Industry News

Newsmax CEO Warns Christian Leaders About Media Consolidation

Last Friday (7/17), Newsmax CEO Christopher Ruddy addressed the attendees at The FAMiLY Leader’s Family Leadership Summit in Des Moines. Among the topics Ruddy spoke about included the FCC’s move to abandon the 39% ownership cap for television stations. Ruddy warned that FCC chairman Brendan Carr’s plan “is imgdangerous and would allow two or three corporations to dominate local television news, reducing competition, independent journalism, and threatening religious broadcasters.” He noted that conservative organizations including CPAC, the National Religious Broadcasters, and the Zionist Organization of America oppose lifting these ownership limits. Ruddy also took the opportunity to address how broadcasters view the American people, saying, “Polling consistently shows Americans are far more center-right than portrayed by the legacy media. There is a growing disconnect between public opinion and media narratives.” See more about Ruddy’s speech at Newsmax here.

Industry News

Newsmax Hits Social Media Follower Mark of 25 Million

Newsmax says that it has hit a major milestone in its digital expansion, surpassing 25 million followers across all social media platforms. The company says that its continuous and significant growth in social media followers – up 25% from a year ago – underscores the brand’s img“accelerating reach and deepening engagement with audiences nationwide.” Newsmax CEO Christopher Ruddy comments, “This growth shows that Newsmax is truly touching a nerve with audiences. We are continuing to execute on our strategy to reach all people on all platforms, and the results speak for themselves. Passion for our brand remains incredibly strong. We’re seeing audiences actively seek out Newsmax across platforms, share our content, and become part of a growing community that values our reporting and viewpoint.”

Industry News

Newsmax to Launch Greta Van Susteren Podcast

Newsmax is launching a weekly podcast titled, “Greta Wire,” hosted by cable news pro Greta Van Susteren. The show will be based in imgWashington and will “feature interviews with notable figures from politics, business, sports and entertainment.” Van Susteren also hosts “The Record With Greta Van Susteren” daily on Newsmax. Van Susteren says, “I am excited about this new platform so I can explore issues more deeply with listeners who want to know the full story.” Newsmax Audio and Radio CEO Ralph Renzi adds, “We are proud that Greta will bring her insightful journalism to the podcast world.”

Industry News

Newsmax CEO Chris Ruddy Gets Exclusive Interview with Netanyahu

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Newsmax CEO Christopher Ruddy is in Israel and did an extensive, exclusive interview with Israeli Prime Minister Benjamin Netanyahu. Ruddy is pictured above being interviewed in the streets of Tel Aviv by senior correspondent John Huddy as he previews the interview. See this clip here.

Industry News

Manhattan Borough President Attempting to Censor Newsmax

News outlet Newsmax is fighting an attempt by New York City Manhattan borough president Brad Hoylman-Sigal who is petitioning New York City Mayor Zohran Mamdani to remove Newsmax content from the city’s taxi TV screens. New York’s taxis are private entities that operate via a city license known as a medallion. Last year, Newsmax signed with Curb aimg deal to provide a one-minute news update hosted by one of the network’s anchors to over 15,000 taxis across the country, including in New York City. In a January 21 letter to Mamdani and Taxi and Limousine Commissioner Midori Valdivia, Hoylman-Sigal stated the cabs should not carry Newsmax because of its “politically charged content.” The letter went further, stating Newsmax “is not a credible news source for New Yorkers. I urge you to summarily suspend the NYC Taxi and Limousine Commission’s partnership with Curb… and demand that Curb cease its collaboration with Newsmax as a condition of licensure given the platform’s history of misinformation and disingenuous reporting.” Newsmax says, “This is a pure act of censorship targeting a news organization reaching over 50 million Americans regularly. Newsmax plays it straight and that drives the far left crazy.” See the Newsmax story here.

Industry News

Michael Reagan Dies at 80

Longtime talk radio host and conservative media personality Michael Reagan, the eldest son of President Ronald Reagan, died on Sunday (1/4) at age 80. The Ronald Reagan Presidential Foundation and Institute announced his death in a post on the social media saying, “Michaelimg Reagan lived a life shaped by conviction, purpose, and an abiding devotion to President Reagan’s ideals.” Reagan began his talk radio career in the late 1980’s first doing commentary on KABC, Los Angeles and then hosting his own show on KSDO, San Diego. For years his radio program was distributed nationally by Radio America and then by Premiere Networks. At the time of his death, Reagan was serving as a columnist for Newsmax. TALKERS publisher Michael Harrison says, “Michael Reagan was one of the pioneering talents that launched news/talk radio to new levels of achievement and influence in the 90s, in addition to forging a successful decades-spanning career as a host and commentator.  From a media industry standpoint, he was a self-made man, never leaning on his famous family connection as an advantage. Off the air, he was a regular guy. On the air, he was just plain good.”

