Latest news with #Ruddy
Daily Express
3 days ago
- Sport
- Daily Express
Pitas basic football clinic in the works
Published on: Wednesday, August 13, 2025 Published on: Wed, Aug 13, 2025 By: GL Oh Text Size: James (third left) with Ruddy (centre) and others after the meeting. Kota Kinabalu: The Ex-State Footballers Association (The Ex-State) is planning to organise a basic football skills clinic in Pitas in the very near future. Its president Datuk James Wong disclosed this after paying a visit to Assistant Minister of Science, Technology and Innovation Datuk Ruddy Awah, who is also the State representative for Pitas as well as Sabah Football Association vice president at his office recently. He said Ruddy was impressed with their recent clinics held in Ranau, which attracted more than 100 students aged 13-15, and hoped they could hold one in Pitas and at the same time arranged for a friendly match with the local team. 'I assured him that we are more than happy to organise a clinic in Pitas as one of our objectives is to complement Sabah FA on the development of football in the State. 'Our clinic first started back in April at SMK Gunsanad II in Keningau followed by another one at SMK Sook before the latest at SMK Lohan in Ranau last month has received very encouraging response. 'All the attendees were given valuable lessons by our experienced players in the likes of Yap Wai Loon, Harun Laban, Suharmin Yusof and others,' added James. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Yahoo
25-06-2025
- Business
- Yahoo
Fireside with Newsmax Founder & CEO, Christopher Ruddy
IPO Edge hosted a fireside chat with Newsmax, Inc. (NYSE: NMAX) on June 24 to discuss the company's current growth and strategy, Newsmax raise and Reg A+ IPO, among other topics. The event featured Christopher Ruddy, founder and Chief Executive Officer, moderated by IPO Edge Editor-in-Chief John Jannarone and in a video session that lasted approximately 45 minutes. Watch REPLAY: or watch the replay video below: Mr. Ruddy discussed: What differentiates Newsmax from other media companies The company's growth and position as the fourth highest-rated cable news channel in the country Newsmax recent raise and Reg A+ IPO The company's strategy and evolution in the years to come International markets and distribution agreements About Newsmax Newsmax Inc. is a holding company that owns 100% of the equity interests of its operating company Newsmax Media, Inc. Newsmax Media, Inc., the parent company of Newsmax Broadcasting LLC, offers Americans independent news. Since its founding in 1998 by award-winning journalist Christopher Ruddy, Newsmax has become a go-to place for Americans seeking real news, insightful perspective and honest opinion. Newsmax operates the Newsmax channel, now the fourth highest-rated cable news channel, according to Nielsen, and is available on all major cable systems and OTT platforms. Newsmax's media properties reach more than 40 million Americans regularly through the Newsmax channel, its free streaming channel Newsmax2, the Newsmax App and its streaming service Newsmax+, its website and publications like Newsmax Magazine. Forbes has called Newsmax 'a news powerhouse' and the New York Times has said it is a 'potent force' in U.S. news. Through its media outlets Newsmax champions a free press, one that provides Americans with balanced coverage, diverse viewpoints, and open debates on the issues affecting their lives. Newsmax Inc., based in Boca Raton, Fla., with offices in Washington, D.C. and New York City, is headed by its CEO Christopher Ruddy. Website link: About Christopher Ruddy, Founder & CEO Mr. Ruddy founded Newsmax in 1998 and is a former journalist at the New York Post and Pittsburgh Tribune-Review. He also served as Media Fellow at the Hoover Institution and is among the top 10 people to know in TV News according to Multichannel News' 'News Titans.' Mr. Ruddy has also been named among Cablefax's Top 100 Power Players. For more information click here. Contact: Editor@ Twitter: @IPOEdge Instagram: @IPOEdge
New York Post
18-06-2025
- Business
- New York Post
How EchoStar boss managed to get key sit-down with Trump – and stave off likely demise
EchoStar chief Charlie Ergen can thank Newsmax boss Chris Ruddy for his meeting with President Trump – and maybe keeping the Dish Network's parent company out of bankruptcy, On The Money has learned. The pow-wow, reported by Bloomberg last week, provided a lifeline to Ergen's struggling telecom provider by forestalling the Federal Communications Commission from seizing the company's spectrum amid a wide-ranging investigation. Telecom executives have been scratching their heads about why Trump would entertain Ergen, a controversial figure in telecom circles known to spread around campaign contributions mainly to Democrats. Advertisement 4 Charlie Ergen met with President Trump to try to prevent hisEchoStar from filing for bankruptcy. REUTERS What hasn't been reported is that Ruddy played an instrumental role in setting up the Trump confab that as of now appears to have delayed or ended any significant FCC action, sources told On The Money. The president agreed to meet with Ergen after Ruddy assured Trump that Ergen has never scuttled conservative programming on his Dish satellite service, according to people close to the matter. Advertisement Ruddy also argued to Trump that Ergen has made donations to prominent Republicans over the years, the sources added. Reached by phone, Ruddy declined to comment but confirmed his involvement in the matter. A White House spokesman had no comment. A press official for Ergen didn't return a request for comment. 