Hicks Single Family Office Is Checking Investment In Fox News Rival

Hicks Single Family Office Is Checking Investment In Fox News Rival

According to Wall Street Journal, a subsidiary of Tommy Hicks’ US single family office is considering buying “One America News Network”, which is a conservative news channel.

One America News Network as Fox News Rival

One America News Network (short: OAN), which was founded in 2013, is a conservative American TV channel like Fox News. The company is owned by Herring Networks and located in San Diego, California. In 2019, the news channel had around 150 employees. OAN is mainly known for its conspiracy theories and right-wing content. Tommy Hicks, who now intends to buy OAN, is (like the TV channel) a strong Trump supporter.

Hicks Single Family Office: Hicks Equity Partners considering the acquisition

Tom Hicks is a US private equity investor, whose wealth is estimated at $1BN. The Dallas-based investor was the co-founder of the investment firm Hicks, Muse, Tate & Furst. He is also known for its sports investments, amongst others in Liverpool F.C. or the Texas Rangers. Now, the private equity arm (“Hicks Equity Partners “) of Hicks’ single family office “Hicks Holdings” is considering the acquisition. Hicks Equity Partners was founded in 2007 and is also located in Dallas.

Sources
Dallas News, 16.1.2019
Specphotops, 16.1.2019

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