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Newsmax is making big waves in the media world as it goes public on the New York Stock Exchange. CEO Chris Ruddy says the company’s stock soared from $10 to over $50 on its first day, proving investors believe in its future. With a $1.2 billion market cap, Newsmax isn’t just competing with liberal networks—it’s beating them by offering honest, conservative-friendly news.
The network’s success comes from staying lean and focused. While CNN spends billions, Newsmax runs on just $200 million a year, showing how bloated legacy media has become. Ruddy calls out liberal outlets for pushing biased narratives, which he says drives viewers to Newsmax. “The liberal media keep me in business because they’re so bad,” he told supporters.
Newsmax now reaches 30% of Fox News’ audience through its cable channel and streaming service. Last year, it broke records with 22.6 million July viewers, up 68% from 2023. Its streaming platform, Newsmax2, hits 15 million regular users, proving cord-cutters still want reliable news. Families love Newsmax+ for its clean, patriotic content—a direct challenge to Netflix.
Ruddy started Newsmax in 1998 with a $25,000 investment, defying critics who said he’d never crack cable TV. Today, it’s the fourth most-watched cable news channel, ahead of MSNBC and closing in on CNN. The network’s mix of hard news and conservative commentary attracts Republicans, Democrats, and independents tired of partisan shouting matches.
Unlike coastal elites, Newsmax speaks to heartland values. Its audience includes cops, veterans, and working families who feel ignored by mainstream media. Ruddy credits their loyalty for the company’s 300% revenue growth over five years. “People don’t want lectures—they want facts,” he said during the IPO celebration.
Newsmax’s rise mirrors America’s shift away from woke corporate media. While rivals push agendas, Ruddy’s team delivers breaking news without spin. Recent polls rank Newsmax as a top-trusted brand, beating out left-leaning outlets. This trust helped it raise $75 million in its public offering, with small investors flocking to support a pro-freedom voice.
The future looks bright as Newsmax expands into podcasts, magazines, and live events. Ruddy vows to keep costs low while growing viewership. With plans to dethrone CNN in ratings, he’s betting on common-sense Americans to keep “voting with their remotes” for fair reporting.
Conservatives see Newsmax as proof that truth still wins. As Ruddy rings the NYSE bell, his message is clear: mainstream media’s decline is irreversible, but Newsmax is just getting started. For patriots tired of fake news, this is their network—and Wall Street agrees.
