Fox News is no longer running commercials from the MyPillow company, saying founder Mike Lindell owes money for time he’s bought, Bloomberg is reporting.
“As soon as their account is paid, we would be happy to accept their advertising,” a FOX News spokesperson said Friday in a statement.
Lindell hasn’t paid for spots since August of last year, according to a person familiar with the network’s business. The ads stopped running last month.
He said he has spent between $500 million and $1 billion advertising with Fox.
MyPillow was once among the top advertisers on the network, but more recently accounted for less than 1% of revenue for the Fox News Media unit, which includes the flagship cable channel and related outlets, the person said.
Lindell said late last year that he had “lost everything, every dime,” fighting defamation suits brought against him over claims the 2020 presidential election was rigged.
In an interview with Bloomberg News on Friday, Lindell said he’s been buying about $1 million a week in ads on Fox News and that the network’s decision to drop him came without warning.
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