In a very brief post on Breitbart, the alt-right publication announced embattled Executive Chairman Stephen K. Bannon would be stepping down. They promised an orderly transition.
Bannon said, “I’m proud of what the Breitbart team has accomplished in so short a period of time in building out a world-class news platform.”
According to Breitbart CEO Larry Solov, “Steve is a valued part of our legacy, and we will always be grateful for his contributions, and what he has helped us to accomplish.”
Word on the street is that Bannon was “shoved” out by many, including Bannon’s former financial partner, Rebekah Mercer:
Stephen K. Bannon is stepping down from his post as executive chairman of Breitbart News, the company announced Tuesday.
Mr. Bannon’s departure, which was forced by a onetime financial patron, Rebekah Mercer, comes as Mr. Bannon remained unable to quell the furor over remarks attributed to him in a new book in which he questions President Trump’s mental fitness and disparages his elder son, Donald Trump Jr.
After an interview with with journalist Michael Wolff led to several quotes published in a the book Fire and Fury that showed Bannon insulting the President’s family and colleagues, the former White House adviser was hit from all angles. Even the President put out a statement bashing Bannon. At that point, his future was likely sealed.
Breitbart News has been a leading conservative media outlet since the days of its deceased founder, Andrew Breitbart. Bannon has brought the publication into mainstream prominence and expanded its presence around the globe. He has also aligned the publication with the Trump administration and agenda. When the quotes turned the President against him, there was no way forward for the publication to continue their relationship.
Bannon will likely be back very soon. Rumors are floating around that he already has a rich backer to fund his next endeavor.
But shed no tears for Bannon – he’s got a new billionaire’s teat to suckle upon:
And for good measure, Drudge tweeted that the stock market will push the blockbuster book with Bannon’s comments out of the minds of Americans: