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Conservative News Outlet Newsmax Inc. Sees Shares Hike Over 500% in Debut
Newsmax, the conservative news outlet, saw its shares hike over 500% in early trading on its first day on the New York Stock Exchange
Enthusiasm for the stock may be an indicator of the fortunes of conservative media outlets while the Trump administration creates a series of onerous conditions for mainstream news operations. He also said Newsmax could thrive on cable even as subscribers migrate to other platforms, thanks to continued interest in live sports and news offerings. “I think we have some great personalities” including Greta van Susteren, Greg Kelly and Rob Schmitt, Ruddy said, and a significant “moderate liberal audience.” He suggested more people would continue to appear on Newsmax programs to reach its viewership.
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