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USA Today
a day ago
- Business
- USA Today
Newsmax to Join Russell 2000 and Russell 3000 Indexes
Newsmax Inc. (NYSE:NMAX) ('Newsmax' or the 'Company') today announced that the Company expects to list on the U.S. small-cap Russell 2000® Index, effective after the U.S. market opens on June 30, 2025, as part of the 2025 Russell indexes reconstitution. Membership in the Russell 3000® Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000® Index or small-cap Russell 2000® Index as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes. 'The past year has been transformational for Newsmax, and we are pleased to see our shares will soon be added to the Russell 2000® Index, one of the market's leading performance benchmarks in North America,' said Chris Ruddy, CEO of Newsmax. Newsmax, a television and digital media company offering Americans independent news, went public on the NYSE in March. Since then, Newsmax has made several major announcements, including expanded cable / pay TV distribution on Hulu+, putting Newsmax into top-tier penetration of around 60 million U.S. homes. 'We feel this addition of Newsmax on the Russell Index will help raise awareness and ownership of Newsmax within the institutional investment community,' continued Ruddy. Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $10.6 trillion in assets are benchmarked against Russell's US indexes. Russell indexes are also part of FTSE Russell, a leading global index provider. About Newsmax Newsmax Media, Inc. operates Newsmax, the nation's fourth highest-rated cable news network, according to Nielsen. Newsmax is carried on all major cable, satellite systems, and virtual pay TV operators. Newsmax reaches more than 40 million Americans regularly through Newsmax TV, the Newsmax+ App, its popular website and publications like Newsmax Magazine. Reuters Institute says Newsmax is one of the top 12 U.S. news brands and Forbes has called us 'a news powerhouse.' For more information, please visit Investor Relations | Newsmax Media, Inc. About FTSE Russell, an LSEG Business FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally. FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $18.1 trillion is benchmarked to FTSE Russell indexes. Leading asset owners, asset managers, ETF providers and investment banks choose FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives. A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering. FTSE Russell is wholly owned by London Stock Exchange Group. For more information, visit FTSE Russell. Forward-Looking Statements This communication contains forward-looking statements. From time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Forward-looking statements can be identified by those that are not historical in nature. The forward-looking statements discussed in this communication and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties and assumptions about us. Newsmax does not guarantee future results, performance or achievements. Moreover, neither we nor any other person assumes responsibility for the accuracy or completeness of any of these forward-looking statements. Forward-looking statements should not be relied upon as predictions of future events. We are under no duty to update any of these forward-looking statements after the date of this communication to conform our prior statements to actual results or revised expectations, and we do not intend to do so. Factors that may cause actual results to differ materially from current expectations include various factors, including but not limited to any changes in indications we have received from FTSE Russell regarding inclusion in certain indexes, our ability to change the direction of Newsmax, our ability to keep pace with new technology and changing market needs, the competitive environment of our business changes in domestic and global general economic and macro-economic conditions and/or uncertainties and factors set forth in the sections entitled 'Risk Factors' in Newsmax's Annual Report on Form 10-K for the twelve months ended December 31, 2024, Newsmax's Quarterly Report on Form 10-Q for the three months ended March 31, 2025, and other filings Newsmax makes with the Securities and Exchange Commission. Nothing in this communication should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. Undue reliance should not be placed on forward-looking statements in this communication, which speak only as of the date they are made and are qualified in their entirety by reference to the cautionary statements herein. Investor Contacts Newsmax Investor Relations ir@ SOURCE: Newsmax Inc. View the original press release on ACCESS Newswire
Associated Press
a day ago
- Business
- Associated Press
Newsmax to Join Russell 2000 and Russell 3000 Indexes
BOCA RATON, FL / ACCESS Newswire / June 2, 2025 / Newsmax Inc. (NYSE:NMAX) ('Newsmax' or the 'Company') today announced that the Company expects to list on the U.S. small-cap Russell 2000® Index, effective after the U.S. market opens on June 30, 2025, as part of the 2025 Russell indexes reconstitution. Membership in the Russell 3000® Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000® Index or small-cap Russell 2000® Index as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes. 'The past year has been transformational for Newsmax, and we are pleased to see our shares will soon be added to the Russell 2000® Index, one of the market's leading performance benchmarks in North America,' said Chris Ruddy, CEO of Newsmax. Newsmax, a television and digital media company offering Americans independent news, went public on the NYSE in March. Since then, Newsmax has made several major announcements, including expanded cable / pay TV distribution on Hulu+, putting Newsmax into top-tier penetration of around 60 million U.S. homes. 'We feel this addition of Newsmax on the Russell Index will help raise awareness and ownership of Newsmax within the institutional investment community,' continued Ruddy. Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $10.6 trillion in assets are benchmarked against Russell's US indexes. Russell indexes are also part of FTSE Russell, a leading global index provider. About Newsmax Newsmax Media, Inc. operates Newsmax, the nation's fourth highest-rated cable news network, according to Nielsen. Newsmax is carried on all major cable, satellite systems, and virtual pay TV operators. Newsmax reaches more than 40 million Americans regularly through Newsmax TV, the Newsmax+ App, its popular website and publications like Newsmax Magazine. Reuters Institute says Newsmax is one of the top 12 U.S. news brands and Forbes has called us 'a news powerhouse.' For more information, please visit Investor Relations | Newsmax Media, Inc. About FTSE Russell, an LSEG Business FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally. FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $18.1 trillion is benchmarked to FTSE Russell indexes. Leading asset owners, asset managers, ETF providers and investment banks choose FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives. A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering. FTSE Russell is wholly owned by London Stock Exchange Group. For more information, visit FTSE Russell. Forward-Looking Statements This communication contains forward-looking statements. From time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Forward-looking statements can be identified by those that are not historical in nature. The forward-looking statements discussed in this communication and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties and assumptions about us. Newsmax does not guarantee future results, performance or achievements. Moreover, neither we nor any other person assumes responsibility for the accuracy or completeness of any of these forward-looking statements. Forward-looking statements should not be relied upon as predictions of future events. We are under no duty to update any of these forward-looking statements after the date of this communication to conform our prior statements to actual results or revised expectations, and we do not intend to do so. Factors that may cause actual results to differ materially from current expectations include various factors, including but not limited to any changes in indications we have received from FTSE Russell regarding inclusion in certain indexes, our ability to change the direction of Newsmax, our ability to keep pace with new technology and changing market needs, the competitive environment of our business changes in domestic and global general economic and macro-economic conditions and/or uncertainties and factors set forth in the sections entitled 'Risk Factors' in Newsmax's Annual Report on Form 10-K for the twelve months ended December 31, 2024, Newsmax's Quarterly Report on Form 10-Q for the three months ended March 31, 2025, and other filings Newsmax makes with the Securities and Exchange Commission. Nothing in this communication should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. Undue reliance should not be placed on forward-looking statements in this communication, which speak only as of the date they are made and are qualified in their entirety by reference to the cautionary statements herein. Investor Contacts Newsmax Investor Relations [email protected] SOURCE: Newsmax Inc. press release
Yahoo
05-05-2025
- Business
- Yahoo
Newsmax CEO shares his secrets to success as Trump's favourite US channel sees its stock soar
Newsmax, named as one of the US' top 12 news brands by Reuters Institute and a leading supplier of Conservative news, saw its share prices soar over 2000% in April after going public on the New York Stock Exchange on 31 March 2025. Self declared as US President's 'favourite US channel', Newsmax first began in 1998 as a digital media company, with the cable news organisation only launching in 2014. In this episode of The Big Question, co-founder and CEO of Newsmax Chris Ruddy joined Angela Barnes to discuss the secret behind their success. US President Donald Trump and Newsmax's CEO have been friends for over 30 years, Chris Ruddy told The Big Question. Despite spending lots of time together discussing friends, health and golf, Chris noted that Newsmax still has 'criticisms of President Trump.' 'There are a lot of people, both left and right in America, that don't like the tariff policy. They're on Newsmax all the time,' he added. And though Donald Trump may be a divisive character, many media outlets have seen a rise in viewers and readers thanks to Trump-based content. 'The best advice is to have Donald Trump on more. He likes to see himself on Newsmax, but, you know, we have him on quite a bit and we certainly discuss him,' Chris explained. 'Nielsen reported we had 34 million viewers tune in last quarter, up 50% from the previous year.' Chris thinks their success is partly down to the fact they are providing a Christian-Conservative focused news. And whether you agree with the angle of their content or not, the performance on the New York Stock Exchange was remarkable and does show investor support for the company. 'People are voting with their remote controls, with their downloads, with their apps, and they're saying they want alternative media here in the United States.' Related 'You cannot live without space in 20 years': What does the future of Europe's economy look like? The Big Question: What will it mean for Europe if Trump's tariffs resume? Despite being a relatively new channel, Newsmax has grown in popularity to become one of the top 5 most popular cable news channels in the US and available in over 100 countries. In September 2024, Newsmax launched an AI-dubbed, Spanish-language channel available in Dominican Republic and Latin America. As well as this, they also resumed broadcasting of their Newsmax Balkans channel, based in Serbia, following a break since 2022. 'Maybe we can do that someday in Germany, for instance, or Italy, which would be fun, and give them access to American news,' Chris added. The Big Question is a series from Euronews Business where we sit down with industry leaders and experts to discuss some of the most important topics on today's agenda. Watch the video above to see the full discussion with the Newsmax founder & CEO, Chris Ruddy.
