If I were Bannon, I would not re-invent the wheel. I would buy OAN and do everything to get it on cable in every region.
In this fascist blacklisting environment I have a hard time believing he can get a cable TV station going. It won’t be carried, IMO.
Cable is dying
The news channel will be streaming video. There are lots of them already. This one alone will increase the sales of Roku and such devices to enable receiving it for free over the internet.
Streaming video is not subject to FCC. Streaming video is Free Speech