Industry News

Newsmax Files Petition to Deny in Nexstar-Tegna Merger

Newsmax Media, Inc filed a Petition to Deny on December 31 asking the Federal Communications Commission to block the proposed $6.2 billion merger between Nexstar Media Group and TEGNA Inc., saying that the deal would violate federal law, harmimg competition, raise prices for consumers, and damage local news across the country. If the deal is approved, Nexstar would become the largest TV station owner in the nation owning 244 television stations across 44 states. Newsmax CEO Christopher Ruddy says, “This merger would create an unprecedented and dangerous consolidation within the broadcast TV industry, giving them immense control over local news and political news coverage.” Newsmax says that the national television ownership cap was set by Congress at 39% of U.S. television households in 2004 and explicitly stripped the FCC of authority to modify it and argues that any change in the cap by the FCC, including waivers, is a direct violation of law. See the Newsmax story here. 

Industry News

WNRI Talk Host John DePetro Providing Updates on Brown U. Shooting

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Pictured above is WNRI, Woonsocket, Rhode Island midday talk host John DePetro (right) appearing on FOX News Channel with Jesse Watters (left) providing local insight about the manhunt for the killer responsible for the Brown University shootings. DePetro tells TALKERS that he arrived on the scene within an hour of the shooting and has been a steady presence at the press briefings and is doing his radio show from the Brown campus. He also appeared on Newsmax TV with Greta Van Susteren.

Industry News

Newsmax Inks New Deal with YouTube TV

Newsmax announces that it has renewed its carriage agreement with YouTube TV. As part ofimg the multiyear deal, the Newsmax channel will continue to be available in YouTube TV’s Base Package. Newsmax SVP of distribution Andy Biggers says, “This agreement keeps Newsmax, the fastest growing cable network in the U.S., on YouTube TV, the fastest growing pay TV platform in the U.S., for years to come. YouTube TV have been great partners, and we look forward to continuing to grow together.”

Industry News

News Organizations Band Together Against Pentagon Media Requirements

The Department of War is asking news organizations to sign an agreement to adhere to strict reporting procedures – including a ban on reporting on classified information – to have access to Pentagon officials and, in an unusual show of solidarity in these times, ABC News, CBS News,img CNN, FOX News Media, NBC News, and Newsmax are declining to sign the agreement. A joint statement from ABC News, CBS News, CNN, FOX News Media, and NBC News says, “Today, we join virtually every other news organization in declining to agree to the Pentagon’s new requirements, which would restrict journalists’ ability to keep the nation and the world informed of important national security issues. The policy is without precedent and threatens core journalistic protections. We will continue to cover the U.S. military as each of our organizations has done for many decades, upholding the principles of a free and independent press.” Newsmax adds, “We are working in conjunction with other media outlets to resolve the situation. We believe the requirements are unnecessary and onerous and hope that the Pentagon will review the matter further.”

Industry News

UPDATE: Conservative Media Factions Fighting Each Other Over Administration Approval

Since TALKERS ran the following story yesterday (10/9), we learned about another angle to this story and have updated it.

There is no unity for the various conservative media outlets fighting for both viewers/listeners and the approval of the Trump Administration. Since 2016 it’s been widely reported that President Donald Trump watches FOX News Channel constantly. But a recent interview with Donald Trump Jr. by Chris Salcedo on Newsmax TV indicates that, at least for the president’simg eldest son, FNC is in the doghouse. Newsmax published an account of the interview which quotes Trump Jr. saying, “Honestly, I don’t watch it anymore because it is so ridiculous. They try so hard to be unbiased that they’re actually biased against conservatives at this point. But this shouldn’t be surprising. These are networks that banned me for two-and-a-half. I’m barely on anymore. I know my father was banned.” However, TALKERS has learned that Donald Trump Jr. appeared on FOX News Channel four times recently – on August 13 and September 3, 11, and 12. He told Salcedo img“FOX’s approach has left conservatives silenced while Democrats and establishment figures get free rein.” The president recently complained about FNC in a post on Truth Social in which he singled out White House correspondent Peter Doocy for talking to Arizona Senator Mark Kelly about his healthcare agenda. He wrote, “Why is Fox News and Peter Doocy putting on Democrat Senator Mark Kelly to talk about, totally unabated or challenged, Healthcare?” SiriusXM’s Megyn Kelly recently complained about FOX News Channel’s coverage of Charlie Kirk’s slaying, saying, “It’s really bothering me how FOX News is talking about Charlie, like he was theirs — he wasn’t. It’s a lie. Just stop.”

Industry News

Judge Dismisses Newsmax Suit Against FOX

Judge Aileen Cannon dismissed Newsmax’s anti-trust suit against Fox Corporation and FOX News Network LLC, calling it an impermissible “shotgun pleading.” Judge Cannon provides the following definition of a shotgun pleading in her ruling:“The most common type [of shotgun pleading] – by a long shot – is a complaint containing multiple counts where each count adopts the allegations of all preceding counts, causing each successive count to carry all that came before and the last count to be a combination of the entire complaint.” The suit was dismissed without prejudice which gives Newsmax the opportunity to file an amended complaint, but it must do so by September 11 and “must not contain any successive counts that incorporate all prior allegations.” Judge Cannon also adds that if an amended complaint is filed, “each count must identify the particular legal basis for liability and contain specific factual allegations that support each cause of action within each count.

Industry News

War of Words Breaks Out Between FOX and Newsmax Over Lawsuit

Yesterday, TALKERS reported the anti-trust lawsuit Newsmax is filing against Fox Corporation and Fox News Network, LLC in the United States District Court for the Southern District of Florida in which Newsmaximg accuses FOX of “engaging in an extensive and unlawful campaign to block competition in the market for right-leaning pay television news, including Newsmax.” imgA FOX spokesperson responded with the following: “Newsmax cannot sue their way out of their own competitive failures in the marketplace to chase headlines simply because they can’t attract viewers.” Newsmax issued the following statement in response to that saying, “If Newsmax was such a ratings failure, why has FOX spent so much time, energy, and resources to suppress us, block us, and denigrate us? The answer is obvious. Also please note that FOX in its statement does not deny any of our serious allegations.”

Industry News

Newsmax Files Anti-Trust Suit Against FOX News

Newsmax announces it has filed a federal antitrust lawsuit against Fox Corporation and Fox News Network, LLC in the United States District Court for the Southern District of Florida. Newsmax is accusing FOX of “engaging in an extensive and unlawful campaign to block competition in the market for right-leaning pay television news, including Newsmax.” The complaint alleges that FOX has abused its dominance in the right-leaning pay TV news market for years by coercing distributors into unfair carriage agreements designed toimg exclude or marginalize competitors like Newsmax. Further, Newsmax alleges that FOX News, “described in the complaint as a ‘must-have’ channel for distributors, leverages its market power to impose restrictions that harm consumers, stifle competition, and drive-up costs across the pay TV ecosystem.” Specifically, Newsmax alleges that “FOX conditions access to FOX News on imgagreements by distributors not to carry or to restrict competing right-leaning news channels. If distributors carry Newsmax, FOX forces them to also carry low-demand channels like FOX Business or FOX Sports 2 in their most widely viewed tiers, triggering potentially tens of millions in extra fees. These clauses penalize distributors for placing Newsmax in basic packages by requiring simultaneous promotion of FOX less popular channels.” Also, Newsmax alleges that FOX has pressured its guests to not appear on Newsmax, as well as has run online smear campaigns and hired private investigators targeting Newsmax executives to damage the Company’s credibility. Newsmax is asking the court to: 1) Declare FOX’s conduct unlawful under federal and state antitrust laws; 2) Award monetary damages as permitted by law; 3) Enjoin FOX from continuing exclusionary contracts and monopolistic practices; and 4) Order equitable relief to restore competition in right-leaning pay TV news.

Industry News

Newsmax Settles with Dominion Voting; Claims a Fair Trial Was Impossible

Newsmax Media, Inc announces it has reached a settlement agreement with Dominion Voting Systems in which it will pay $67 million over three years to resolve the suit. The suit revolved around Newsmax’s coverage of the 2020 presidential election in which Dominion claimed certain statements made byimg Newsmax were defamatory. However, Newsmax is not admitting guilt; just the opposite. “Newsmax believed it was critically important for the American people to hear both sides of the election disputes that arose in 2020. We stand by our coverage as fair, balanced, and conducted within professional standards of journalism.” The company says Delaware Court Judge Eric Davis would not provide a fair trial wherein the company could present standard libel defenses to a jury. Newsmax CEO Christopher Ruddy says, “The Delaware Court under Judge Davis effectively enforced a confiscation of our property because our reporting was not always sympathetic to Joe Biden. The actions taken against Newsmax, and earlier against FOX News, represent a direct attack on free speech and a free press.”

