Megyn Kelly Responds to Fox News and the Future of The Megyn Kelly Show: A Deep Dive with Jason and Chamath of All-In

In a recent episode of the widely followed Megyn Kelly Show, former Fox News anchor and media powerhouse Megyn Kelly addressed significant news regarding her former network, Fox News, and the trajectory of her independent platform.

Joined by Jason Calacanis and Chamath Palihapitiya of the All-In podcast, Kelly dissected the state of legacy media, the evolution of digital platforms, and her decision to embrace independent journalism.

The Context: Fox News and Megyn Kelly’s Departure

Megyn Kelly left Fox News in 2017 after more than a decade as one of its most influential anchors. Her departure followed a high-profile tenure marked by sharp political analysis, tough interviews, and internal conflicts, including her widely publicized clash with then-CEO Roger Ailes over sexual harassment allegations.

Since leaving the network, Kelly has experimented with different platforms, including NBC News and, most recently, her own digital-first Megyn Kelly Show on SiriusXM and YouTube.

With recent changes at Fox News, including shifting ratings and editorial direction, Kelly took the opportunity to reflect on her past with the network and its present struggles.

Speaking candidly, she acknowledged that while Fox News remains a dominant force in cable news, the media landscape has changed irreversibly, opening doors for independent voices like hers.

During her conversation with Calacanis and Palihapitiya, Kelly emphasized how media consumption habits have shifted dramatically.

Legacy networks—Fox News, CNN, and MSNBC—have long dictated the national conversation. However, with declining trust in mainstream outlets, independent platforms have gained unprecedented influence.

Jason Calacanis, a tech entrepreneur and early investor in digital platforms, pointed out that traditional media companies have failed to adapt quickly to new business models, leaving them vulnerable to disruption.

Chamath Palihapitiya echoed this sentiment, emphasizing that trust-based media, built on personalities rather than corporate brands, is the future.

Kelly, whose podcast regularly garners millions of views, acknowledged the benefits of independence. “When you control your platform, you control your voice,” she said.

“No corporate overlords, no editorial directives—just a direct connection with your audience.” This direct engagement, Kelly argued, allows her to tackle issues mainstream outlets often avoid.

One of the key topics of discussion was Fox News’s current standing in the cable news industry. While still dominant, Fox has faced increasing competition from alternative networks like Newsmax and digital platforms. The departure of Tucker Carlson, once one of Fox’s most-watched hosts, has further shaken the network’s grip on its audience.

Kelly noted that while Fox continues to draw high ratings, the landscape is more fragmented than ever. “It’s not just about who’s number one on cable anymore,” she explained. “The real battle is happening online, where people are consuming content on demand.” She cited Joe Rogan, Tim Pool, and her own show as examples of how independent platforms are pulling audiences away from traditional news sources.

Digital Monetization: A New Model for News

One of the most insightful aspects of the discussion revolved around the economics of digital media. Jason Calacanis broke down how independent creators can now generate substantial revenue without relying on traditional networks.

With ad-supported content, subscriber models, and sponsorships, independent media personalities can operate sustainably, sometimes making more than they would in legacy media.

Chamath Palihapitiya provided a financial perspective, explaining that platforms like YouTube, Rumble, and Substack have revolutionized monetization for independent voices. “If you have an audience that trusts you, you don’t need a big network,” he said. “You just need a direct way to reach them and monetize effectively.”

Kelly, who transitioned from a multi-million dollar network contract to independent journalism, reinforced this point. “The freedom I have now is something I never had in corporate media,” she stated. “I don’t have to answer to anyone but my audience.”

The Political Landscape and Media Bias

Another critical aspect of the discussion revolved around media bias. Kelly has long criticized legacy media for what she perceives as a leftward shift in journalism.

During the podcast, she and her guests debated the role of ideological bias in news coverage and how independent platforms are pushing back against the mainstream narrative.

Palihapitiya argued that many legacy media outlets have become advocacy organizations rather than neutral news sources. “People aren’t stupid,” he said. “They can see through biased reporting, and that’s why they’re moving to alternative media.”

Kelly agreed, citing her own show’s ability to cover topics mainstream outlets often ignore or spin to fit a political agenda. “I think people just want honesty,” she said. “And if you deliver that, they’ll stick with you.”

The Future of The Megyn Kelly Show

Looking ahead, Kelly outlined her vision for her show and independent journalism in general. She hinted at expanding her content beyond traditional news analysis to include more in-depth investigations and broader cultural commentary.

“I see The Megyn Kelly Show becoming a hub for honest, unfiltered conversations on the most pressing issues of our time,” she shared.

With growing numbers of independent journalists finding success outside of legacy networks, Kelly believes this trend will continue to reshape the industry.

She encouraged aspiring journalists to explore new platforms rather than chasing traditional media careers. “The future isn’t in a network studio,” she said. “It’s in your ability to build trust with an audience and deliver value directly to them.”

Megyn Kelly’s conversation with Jason Calacanis and Chamath Palihapitiya offered a revealing look at the evolving media landscape.

As Fox News navigates internal changes and challenges from digital competitors, Kelly’s success as an independent journalist underscores a broader shift in how people consume news.

With traditional networks losing their stronghold, the rise of independent media presents new opportunities for journalists willing to embrace digital platforms. As Kelly herself proves, authenticity and direct audience engagement are now more valuable than network backing.

Whether Fox News will adapt to this new reality remains to be seen. What is clear, however, is that the media world is changing—and Megyn Kelly is at the forefront of that transformation.