Conservative media outlet Newsmax took center stage last week as CEO Christopher Ruddy rang the opening bell at the New York Stock Exchange, marking a major milestone for the news company.
In a feature last week, Britain’s Financial Times described Newsmax as a “credible” player with significant potential for growth and “one of the most interesting entrepreneurial bets of the Trump era.”
Newsmax reached an impressive market capitalization of nearly $30 billion during its opening week on the exchange, indicating strong investor interest.
Financial Times warned not to “discount the network’s influence in right-wing circles” or the “opportunity to build a meaningful business over time.”
Despite the general decline in viewership of traditional cable television, the Financial Times stated, “Billionaire founder Christopher Ruddy is simply…