Yahoo
03-04-2025
- Business
- Yahoo
Newsmax Stock Bounces in Thursday Trading
Newsmax (NMAX) shares bounced Thursday, turning positive after first extending their retreat from post-IPO highs. The self-described conservative media company went public Monday, kicking off a whirlwind week of trading. The shares recently traded up about 9% off Wednesday's close at around $57, climbing recently off morning lows that saw them in the red at around $40. Despite falling steeply from Tuesday highs around $265, the stock is still substantially higher than its IPO price, $10, and the $14 at which it began trading on Monday. Today's action follows an event at the New York Stock Exhange in which CEO Chris Ruddy rang the opening bell. Read the original article on Investopedia Sign in to access your portfolio
Yahoo
02-04-2025
- Business
- Yahoo
Newsmax follows Trump Media in sparking meme stock frenzy
Newsmax stock has surged over 2,000% since its IPO, making its CEO a billionaire. Strong retail investor interest has made Newsmax more valuable than Trump Media and Fox Corp. Newsmax posted $72.2 million in losses in 2024, up from 2023 losses. Another right-wing media company that loses money has exploded in value after going public. Cable news outlet Newsmax posted staggering gains since its IPO debut on Monday, drawing comparisons to Trump Media & Technology Group. Both companies have high valuations despite losing money. Newsmax shares closed 179% higher on Tuesday at $233 apiece, representing a more than 2,000% increase from their $10 debut on Monday. The surge has made Chris Ruddy, Newsmax's founder and CEO, a paper billionaire. However, the shares were down about 25% in premarket trading on Wednesday. Newsmax's stock surge sent its market capitalization to nearly $30 billion — meaning the company is now more valuable than many of its media peers, including Trump Media and even Fox Corp. Retail investors have rushed into Newsmax on tailwinds of President Donald Trump's return to the White House. Newsmax sold 7.5 million shares in its IPO and the company quickly reached meme stock status. About 11 million shares changed hands on Tuesday. "There's not a lot of stock to trade in the market relative to the market cap, so it can be pushed around," Paul Hickey, the cofounder of Bespoke Investment Group, told Business Insider's Matthew Fox. Despite the strong interest in Newsmax shares, the company has been in the red. It posted widening losses of $72.2 million in 2024, compared to a loss of $41.8 million in 2023. Annual revenue grew from $135.3 million in 2023 to $171 million in 2024. Trump Media, meanwhile, lost $400.9 million in 2024, compared with a loss of $58.2 million in 2023. Newsmax's stunning debut echoes Trump Media's debut on Nasdaq in March 2024, when the stock surged as much as 59% on its first day of trade. Trump Media had merged with Digital World Acquisition Corp, a special-purpose acquisition company, to go public. Shares of the SPAC closed at $49.95 apiece before it started trading as Trump Media. Since then, Trump Media's stock has been on a wild ride, hitting a high of $79.38 on March 26, 2024 — its first day of trade — and a low of $11.75 per share on September 24. Trump Media shares closed 3.7% higher at $20.26 apiece on Tuesday. They are down 40.6% so far this year. Read the original article on Business Insider Sign in to access your portfolio
