Daily Caller co-founder Tucker Carlson is raising money to launch a new media venture, Puck News reports.

Carlson is reportedly raising money for the venture, with a “majority” of former Fox News staff expected to join him.

“It’s becoming more and more likely that this Twitter show will be a top-of-funnel play for other things Tucker may have in store soon.” pack news Dylan Byers wrote. “In fact, I hear he’s raising money to start a new company that could have more impact.”

“Tucker’s new media strategy, if executed well, could serve as a paradigm for a generation of television news personalities with vast followings and fans who remain huddled at their desks at a time when audiences are dwindling,” he said. continued. (Related: ‘Be God’: Tucker Carlson Explains Politicians Support Ukraine Conflict Because ‘War Means Power’)

Fox News laid off staff remaining from Carlson’s show on Monday and announced a new primetime line-up. The station has laid off at least nine staffers, including a longtime producer, in what one former Fox News producer told the Daily Caller was “amazingly insensitive.” Another former FOX producer told Kohler that staff on Carlson’s team had been told repeatedly that their jobs were safe after Carlson left, including last week. Two of Carlson’s producers I left the network.

Fox announced in late April that it was parting ways with Carlson. The top-rated host then launched his own show on Twitter, sparking a public legal battle between Fox News and the Daily Caller co-founder.

Fox News issued a “suspension order” to Carlson in mid-June, accusing him of violating a non-compete clause and breaching contract when he posted the first episode of his show on Twitter.