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who owns newsmax stock

by Nona Grady Published 3 years ago Updated 2 years ago
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Is Newsmax a legitimate source?

Nov 13, 2020 · Today, Newsmax TV is operated by Newsmax Media, which remains spearheaded by CEO Ruddy. The Qatari government has invested in Newsmax since 2018, when it acquired a major stake in the company.

Does Fox News own Newsmax?

Newsmax Media, Inc. operates a 24/7 cable news and OTT channel, news, and opinion websites. The Company offers print publications including health and financial newsletters.

How credible is Newsmax?

Company profile page for NewsMax.com including stock price, company news, press releases, executives, board members, and contact information

Who owns Newsmax TV channel on Direct TV?

Nov 20, 2020 · Christopher Ruddy is the CEO and President of Newsmax Media Inc., a digital and television news media company that, if the gossip mills are to be believed, could very well be President Donald Trump’s new home after he exits the White House. Ruddy founded Newsmax in 1998 with the intention of publishing online and offline news content.

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Who started Newsmax?

What is Newsmax.com?

Ruddy started Newsmax.com on September 16, 1998, supported by a group of investors, including the family of former Central Intelligence Agency Director William J. Casey. Later, Richard Mellon Scaife, Ruddy's former employer at the Pittsburgh Tribune-Review, invested in the fledgling company. One of the initial board members was author James Dale Davidson who edited a financial newsletter. Davidson's co-editor, Lord Rees-Mogg, former editor of the London Times, later became chairman of Newsmax. Ruddy previously promoted conspiracy theories around the suicide of Vince Foster.

What is Newsmax known for?

Newsmax (or Newsmax.com, previously styled NewsMax) is a conservative American news and opinion website founded by Christopher Ruddy on September 16, 1998, and operated by Newsmax Media . The website is divided into four main sections: Newsmax, Newsmax Health, Newsmax Finance, and Newsmax World, each divided into various subsections. Newsmax Media also operates a print magazine called Newsmax as well as the cable news channel Newsmax TV .

What is Newsmax magazine?

In 1998, Newsmax became known for its anti- Clinton content. In the fall of 2007, Newsmax CEO Christopher Ruddy published a positive interview with former president Bill Clinton on Newsmax.com, followed by a positive cover story in Newsmax magazine.

How much did Ruddy's company make in 2010?

Newsmax Media publishes Newsmax magazine, which the company describes as one of the nation's largest independent monthlies "with a conservative perspective." During 2019 the company reported a monthly readership of 300,000.

Why did Qatar invest in Newsmax?

CEO Ruddy also told the Post the company expected annual 2010 revenues to exceed $50 million. A profile on Newsmax in The New York Times described the company as a "potent force" in U.S. politics and noted the company's headquarters had become a must stop for Republican candidates seeking the party's 2012 nomination.

Where did Bill Clinton visit Newsmax?

In 2018, the Qatari government sought to acquire a major stake in Newsmax in order to "to win friends and clout in the United States as it struggle [s] to respond to a Trump-endorsed blockade by its Arab neighbors." Since Qatar moved to invest in Newsmax, the publication softened its tone on Qatar. While Newsmax had been "among the conservative outlets that led the charge in portraying Qatar as a major state sponsor of terror," when the Emir of Qatar visited the U.S. in April 2018 the outlet "cheered the visit and said it was 'widely praised.'" In 2019 and 2020, Newsmax published several op-eds by Raphael Badani, a fake persona who was part of a broader network pushing propaganda for the United Arab Emirates and against Qatar, Turkey and Iran. Newsmax listed him as an "Insider", and included a fake bio and photo of the persona.

When was Newsmax founded?

Bill Clinton also visited the Newsmax headquarters in West Palm Beach in 2010. In 2014, Newsmax donated $1 million to the Clinton Foundation and CEO Christopher Ruddy has accompanied President Clinton on foundation trips to Africa.

What books did Newsmax publish?

Ruddy founded Newsmax in 1998 with the intention of publishing online and offline news content. Since then, Newsmax.com has grown into one of the biggest news sites in the US and Newsmax TV has made its way into over 70 million homes. Find out more about its owner as we run through 10 things you didn’t know about Christopher Ruddy.

