by Gary Farber
Glenn Beck is leaving Fox News, but not, I'm afraid, leaving us alone.
FOX NEWS AND MERCURY RADIO ARTS ANNOUNCE NEW AGREEMENT
(New York, NY) Fox News and Mercury Radio Arts, Glenn Beck’s production company, are proud to announce that they will work together to develop and produce a variety of television projects for air on the Fox News Channel as well as content for other platforms including Fox News’ digital properties. Glenn intends to transition off of his daily program, the third highest rated in all of cable news, later this year.
Speculation is, of course, rampant.
[...] Two of the options Mr. Beck has contemplated, according to people who have spoken about it with him, are a partial or wholesale takeover of a cable channel, or an expansion of his subscription video service on the Web.
Reports this week that Joel Cheatwood, a senior Fox News executive, would soon join Mr. Beck’s growing media company, Mercury Radio Arts, were the latest indication that Mr. Beck intended to leave Fox, a unit of the News Corporation, when his contract expired at the end of this year.
Notably, Mr. Beck’s company has been staffing up — making Web shows, some of which have little or nothing to do with Mr. Beck, and charging a monthly subscription for access to the shows.
He's not going away. Frankly, this is part of the not-that-slow collapse of the whole "tv network" paradigm that the internet is forcing. "TV' isn't going away as fast as traditional publishing, which is going away much faster than the traditional music distribution business, but it's circling the drain rapidly with streaming and direct deals for iPads and tablets and phones and all sorts of streaming.
Below, the worst of Glenn Beck, but why he's not stupid about media. Laugh and weep.