Industry News

NewsTalkSTL Hosts to Broadcast from Israel

NewsTalkSTL hosts Tim Jones and Chris Arps will be broadcasting their program from Israel on Tuesday and Wednesday of next week. The station (KNBS-FM, Bowling Green; K270BW, Bellefontaine; and KLJY-HD3, Clayton in Missouri) says the duo will be in Israel all next week providing special coverage as part ofimg a partnership between NewsTalkSTL and Newsmax. NewsTalkSTL says this will be Chris Arps’s second visit to Israel in the past month. His previous trip, which took place during Iranian airstrikes, was a sightseeing tour. This time, he returns as part of a diplomatic delegation organized by Newsmax in coordination with the Israeli government. Tim Jones says, “Traveling to Israel, especially during this consequential time, will be a life changing trip. Experiencing the Holy Land, visiting with top Israeli officials, all while literally walking in the footsteps of Jesus, will be an incredible experience for all of us in NewsTalkSTL nation.” NewsTalkSTL president of programming Jeff Allen says, “It should be an incredible week of content from Tim and Chris. They won’t just be sharing their impressions; they’ll have stories you can only get by being there on the ground.”

Industry News

Eric Bolling Joins New Citizen-Owned Media Platform

Former FOX Broadcasting, Red Seat Ventures, and Newsmax talk host and journalist Eric Bolling is the new senior communications manager and partner at Re:Public, the new “citizen-powered media platform forimg local communities and civic issues.” According to a press statement, Bolling will assist in guiding Re:Public’s strategic communications, serve as voice of the platform in national and regional media, and assist with outreach as Re:Public expands throughout the United States. Bolling says, “Re:Public is an innovative new platform that returns the voice of ordinary Americans to the center of our public life. Local news has been dominated by goliath corporations for too long. Re:Public empowers people with the ability to report what is important in their own neighborhoods — unfiltered, uncensored, and held accountable.”

Industry News

Newsmax Debuts National Update on Streaming Platform

Newsmax is beginning a new weekday news show on its N2 streaming platform titled, “National Update,” anchored by Tracy Sobol, and airing from 11:00 am to 12:00 noon. Newsmax says the showimg is “bringing America the headlines that matter – fast, accurate, and in-depth. Anchor Tracy Sobol covers politics, economy, culture, and global affairs with trusted analysis and real-time reporting from coast to coast and around the world.” Sobol comes to Newsmax from EWTN where she anchored “EWTN News Nightly.” Sobol comments, “I am thrilled and honored to be joining Newsmax. I could not be more excited to be a part of one of the fastest-growing news organizations, bringing real news to Americans. There is no place that I would rather be.”

Industry News

Newsmax Stock Soars After IPO

The newly issued shares of media organization Newsmax went through the roof yesterday – rising to $233 per share from its Monday debut of $14 per share. Newsmax stock trades on the New York Stockimg Exchange under the ticker symbol NMAX. CNBC reports that the rise brought the company’s market capitalization to “nearly $30 billion – surpassing the market cap of legacy media companies like Warner Bros. Discovery and Fox Corp.” Newsmax CEO Christopher Ruddy told CNBC, “Americans for a long time have been voting with their remote controls, downloads, apps to say they want Newsmax. Now investors powerfully are buying Newsmax shares because they like us, they value us and they want us to keep growing.” See the CNBC story here.

Industry News

Newsmax Closes Preferred Offering; Preparing for IPO

Newsmax Inc. announces the closing of its previously announced offering of Series B Preferred Stock. Newsmax says the offering exceeded its initial target of $150 million with the company closing last week on its maximum offering amount with gross proceeds of $225 million, before the deduction of placement agent fees and other offering expenses. More than 8,000 accredited investors participated in the private offering.img Now, is submitting IPO offering materials with the SEC and is seeking a public offering with a planned listing on the New York Stock Exchange under the symbol “NMAX” later this year. Newsmax CEO Christopher Ruddy states, “This achievement reflects the strong results Newsmax has demonstrated and testifies to the trust and support the company maintains with investors, viewers and friends. We’d also like to thank Digital Offering LLC, for their expertise, hard work and their positive commitment to supporting us throughout this process. We are excited to be one step closer to our upcoming IPO which will provide us a tremendous opportunity for growth. A public offering will allow tens of thousands of Americans to directly partner with us and join our news revolution. We look forward to delivering long-term value to all of our shareholders.”

