Chris Balfe

One of the most fascinating things of the deal is that you are the platform for three of the biggest stars Fox has ever had, Megyn Kelly, Tucker Carlson, Bill O'Reilly. And Piers had a relationship with Fox but a little different. And you have this radically different relationship with them, which was when Fox News – when you work for Fox News, you really work for Fox News.

You do whatever they say. You do not do things they don't say. They have total control over everything you do. When you work for Red Seat, Red Seat sort of works for you. It's an inverted relationship in which the talent has a lot of power. You get to work for them to the degree that you're providing great service for them and great money for them.

But it's an inverse relationship where you, as the media company, just have so much less control. You're kind of an agency for talent.

I can like faintly hear like shrieks coming from Fox News world as you say creators are in charge.