When did Ruddy start Newsmax?

Over the years, the Newsmax CEO has released several books, including 1996s ‘Vincent Foster: The Ruddy Investigation’ (an examination of the death of White House counsel Vince Foster), and 2002s ‘Bitter Legacy: Newsmax Reveals the Untold Story of the Clinton-Gore Years’ (a scathing account of the Bill Clinton- Al Gore administration). 7.

Is Newsmax a Trump TV?

2. He launched Newsmax in 1998. In 1995, Ruddy signed up as a national correspondent with Pittsburgh Tribune-Review. But after three years with the outlet, he’d apparently got sick of front line reporting. After securing a $25,000 investment from the paper’s owner, Richard Mellon Scaife, he launched Newsmax in 1998.

Is Newsmax conservative?

In an interview with Variety, Ruddy made it explicitly clear that Newsmax was in no danger of being turned over lock, stock, and barrel. “Newsmax would never become ‘ Trump TV.’. We have always seen ourselves as an independent news agency, and we want to continue with that mission,” he says.

Is Newsmax still in with a shot at a second term?

“We will be supportive of whoever the next president is,” he’s said. “Newsmax is moderately conservative and we will continue to have a moderately conservative viewpoint on things — including the president.”. 10.

NewsMax Media Valuation & Funding

Even Trump seems to be having his doubts at this stage, but Newsmax still thinks he’s in with a shot at a second term. As one of the very few remaining news outlets to call the election, their decision could be seen as a ploy to win an even bigger share of the Trump audience by parroting his insistence it’s not over till the fat lady sings (or in this case, the Electoral College meets in December). But if they do eventually concede and call for Joe Biden, Ruddy has promised to be supportive. “We will be supportive of whoever the next president is,” he’s said. “Newsmax is moderately conservative and we will continue to have a moderately conservative viewpoint on things — including the president.”

NewsMax Media Comparisons

This information is available in the PitchBook Platform. To explore NewsMax Media‘s full profile, request access.

NewsMax Media Signals

Provider of news and media publishing services. The company operates as a multi-media broadcasting and digital publishin

Who owns Newsmax?

PitchBook’s non-financial metrics help you gauge a company’s traction and growth using web presence and social reach.

Who is Newsmax Media?

Newsmax is owned by Christopher Ruddy, who is the CEO of Newsmax Media. Newsmax is funded through advertising and via a paid subscription to their platinum plan, allowing more access to content.

What is Newsmax's sidebar?

Newsmax is an American conservative biased news and opinion website founded by Christopher Ruddy in 1998 and based in West Palm Beach, Florida. Christopher Ruddy is the president and CEO of Newsmax Media. According to an Atlantic article, Ruddy is also a close friend of Donald Trump. The website is divided into four main sections: Newsmax, Newsmax Health, Newsmax Finance, and Newsmax World, divided into various subsections. Newsmax Media also operates a print magazine called Newsmax and the cable news channel Newsmax TV.

Is Newsmax a credible source?

Newsmax has a category on their sidebar called Around the Web, which is deceptive advertising. It looks like news links and leads to fake pseudo-science information and products. For example: “ Suffer with Low Energy, Weight Gain & Fatigue ” leads to a new website promoting products. In another category called Specials, they publish news with sensational headlines resulting in headlines such as these: “Nobel Prize-Winning Discovery Makes Your Cells Nearly “Immortal” SPECIAL: New way to grow biologically younger,“ which again leads to an advertisement.

