“Regulators invited public comment on whether the US broadcast license for Fox Corp.’s TV station in Philadelphia should be renewed after a grassroots organization asked that it be denied, saying Fox knowingly broadcast false news about the 2020 election.”
A streaming-first approach might significantly shrink their audience at least. I don’t think most people watching FOX will go sign up for a separate streaming service and throw that on their TVs. I know at least when I was living in the midwest, a lot of restaurants would play it on their TVs inside. I’d be surprised if that didn’t push them to playing some other channel instead.
I live in the Midwest and I’m honestly not sure. On the one hand you’re right, but on the other I’ve seen restaurants willing to hook up a couple Roku’s to stream whatever customers want. Remains to be seen if they’re willing to go so far out of their way just for Fox News, but I’m sure some bars out in the rural areas 100% would.