Newsmax Media

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Newsmax Media
Type Media
Founded September 16, 1998 (1998-09-16)
Founders Christopher Ruddy, CEO
Headquarters West Palm Beach, Florida, USA
Key people Ken Chandler, Editor-in-Chief for Newsmax magazine
Website newsmax.com

Newsmax Media, commonly called Newsmax, is a conservative[1] American news media organization founded by Christopher Ruddy and based in West Palm Beach, Florida. It operates the news website Newsmax.com, publishes the Franklin Prosperity Report and Newsmax magazine, and runs a conservative cable news channel Newsmax TV.

History

Ruddy started Newsmax.com on September 16, 1998, supported by a group of investors, including the family of the late Central Intelligence Agency Director William J. Casey. Later, Richard Mellon Scaife, Ruddy's former employer at the Pittsburgh Tribune-Review invested in the fledgling company.[2] One of the initial board members was author James Dale Davidson who edited a financial newsletter. Davidson's co-editor, Lord Rees-Mogg, former editor of The Times and Vice Chair of the BBC, later became chairman of Newsmax.[3]

Other news figures who later joined the Newsmax board included Arnaud de Borchgrave, the longtime Newsweek chief correspondent who also serves as editor-at-large of United Press International (UPI) and Jeff Cunningham, former publisher of Forbes. Admiral Thomas Moorer, the former Chairman of the Joint Chiefs of Staff and Chief of Naval Operations during the Vietnam War, also served as one of the company's founding board members. Former United States Secretary of State and Nixon and Ford administration Chief of Staff, General Alexander M. Haig, Jr. served as special adviser to NewsMax.[4]

Ruddy aimed at creating an Internet news company by building a team of reporters. In August 2001, talk radio host Michael Reagan merged his monthly newsletter The Reagan Monitor with Newsmax Magazine and began writing a regular column for the publication.[5]

In 2008, a profile in The Palm Beach Post on Newsmax and founder Ruddy indicated the company generated revenues of approximately $25 million per year, and, according to the company, has been profitable for the past five years. However, profiles of the website indicate an annual profit closer to $20 million.[6] In a 2009 Forbes.com interview, Internet expert Nathan Richardson was asked to identify the "smartest thing on the web" today. Richardson identified Newsmax, among several websites, citing its success "monetizing the web."[7]

In March 2009, Forbes ran a feature on Newsmax describing it as a "media empire" and the "great right hope" of the Republican Party. Forbes noted that after just a decade of operations it had become a "media powerhouse" and had surpassed such well-known sites as the Drudge Report in Web visitors. According to the magazine, Newsmax draws 3.8 million unique visitors monthly. Political analyst Dick Morris was quoted as saying that Newsmax had become the "most influential Republican-leaning media outlet" in the nation.[8]

In a January 2010 profile on the company, the Financial Times reported that the "Rise of Newsmax Defies the Media Trend" and said its website, Newsmax.com, is "one of the strongest conservative voices online". The paper said Newsmax had witnessed 40 percent growth rates per annum over the past decade and closed 2009 with $35 million revenues, up from $24 million the year before.[9]

An April 2010 cover story for Talkers Magazine featured Newsmax as a model of future media companies called "Media Stations" that offer their audience audio, video, digital, and even print content.[10]

A 2010 New York Post story reported that the paper's long-time former editor, Kenneth Chandler, was tapped as Newsmax Magazine's editor-in-chief. CEO Ruddy also told the Post the company expected annual 2010 revenues to exceed $50 million.[11]

Starting in April 2013, Newsmax.com and its affiliated sites drew 14.4 million unique visitors, leading comScore's News/Politics category over such sites as The Huffington Post Politics, Fox News Politics, CNN Politics, NBCNews.com Politics, and Politico.com in monthly viewership for two consecutive months.[12]

In 2014, Newsmax announced they would be starting a new TV News Network, as an alternative to Fox News.[13] On their website Newsmax said they expected to have up to 21 hours of original programming a day by the end of the summer. They named the network Newsmax TV. It's available on DirecTV and also for free on their website.

Reach and influence

Nielsen Online said Newsmax was the most trafficked conservative website with approximately 4 million unique visitors monthly.[10] A 2010 study released by Nielsen reported that Newsmax.com was the number one site for conservatives in the U.S., making it one of the most influential conservative news sites in the nation.[1] Alexa Internet statistics for Newsmax.com indicate that the readership consists mainly of Internet users over the age of 45, which aligns itself to the average age of Republican leaning voters, as gathered by The Pew Research Center.[14][15]

A profile on Newsmax in The New York Times described the company as a "potent force" in U.S. politics and noted the company's headquarters had become a must stop for Republican candidates seeking the party's 2012 nomination.[16]

The company has increasingly attracted national and international leaders to its West Palm Beach, Florida headquarters. Former President Bill Clinton, who describes Newsmax's CEO Ruddy as a friend, made headlines when he visited Newsmax's offices during the summer of 2010.[17] When Sarah Palin stopped by the office for an interview, US News and World Report suggested the move was the clearest indication yet she was planning to run for President.[18] According to the magazine, Newsmax is a major player in GOP politics, as seen during the 2012 primaries.[18] Visitors have also included Rep. Michele Bachmann, Gov. Tim Pawlenty, Sen. John Thune, Gov. Haley Barbour, former Massachusetts Gov. Mitt Romney, former Florida Gov. Jeb Bush, and former Sen. Rick Santorum, among others.[18]