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Overview

Newsmax (or Newsmax.com, previously styled NewsMax) is an American conservative news and opinion website founded by Christopher Ruddyon September 16, 1998, and operated by Newsmax Media. The website is divided into four main sections: Newsmax, Newsmax Health, Newsmax Finance, and Newsmax World, each divided into various subsections. Newsmax Media also …

History and content

Ruddy started Newsmax.com on September 16, 1998, supported by a group of investors, including the family of former Central Intelligence Agency Director William J. Casey. Later, Richard Mellon Scaife, Ruddy's former employer at the Pittsburgh Tribune-Review, invested in the fledgling company. One of the initial board members was author James Dale Davidson who edited a financial newsletter. Davidson's co-editor, Lord Rees-Mogg, former editor of the London Times, la…

News integrity issues

In 2018, the Qatari government sought to acquire a major stake in Newsmax in order to "to win friends and clout in the United States as it struggle[s] to respond to a Trump-endorsed blockade by its Arab neighbors."
Media Matters reported that during the COVID-19 pandemic in the United States, Newsmax sent a marketing email to its subscriber list asserting that "the WORST thing you could do is get a vacci…

Reception

In 2010, Nielsen Online said Newsmax was the most trafficked conservative website with approximately 4 million unique visitors monthly. Alexa Internet statistics for Newsmax.com indicate that the readership consists mainly of Internet users over the age of 45, which aligns itself to the average age of Republican leaning voters, as gathered by The Pew Research Center.
Former President Bill Clinton, who describes Newsmax's CEORuddy as a friend, made headlines …

Additional outlets

Newsmax Media publishes Newsmax magazine, which the company describes as one of the nation's largest independent monthlies "with a conservative perspective." During 2020 the company reported a monthly readership of over 1 million people.
In 2014, Newsmax Media announced they would be starting a new television news channel. It was marketed to compete with Fox News Channel. On their website Newsmax said they expected to …

External links

• Official website (Mobile)
• Newsmax Knows Its Audience (2000-12-08) by Wired.com
• Chris Ruddy: Conservatives' Great Online Ally March 13, 2009 by MarketWatch

Overview

Christopher Ruddy (born January 28, 1965) is an American journalist who is the CEO and majority owner of Newsmax Media.

Background

Ruddy grew up on Long Island in Williston Park, New York, where his father was a police officer in Nassau County. He graduated from Chaminade High School in Mineola, New York before graduating summa cum laude with a degree in history from St. John's University, New York in 1987. He earned a master's degree in public policy from the London School of Economics and also studied at the Hebrew University of Jerusalemas an undergrad. He worked briefly as a bilingual h…

Newsmax

Following Ruddy's work at the Pittsburgh Tribune-Review in 1998, he started Newsmax with a $25,000 investment along with Richard Mellon Scaife, who owned the Tribune-Review. As of a 2010 report quoting Forbes, "the duo quickly raised $15 million from 200 private investors and then bought them out in 2000. Ruddy then owned a 60 percent stake with the rest owned by Scaife". Richard Scaife passed away in 2014 at the age of 82.

Journalism

New York Post editor Eric Breindel recommended Ruddy for a job at the Pittsburgh Tribune-Review owned by Richard Mellon Scaife. In November 1994, Ruddy was hired to investigate the story full-time by the Tribune-Review. In between Ruddy's departure from the Post and joining the Tribune-Review, he put out a report through the Western Journalism Center criticizing the Fiskeinvestigation as inadequate. With the help of Scaife, the Center took out full-page ads in major newspapers to …

Politics

Ruddy describes himself as a libertarian conservative and "Reaganite," though he is not registered as a Republican.
Throughout his career, Ruddy has often staked out positions at variance with the Republican Party. For example, Ruddy broke with the Bush Administration on the Iraq War, and was one of the first conservatives to do so. "I came out very strongly against the war in Iraq when it wasn't in vo…

Publications

Books
• Vincent Foster: The Ruddy Investigation (United Publishing Company, 1996)
• The Strange Death of Vincent Foster: An Investigation (Free Press, Simon & Schuster, 1997. ISBN 0-684-83837-0.)
• Bitter Legacy: NewsMax Reveals the Untold Story of the Clinton-Gore Years (NewsMax Media, 2002. ISBN 0-9716807-3-6.)

See also

• New Yorkers in journalism

External links

• www.ChrisRuddy.com
• Corporate information for Newsmax Media, Inc., from the Florida Department of State.
• Ruddy's political donations at Newsmeat.com.
• L. Brent Bozell III (1997-10-02). "Ruddy Blackout Shows a Book Bias". Weekly Syndicated Column. Creators Syndicate. Archived from the original on 2008-05-11. Retrieved 2007-12-31.

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