4 Newsmax CEO Chris Ruddy played an instrumental role in setting up the Trump confab, sources said. Getty Images Advertisement Ruddy and Ergen have been close for years, since Ergen's Dish satellite network began running Newsmax programming in its formative years. The former New York Post reporter founded the conservative media outlet in 1998 as a magazine. In recent years, it evolved into a significant presence in providing digital news and right-leaning television programming. Newmax recently completed an initial public offering at $10 a share before its stock soared to as high as $223. It has settled back down to around $13. In recent weeks, Ergen had tried to meet with Carr but to no avail, until Ruddy's involvement, people with knowledge of the matter said. Advertisement 4 Ruddy and Ergen have been close for years, since Ergen's Dish satellite network began running Newsmax programming in its formative years. Christopher Sadowski The Ruddy-arranged sit-down reportedly led to a separate meeting with Brendan Carr, Trump's FCC chair. Carr didn't respond to a request for comment. EchoStar shares have surged nearly 50% since the meetings between the White House and Ergen. Last month, the agency began an investigation into whether Ergen has been doing enough to build out a significant wireless network and meet deadlines to become a competitor to companies like Verizon and AT&T. 4 The Ruddy-arranged sit-down reportedly led to a separate meeting with Brendan Carr, Trump's FCC chair.. via REUTERS Charlie Gasparino has his finger on the pulse of where business, politics and finance meet Sign up to receive On The Money by Charlie Gasparino in your inbox every Thursday. Thanks for signing up! Enter your email address Please provide a valid email address. By clicking above you agree to the Terms of Use and Privacy Policy. Never miss a story. Check out more newsletters The FCC could seize those licenses if it finds that Ergen hasn't taken the necessary steps to use them to build out its network. Advertisement If the FCC seized Ergen's spectrum it would likely lead to a bankruptcy for Echostar. According to published reports, EchoStar had considered a Chapter 11 bankruptcy filing amid the uncertainty of the FCC probe.
USA Today
02-06-2025
- 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
Miami Herald
16-05-2025
- Business
- Miami Herald
Newsmax Announces First Quarter 2025 Financial Results
Company Reports Revenues of $45.3 million, an 11.6% Increase Year-Over-Year, In First Earnings Report as a Public Company Newsmax Remains the 4th Highest-Rated Cable News Channel With Over 33 Million Quarterly Viewers BOCA RATON, FL / ACCESS Newswire / May 15, 2025 / Newsmax Inc. (NYSE:NMAX) ("Newsmax" or the "Company") today announced its financial results for the first quarter ended March 31, 2025. Management Commentary "We are thrilled to share our first earnings results as a publicly traded company since we listed on the New York Stock Exchange in March," commented Christopher Ruddy, CEO of Newsmax Inc. "This milestone marks the beginning of an exciting new chapter for us as a public company. I want to sincerely thank everyone who participated in both our private raise and IPO - your support made this achievement possible." Ruddy continued, "Newsmax has grown into the fourth highest-rated cable news channel reaching 60 million homes through our main Newsmax channel, our free streaming channel Newsmax2, the Newsmax App and its streaming service Newsmax+, our website and our publications such as Newsmax Magazine. Newsmax now reaches 20 million combined social media followers through our various accounts, with the best per-follower engagement rate in TV news. Our growth is due in part to our continued mission of providing those Americans with balanced coverage, diverse viewpoints and open debates on the issues they care about." "So far in 2025, we are proud to report impressive financial performance, driven by the strength of our brand, audience engagement and our ongoing commitment to independent, values-driven journalism. Our strong relationships with distributors and advertisers, such as our recently announced multi-year agreement with Hulu + Live TV, our broadcasting agreement with the Dominican Republic's Supercanal and our distribution agreements with Cellcom Israel and Telecom Armenia, not only reinforce our position in key international markets but also ensure that our content reaches broader audiences across platforms." "Looking ahead to the rest of 2025, we are well-positioned to continue growing our viewership, securing transformative distribution agreements, expanding our extensive content offerings and bringing onboard quality talent to deliver trusted news to the American people." First Quarter 2025 Business and Operational Highlights The first quarter 2025 Nielsen report ranked Newsmax highly across a number of metrics:Newsmax hit a recent record 33.6 million viewers watching the network in the first quarter of 2025, up 50% from the same period last was the fifth highest-rated network in all of cable TV for total remained the fourth highest-rated cable news channel in the U.S., ranking second in engagement (length-of-tune) for all dayparts ages also broke records in Q1 2025, and for all of 2024, becoming No. 1 for all U.S. news networks (broadcast and cable) for per-follower social interaction rate on Facebook, X and signed a multi-year extension with veteran news anchor and broadcaster Greta Van Susteren to host "The Record with Greta Van Susteren." First Quarter 2025 Financial Highlights Newsmax reported total quarterly revenues of $45.3 million for the three-month period ended March 31, 2025, representing an 11.6% year-over-year Revenues increased 13.5% year-over-year to $28.9 million driven by higher linear cable and satellite advertising due to higher Nielsen ratings which translated to higher Revenues increased 12.5% year-over-year to $7.4 million driven by new contractual relationships as well