes until his death last year.