What's Next for Sarah Palin After the Break With Fox News?

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Is Palin possibly hinting that she is at least open to the fact that she might go to another television home? It sounds like it. Of course Fox did build a studio in her Wasilla home, something that must have been an expensive undertaking. But now Palin spends a good deal of time in Arizona, where she owns a second home, and studios are much easier to find than in the Anchorage suburbs.

In an interview with ABC News, Bannon, who remains close to Palin, said he didn't think she would go to another network, saying, "I don't anticipate she would ever do punditry again," but as we've all learned when it comes to Palin, "expect the unexpected."

"I think people underestimate her all the time," Bannon said. "She has two things the factotums in the Republican Party can't replicate. (A): charisma and (B): the ability to connect to working men and women in this country. Until the Republican establishment finds a way to appeal to working men and women in this country, they will remain the minority party."

Bannon also hinted at what could turn from a brewing argument to all-out war between "establishment Republicans" and Palin. It's a group she has criticized but has also clearly benefited from -- ever since her "discovery" by Bill Kristol to her position at Fox News.

"The Republican establishment fears Gov. Palin for one simple reason: She is somebody the grassroots movement and the populist part of the Republican Party looks to for leadership. ... It's time for her to look for other avenues, other venues," Bannon said.

"For those that have written her off, I would not short Sarah Palin," said Bannon, using Wall Street language.

On Breitbart.com, Palin also hinted at the battle, saying, "We're not going to be able to advance the cause of limited constitutional government unless we deal with these big government enablers on our side. And this all ties into the problem of crony capitalism and the permanent political class in the Beltway. We need to consistently take them on election after election – ever vigilant."

One thing I've learned covering Palin so closely for so many years is the loyalty she inspires in her most devoted supporters. But she also inspires hate in a way that's hard to compare to other public figures, either politicians or celebrities.

It might be a small group of diehards, but they've made it clear since the Fox News announcement they aren't going anywhere, and I think we can expect them to stay loyal in whatever reinvention Palin does next.

That's not something I thought would happen after they clearly wanted her to run for president -- some so loyal they headed to Iowa to start building a grassroots campaign on her behalf without pay ---but they have stayed her fierce defenders.

No matter what Palin ends up doing, she leaves this act with a lot of money, more money than she probably could have imagined when she joined McCain's ticket. A study by SmartPolitics released Monday estimated that the former Alaska governor spoke more than 189,000 words in 150 appearances on Fox, and because of her million-dollar per year contract, it adds up to $15.85 per word.

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