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The Trump family media company has struck an agreement to broadcast the UK’s GB News in the US, forging an alliance between the two right-leaning groups as the president steps up his attacks on traditional news outlets.
Trump Media & Technology Group (TMTG), which is controlled by Donald Trump’s family and runs social media app Truth Social, said on Friday that it had added British broadcaster GB News to its streaming platform Truth+.
“We welcome our good friends from across the pond, GB News, to the Truth+ platform,” said Devin Nunes, TMTG’s chief executive and chair. “GB News is a terrific source for news, facts and commentary.”
The tie-up comes as Trump has in recent weeks moved to tighten his grip on legacy US media outlets, which he has long derided as peddlers of “fake news”.
Trump last month filed a lawsuit against Rupert Murdoch and other defendants after the Wall Street Journal published a report about a letter the US president allegedly wrote for the late paedophile Jeffrey Epstein.
Earlier in July, Paramount agreed to pay $16mn to settle Trump’s $20bn defamation lawsuit against its CBS News division.
Both TMTG and GB News — which is supported by parent company All Perspectives, a group mostly owned and funded by British hedge fund tycoon Sir Paul Marshall and Dubai-based Legatum Ventures — are heavily lossmaking, according to their most recent set of accounts.
TMTG fell to a $20mn net loss in the three months to June 30, with operating costs and expenses more than doubling year on year. Total assets surged to $3.1bn thanks in part to TMTG’s growing hoard of bitcoin.
GB News in February reported a loss of £33.4mn in the 2023-24 financial year, down from £42.4mn the year before.
“Hosts of shows on the channel come from a range of backgrounds and, where a viewpoint is stated, a broad church of opinion, faith, and politics,” the company said in its report at the time.
Angelos Frangopoulos, GB News chief executive, said on Friday: “As the fearless champion of freedom of speech in Britain, it is important that we launch across the United States of America and globally on the Truth+ streaming platform.”