Industry News

Newsmax Offering Preferred Shares in Advance of IPO

Newsmax says that it expects to go public within the “next 30 to 45 days” and is offering Preferred Shares to investors before any potential listing on the stock exchange. Mark Elenowitz is managing director for Digitalimg Offering LLC and says the deadline to apply for shares in the pre-public offering private placement is Friday (1/31). Newsmax says that its private placement investments are near the $185 million mark. Newsmax has made information about the offering available via its NewsmaxInvest.com site. The offering is available to accredited investors with an annual income of $200,000 or a $1 million-plus net worth.

Industry News

Rob Finnerty to Lead Newsmax’s Prime Time Lineup

Newsmax names veteran news anchor and broadcaster Rob Finnerty host of “Finnerty,” leading the cableim news network’s primetime lineup at 8:00 pm ET, debuting on October 8. For the past four years, Finnerty has been co-host of Newsmax’s “Wake-Up America” morning program with Sharla McBride. Newsmax CEO Chris Ruddy says, “Rob has demonstrated success in our morning show and connects with our audience in a powerful way, and we believe he will continue that success in primetime.” Finnerty comments, “For far too long cable news has been a monolith – with very few options available to the American people, but Newsmax is proof that the model is changing, and I feel incredibly honored to be a part of that change. Ever since I got here, Newsmax has kept growing and growing, which is amazing for this industry. This is the opportunity of a lifetime, and I am so grateful to Newsmax and its team led by CEO Chris Ruddy.” Pictured here is Rob Finnerty as a special guest speaker at TALKERS 2024. 

Industry News

TALKERS News Notes

Mark KayeCanceled (WOKV-FM, Jacksonville) Talk Radio Host Returns With Political Podcast “Mark Kaye Saves the Republic!”Radio talk show host and Newsmax TV personality Mark Kaye tells TALKERS that he’s launching an entertaining new political podcast, “Mark Kaye Saves the Republic!”Lara Trump and Mark Kaye The new daily podcast and livestream promises to deliver fun and informative takes on breaking news and political headlines. Mark approaches the show with his trademark high energy and quick wit to create what he describes as “a cool atmosphere for all his loyal listeners affectionately called Kayetriots.”  Kaye states, “I am beyond excited to create entertaining and informative daily content again. Since I was canceled [by WOKV-FM, Jacksonville], my audience has been struggling to find real news and true conservative values on the radio or anywhere else. This is not just another news podcast. It’s an online world where patriotic Americans come together to get the daily information and inspiration they need to keep fighting for this great country. My listeners and I are going to save the republic and we’re going to have a lot of fun doing it!”  The show kicks off this week with live coverage from the Presidential Debate in Philadelphia. “Mark Kaye Saves The Republic!” is produced by Kayetriot Media.

 

 

 

Heidi HarrisHeidi Harris Inducted Into the Nevada Broadcasters Hall of Fame.  After 26 years in radio including stints at KXNT and KDWN in Las Vegas, veteran talk show host Heidi Harris was inducted into the Nevada Broadcasters Hall of Fame this past weekend (9/7).  Harris tells TALKERS, “It’s an honor to be recognized by the Nevada Broadcasters Association, which works tirelessly on behalf of the broadcasting community, and awards generous scholarships every year to the next generation of broadcasters.”  Harris continues to be a trailblazer presenting “The Heidi Harris Show” as an online streaming and video podcast production.

Industry News

Newsmax Files With SEC for Initial Public Offering, Plans to List on NYSE

Industry News

Newsmax Wins One in Smartmatic Case

The Special Master appointed by the Delaware Superior Court has ruled against voting systems purveyor Smartmatic which was seeking sanctions against Newsmax alleging that CEO Christopher Ruddy and other staffers destroyed evidence. The Special Master ruled that Smartmatic failed to prove that Ruddy and others intentionally or recklessly destroyed evidence in the case. Newsmax says that it informed the Special Master that some of Ruddy’s text messages were accidentally not preserved on his mobile phone, but heim located another device that had many if not all of the text messages. Those messages were produced to Smartmatic in the litigation. Newsmax also notes that it informed the Special Master that neither Ruddy nor any senior staff sought to hide text messages or emails, which in many cases were also collected from dozens of other Newsmax witnesses in the case and produced to Smartmatic. Newsmax separately filed a Motion for Sanctions against Smartmatic on May 13, 2024, and a Motion for Contempt against Smartmatic on July 16, 2024. Both of those motions remain pending. In its motions Newsmax argues that Smartmatic and its executives have misled Newsmax, the Special Master, and the Court about the Department of Justice’s ongoing criminal investigation into Smartmatic in which the agency alleges that Smartmatic and several of its senior executives participated in an international scheme involving a multi-million-dollar bribe allegedly made to an election official in the Philippines in exchange for the company getting nearly $200 million in contracts. See the full (somewhat redacted) complaint here.