Billionaire entrepreneur and “Shark Tank” star Mark Cuban recently expressed his desire to purchase Fox News and X (formerly known as Twitter), but admitted that the hefty price tags make such acquisitions unlikely. In an interview with Wired, Cuban shared his vision for both media giants, noting that while he’d love to buy and transform them, the financial realities are a major obstacle.
“If I had enough money to do it, which I don’t, I’d buy it in a heartbeat,” Cuban said of Fox News. He estimated that purchasing the network would cost between $15 billion and $20 billion, well beyond his current liquidity. Cuban explained that acquiring Fox News could serve as a way to address what he calls the “Fox News generation,” a demographic shift he’s witnessed among baby boomers, who he says have become more conservative than in their youth.
Cuban, whose net worth is around $5.7 billion, lamented how the baby boomers—once known for counterculture movements like “sex, drugs, and rock ‘n’ roll”—have increasingly aligned with the conservative ideals of Fox News. “It’s so upsetting to me,” Cuban said, reflecting on how his generation’s values have changed.
In addition to Fox News, Cuban also shared interest in acquiring X, the social media platform owned by Elon Musk. However, Cuban acknowledged that Musk is not likely to sell the platform anytime soon. “I wish I could [buy X], but there’s no reason for him to sell it,” Cuban noted, adding that he often critiques the changes Musk has made since acquiring the platform in 2022.
The two billionaires have publicly sparred, particularly over X’s algorithm and its tendency to amplify right-leaning content. Cuban has previously argued that “he who controls the algorithm controls the platform,” hinting that Musk’s influence has created a more conservative-leaning user base. Despite their disagreements, Cuban described his interactions with Musk as “fun sparring.”
Cuban’s remarks come as he prepares to leave “Shark Tank” after 16 seasons and shift focus to new business ventures. While his ambitions to own Fox News and X remain far-fetched, his comments have sparked a conversation about the future of media and tech ownership.
Be First to Comment