In 2009, Forbes magazine said regular readers included Newt Gingrich and John Templeton Jr.[8]

In addition to Newsmax.com, the company publishes Newsmax magazine, which the company describes as the nation’s "largest independent monthly with a conservative perspective." During 2011 the magazine’s ABC-audited circulation totaled approximately 215,000 paid subscribers, making it the largest conservative-leaning publication in the U.S., according to The New York Times.[19] In November 2005, Newsmax magazine earned a Silver Eddie award in the News/Commentary category of the Eddies, the journalism awards presented by Folio Magazine in New York City.[20]

MarketWatch.com's media critic Jon Friedman attributed Newsmax's business success to a focus on its bottom line as a business rather than pushing a political ideology.[21]

Notable stories

After the mysterious disappearance of Chandra Levy in 2001, Newsmax.com contributor John LeBoutillier allegedly posted a speculative column on the site about the sex life of Rep. Gary Condit, with whom Levy had an affair. The column quickly circulated among media members, even though Newsmax editors pulled it from the site.[22]

Contributors

Newsmax has a sizable stable of news correspondents and editorialists, including George Will, Kathleen Parker, Lanny Davis, and Alan Dershowitz. Newsmax regulars include Christopher W. Ruddy, David Limbaugh, Ben Stein, Steve Malzberg, Susan Estrich, Dr. Laura Schlessinger and Michael Reagan.[23]

Newsmax.com affiliate websites includes NewsmaxHealth,[24] NewsmaxWorld,[25] and Moneynews.[26]

Besides political commentaries, Newsmax publishes The Blaylock Wellness Report[27] in which Dr. Russell Blaylock provides information regarding choices in food, drugs, nutritional supplements and other health remedies, as well as views inconsistent with the scientific consensus, such as his attacks on vaccines, blood pressure medicine, and aluminum cookware.[28] Additional newsletter publications of Newsmax include The High Income Factor, Goldstock Adviser and Financial Intelligence Report,[29] as well as Dr. Brownstein's Natural Way to Health,[30] and the The Mind Health Report.[31]

Notes

  1. ^ a b Meyers, Jim.Nielsen: Newsmax #1 Conservative Site in the Nation, Newsmax.com, January 17, 2010.
  2. ^ Poe, pp. 171-172.
  3. ^ Poe, p. 100.
  4. ^ "General Alexander M. Haig, Jr. joins NewsMax.com advisory board", PR Newswire
  5. ^ ""Michael Reagan and Reagan Monitor Join Newsmax Magazine", Newsmax.com, August 14, 2001
  6. ^ Hoover Profile
  7. ^ Smilie, Dirk, "Nathan Richardson's Modest Proposal" Forbes.com article, February 3, 2009.
  8. ^ a b Smillie, Dirk."A Great Right Hope", Forbes.com, March 6, 2009.
  9. ^ Edgecliffe-Johnson, Andrew. "Rise of Newsmax Defies The Media Trend" Financial Times, January 10, 2009.
  10. ^ a b Santaniello, Beverly."The Rise of Newsmax" Talkers magazine, April 2010.
  11. ^ Kelly, Keith J."Newsweek Post Yet to be Filled" New York Post, November 4, 2010.
  12. ^ comScore.“Newsmax Reports #1 Online Reading Status”, Talkers.com, June 5, 2013.
  13. ^ "Newsmax To Launch Channel with DirecTV". Politico. 2014-05-29. Retrieved 2014-10-18. 
  14. ^ Trends in Political Values and Core Attitudes: 1987-2009
  15. ^ Site info, Newsmax.com
  16. ^ Peters, Jeremy W.A Compass for Conservative Politics,The New York Times,July 10, 2011.
  17. ^ Lambiet, Jose.Bill Clinton's Surprise Visit to Conservative Newsmax, Page 2 Live, August 16, 2010.
  18. ^ a b c Bedard, Paul.Sarah Palin Takes A Big Step Toward 2012 Run for President,US News and World Report, October 7, 2010.
  19. ^ Peters, Jeremy.A Compass for Conservative Politics, "The New York Times", July 10, 2011.
  20. ^ "2005 EDDIE WINNERS".
  21. ^ Friedman, Jon.Chris Ruddy: Conservatives'Great Online Ally, "Marketwatch.com", March 13, 2009.
  22. ^ Grove, Lloyd. "The Reliable Source". Washington Post, July 20, 2001, p. C3.
  23. ^ NewsMax Blogs, NewsMax.com, accessed April 4, 2010.
  24. ^ [1] NewsmaxHealth.com], accessed November 15, 2013.
  25. ^ [2] NewsmaxWorld.com], accessed November 15, 2013.
  26. ^ [3], MoneyNews.com, accessed November 15, 2013.
  27. ^ [4]
  28. ^ [5], NewsmaxHealth.com, accessed December 3, 2013.
  29. ^ [6], NewsMax.com, accessed May 3, 2012.
  30. ^ Dr. David Brownstein's Natural Way To Health, NewsMax.com, accessed April 4, 2010.
  31. ^ [7], Newsmax.com, accessed November 15, 2013.

External links