Donald Trump-Aligned Cable TV Network Newsmax Skyrockets In IPO; Shares Up More Than 700%
In February, Newsmax said it had completed a private preferred offering raising $225 million. Itsettled with Smartmaticearlier this month, paying $40 million to resolve defamation claims. I think there was a demand for more competition against Fox, Ruddy told CNBC on Monday. NewsmaxPatrick T. Fallon/AFP via Getty Images He founded Newsmax as a digital outlet. 4 in viewership behind Fox, CNN and MSNBC, according to Nielsen.