There would be customers. There are many small local conservative papers. NY Post, Wash. Times, Wall St Jo, etc.
Print media would be a TOUGH road. The distribution would be the killer. Interestingly, large and medium sized cities would be the easiest due to audience density and transportation infrastructure.
TV is expensive and hard to get into.
Cybercast perhaps but still expensive to get it out of "Amateur" status.
This is probably why it has not been done yet.
Still, it would be nice to kick back at the work desk and pop open your fresh copy of Conservative Tribune
.