President Trump has yet to concede the presidential election, leaving many wondering what will happen in the future. Axios co-founder Mike Allen joins “Squawk Box” to discuss his latest report that President Trump is considering moving to digital media. To access CNBC’s exclusive live video subscribe to CNBC PRO: Republicans are concerned that President Donald Trump’s refusal to concede the presidential election to Democrat Joe Biden could have negative consequences in the battle for control of the Senate Axios co-founder Mike Allen told CNBC on Friday. “From conversations I have, Republicans are very worried that this foot drag is going to hurt the real next fight,” Allen said in an interview with “Squawk Box”. Instead, Allen added, they want to “keep an eye on the prize, which is Georgia’s two playoffs on Jan.5.” Republicans hold a 50 to 48 Senate seat advantage, according to projections by NBC News. The two openings are in Georgia, where the race between GOP Senator Kelly Loeffler and Democrat Raphael Warnock will take place on January 5, as neither candidate won 50% of the vote in last week’s general election. Republican Senator David Perdue and Democratic challenger Jon Ossoff also appear to be heading for a run-off, but NBC News has yet to make an official call. The races have important implications for policy-making in Washington as two Democratic victories would give the party control of the Senate – along with the House and the Presidency. Republican pollster Frank Luntz told CNBC earlier this week that it was “the most important Senate election in modern times.” Trump has yet to concede the presidential election to Biden, after various media organizations, including NBC News, projected the Democrat as the winner on Saturday. Trump’s campaign has been the subject of a wave of lawsuits in states related to the voting process or the counting of votes. Moreover, despite the president’s baseless claims, there is no evidence of widespread electoral fraud. A GOP victory in just one of Georgia’s contests, Allen noted, would mean Republicans would retain their majority in the Senate. If Democrats won both seats, dividing the Senate in the middle, Vice President-elect Kamala Harris would end up holding the deciding vote. “It’s very possible that the Republicans will win those two seats,” said Allen, a veteran Washington reporter who co-founded Politico before launching Axios in January 2017. “They only need one for Mitch McConnell to have. remains the majority leader, but Republicans don’t want the president to distract from the money and not concede. On Thursday, Allen reported in his widely read morning newsletter that Trump was considering launching a digital media company after his presidency, with the intention of competing with Fox News. As Trump relied on the conservative-friendly cable channel to reach voters, Allen said Trump was growing angrier against the network, as evidenced by Thursday’s wave of tweets and retweets offering alternatives to Fox News. “The president is seriously considering playing direct to consumer … where he would connect directly with his fans there, who would pay a monthly fee, “Allen told CNBC. “Whether he’s starting something himself or working with an existing player like Newsmax or some other conservative player, the idea is to connect directly with these fans, and let’s face it. The president needs money and he will have time. This addresses both of these issues. »Subscribe to CNBC TV:» Subscribe to CNBC: »Subscribe to CNBC Classic: Turn to CNBC TV for the latest stock news and analysis. From market futures to live price updates, CNBC is the world leader in business news. The News with Shepard Smith is CNBC’s daily news podcast providing in-depth, non-partisan coverage and perspective on the day’s most important stories. Available at 8:30 p.m. ET / 5:30 p.m. PT daily starting September 30: Connect with CNBC News Online Get the latest news: Follow CNBC on LinkedIn: Follow CNBC News on Facebook: Follow CNBC News on Twitter: Follow CNBC News on Instagram: #CNBC #CNBCTV.