as rate increases that went into effect in Revenues increased 10.2% year-over-year to $7.0 million driven by an increase in Newsmax + Sales Revenues increased 9.1% year-over-year to $1.6 million driven by the new book releases of its Humanix subsidiary, including titles "Pay Zero Taxes", "Turnaround" and "Plan Red", offset slightly by lower nutraceutical reported a quarterly Net Loss of $(17.2) million as compared to a Net Loss of $(50.7) million reported in the prior year quarter. While operating expenses increased this quarter, including regulatory, compliance and reporting costs associated with public company requirements, there were significant legal and settlement expenses in the prior year quarter related to the Smartmatic legal Adjusted EBITDA was $(1.2) million, a decrease of $4.4 million, or 136.5%, from the amount reported in the prior year quarter, primarily due to an increase in cost of revenues and general and administrative costs associated with the continued expansion of the business, costs associated with becoming a public company and costs associated with coverage of the inauguration of President Donald J. Trump on January 20, Company ended the quarter with $126.7 million in Cash and Cash Equivalents, an increase of 426.8% from $24.1 million in December 31, 2024. "We are pleased to report strong quarterly results, highlighted by increased viewer engagement across both linear and digital platforms, growth in advertising partnerships and the successful launch of new programming," commented Darryle Burnham, Chief Financial Officer. "With enhanced access to capital from our pre-IPO and IPO raises, we are well-positioned to sustain our momentum. As we execute on our financial and strategic priorities, we remain focused on delivering long-term value to our shareholders." 1 The Company compensates for limitations of the adjusted EBITDA measure by prominently disclosing GAAP net income (loss), which the Company believes is the most directly comparable GAAP measure, and providing investors with a reconciliation from GAAP net income (loss) to adjusted EBITDA on page 12. About Newsmax Newsmax Inc. is listed on the NYSE (NMAX) and operates, through Newsmax Broadcasting LLC, one of the nation's leading news outlets, the Newsmax channel. The fourth highest-rated network is carried on all major cable and satellite systems. Newsmax's media properties reach more than 40 million Americans regularly through Newsmax TV, the Newsmax App, its popular website and publications such as Newsmax Magazine. Through its social media accounts, Newsmax reaches 20 million combined followers. Reuters Institute says Newsmax is one of the top U.S. news brands and Forbes has called Newsmax "a news powerhouse." For more information, please visit Investor Relations | Newsmax Media, Inc. Investor Contacts Newsmax Investor Relationsir@ 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. The Company 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 beyond management's control, including but not limited to changes in domestic and global general economic and macro-economic conditions and the volatility of the price of Common Stock that may result from, among other things, comments by securities analysts or other third parties, including blogs, articles, message boards and social and other media, large shareholders exiting their position in our Common Stock, any negative public perception of us, sales of shares by Yorkville or other shares we previously registered for resale and/or uncertainties and factors set forth in the sections entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the twelve months ended December 31, 2024, the Company's Quarterly Report on Form 10-Q for the three months ended March 31, 2025, and other filings the Company 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. USE AND DEFINITION OF NON-GAAP FINANCIAL MEASURES This press release contains a financial measure that has not been prepared in accordance with United States Generally Accepted Accounting Principles ("U.S. GAAP"). This financial measure is Adjusted EBITDA. Non-GAAP financial measures are used to supplement the financial information presented on a U.S. GAAP basis and should not be considered in isolation or as a substitute for the relevant U.S. GAAP measures and should be read in conjunction with information presented on a U.S. GAAP basis. Because not all companies use identical calculations, our presentation of Non-GAAP measures may not be comparable to other similarly titled measures of other companies. Adjusted EBITDA1 is defined as revenues less cost of revenues and general and administrative expenses and does not include depreciation and amortization, interest expense, net, impairment charges, unrealized gains (losses) on marketable securities, other corporate matters (consisting primarily of certain litigation expenses, and related fees, for specific legal proceedings that the Company has determined are infrequent and unusual in terms of their magnitude), other, net, and income tax expense. NEWSMAX INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS(Unaudited) (1) On March 28, 2025, the Company announced a 6,765.396 for 1 stock split, effective March 31, 2025. This stock split is reflected retroactively in all periods presented for the common shares issued and outstanding. NEWSMAX INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS ANDCOMPREHENSIVE INCOME (LOSS)(Unaudited) (1) On March 28, 2025, the Company announced a 6,765.396 for 1 stock split, effective March 31, 2025. This stock split is reflected retroactively in all periods presented for the common shares issued and outstanding. NEWSMAX INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(Unaudited) NEWSMAX INC. AND SUBSIDIARIESADJUSTED EBITDA RECONCILIATION(Unaudited) SOURCE: Newsmax Inc.
