I wish somebody would come up with a plan for that.
There is no plan to do that. They won’t even sell dying media properties to a conservative, they’d rather fold than see their newspapers or such sold to a conservative. Hollyweird and the TV industry refuses to hire conservatives and they would definitely never sell their networks and cable channels to a conservative.
If a cable channel is bought by a conservative somehow, you will see cable providers drop them from a line up and a national outcry of boycotts from the left.
A conservative cable channel would have to be pretty much supported by donations too. No major corporation is going to buy ads on it. Do you ever hear big companies advertising on talk radio these days?