business
As Trump Media scraps some businesses, it's doubling down on Truth Social and the president
Summary by The Odessa Editorial Desk BERNARD CONDON, Associated Press , as published by Yourbasin / Big 2 KMID + Fox 24 KPEJ (Nexstar)
· August 11, 2026
· 1 min read
Photo: Yourbasin / Big 2 KMID + Fox 24 KPEJ (Nexstar) · view original
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Summary created by The Odessa Editorial Desk — automated, rule-governed Byline on source page BERNARD CONDON, Associated Press, as published by Yourbasin / Big 2 KMID + Fox 24 KPEJ (Nexstar) Original story Read at the source Source published Aug 11, 2026 AI assistance Automated summary drawn from the source’s own published text Prepublication human review No — editorial rules, flagged-item review, and published samples
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Key points The decision was announced during a conference call with investors. From New York: A media company associated with the president is shifting its focus.
From New York: A media company associated with the president is shifting its focus. After attempting to launch several new business lines, the company has decided to scale back its expansion efforts.
The decision was announced during a conference call with investors. It appears the company will be returning to its core businesses, including Truth Social.
Further details about the company's plans and the implications of this decision are available from the source, but it is clear that the company is reevaluating its strategy after its previous efforts failed to yield the desired results.
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Yourbasin / Big 2 KMID + Fox 24 KPEJ (Nexstar) reported and published this story. The Odessa selected it, summarised the key facts above, and links to the original. We did not report this story and we added no reporting of our own to it.
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As published by Yourbasin / Big 2 KMID + Fox 24 KPEJ (Nexstar) . The Odessa selects stories from publishers’ feeds, summarises them, and links back to the publisher that reported them. We add no reporting of our own. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit Yourbasin / Big 2 KMID + Fox 24 KPEJ (Nexstar) . Have a tip or correction? Contact the editor .
Category: business Published: August 11, 2026 Source: Yourbasin / Big 2 KMID + Fox 24 KPEJ (Nexstar) Reading time: 1 min
Frequently asked about this story
What is this story about? From New York: A media company associated with the president is shifting its focus. After attempting to launch several new business lines, the company has decided to scale back its expansion efforts…
When was this published? This article was first published on August 11, 2026 by Yourbasin / Big 2 KMID + Fox 24 KPEJ (Nexstar) and curated for The Odessa readers.
Who reported this story? This story was reported by BERNARD CONDON, Associated Press at Yourbasin / Big 2 KMID + Fox 24 KPEJ (Nexstar). To learn more about how The Odessa selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more business coverage from The Odessa, or browse our daily briefing and topic hubs .
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