Tucker: we're back
(twitter.com)
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This is actually kind of genius. They refused to release him from his contract so he is simply going to use social media to share his thoughts, which doesn't violate the noncompete clause in his contract.
They are essentially bankrolling his own Twitter show which will gain far, far more viewers than FOX. I wonder if they'll try to litigate and declare Twitter a 'news venue' even though they don't employ Tucker or pay him.
This is a pretty funky way to fuck over FOX, I'm all for it.
... What? I mean, this certainly sounds like the shady shit networks would do to suppress competition from its own, but this makes no sense.
He's getting paid full price to stay home so that he's stuck with the non-compete. the amount of money they were paying him to be on Fox is considered worth paying just to keep him silent. He's effectively still "employed" with his job being to stay home and do nothing.
He wasn't fired. They just pulled him off the air. As of right now, it seems like they want to keep paying him his full salary while the bench him so that he can't go to one of their competitors.
I'm reasonably certain that this deal does in fact break the non-compete.
He's giving up roughly 40 million in Fox pay to do this. I am certain Elon is paying him, though.
This will be the making of New Twitter.
He was born into wealth, has made a lot of money in his own right in his time, and married into even more wealth. He doesn't need money and has said that he does his show as a form of political activism, and not for the money.
How rich do you have to be to say pass to 40 millions? Even rich people don't have cache like that.
On what grounds would a non-compete be broken?
If he isn't getting paid by Twitter, which is a social media site legally, technically he can share his own opinions about events.
If Twitter puts him under a paid contract that would be a different story, FOX might be able to claim breach of contract.