Summary:
At this point, most Americans will probably be familiar with the media company, Newsmax. Their political slant has garnered the company its fair share of criticism, but their growth in recent years has been undeniable.
Chris Ruddy is the CEO of Newsmax Media, which trades under the symbol NMAX. Chris began his career as a journalist at the New York Post and Pittsburgh Tribune-Review before founding Newsmax in 1998. Since then, it's grown into one of the nation's leading broadcasting and digital media companies.
Chris joins us today to talk about the public perception of NewsMax, the rationale behind their recent IPO and their plans to leverage their massive reach into future growth.
Highlights:
- Founding Newsmax (2:06)
- Product offerings and reach (3:14)
- Political leanings (5:23)
- Attracting younger viewers (8:14)
- IPO (9:59)
- Capital allocation (11:16)
- Avenues for growth (12:24)
- Podcasting (14:38)
- International expansion (15:52)
- AI (18:21)
- What do investors get wrong about Newsmax? (19:34)
Links:
Feedback:
If you have questions about the show, or have a topic in mind you'd like discussed in future episodes, email our producer, Joe@lowerstreet.co.
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