Fox News and Newsmax Television studios are seen at the Fiserv Forum on the Republican National Convention (RNC) Fiserv Forum, Milwaukee on July 14, 2024, on the Fiserv Forum on 2024. RNC will be held on July 15-18 in Milwaukee.
Joe Raedle | Getty Images News | Getty pictures
Newsmax On Monday, the New York Exchange went to the public because the conservative cable news network increased after the selection of President Donald Trum and other right-wing politicians.
The network began trading under the symbol of NMAX on Monday morning, after 14 dollars after $ 14, began to participate in a share. More than 500% rose in the afternoon in Volatile.
Newsmax in September declared Plans for the preliminary public proposal in early 2025. Friday, company gossip In the price of $ 10 per share, 7.5 million shares of total shares of total shares increased the sale of $ 75 million.
A clean game TV network in the United States is a rare case, the recoic data with Foegic data could not be compared to Newsmax in recent decades. NewsMax’s IPO comes at a time when the traditional cable TV has runs in favor of the traditional cable television. Now the news and live sports, the biggest audience and most advertising revenue dollars.
Debut, Trump and other healthy politicians in the final elections come to the audience for the right wing primetime content.
The company’s founder and CEO Christopher Ruddy said that CNBC’s Squawk box Squawk Squawk Since Monday has seen an opportunity Fox corps. Fox news did not have an opponent in the right market of the center.
“I think there was more competitive requirement against FOX,” said Rudy Monday. In 1998, Ruddy set up as a digital victim in 2014 before the cable was a cable television network.
If the Cable News Landscape is dominated by Fox News, CNN and MSNBC, NewsMax has grown in recent years and is offered through the largest salary-TV providers.
On Monday, Ruddy, Newsmak’s “Cable news channel number four in the United States, CNN behind CNN. Nielsen is the “sequence” of Newsmax rankings on Monday, Fox News, the fourth place behind MSNBC and CNN.
In general, Newsmax is the top 20th place in the first 20th in the first 20th place between both Primetime and Daytime cable networks.
“I think this is a great achievement for a 10-year-old cable company,” Ruddy said in Monday, “Squawk box”.
As the popularity increases, NewsMax held talks to adopt licensing fees from cable television providers. In the first days, Newsmax rely on ad revenues. In 2023, he settled the dispute with Directv – this is after receiving the fees to fall from the payment TV provider during a paid period.
The company went to the public, Ruddy, this Newsmax Trump Pro-Trump provinces reached a settlement of a $ 40 million in the network, helped the former President Joe Biden’s former President Joe Biden’s voting lake.
“We believe that we are conservative with an independent news assignment and ask the Trump’s hard questions,” Ruddy said Squawk Box on Monday.
One post Last week, Ruddy, Ruddy, Trump, said that he received a call from Trump and touched the company’s approaching IPO. “I shared with Potus, my new words:” A rising trump lifts all ships! “”
