March 31, 2025 | By FlashpointNews Team
The conservative cable news channel Newsmax made a remarkable debut on the New York Stock Exchange (NYSE), experiencing an astonishing 500% surge in its stock price on its first day of trading. The network, which has gained prominence in recent years, especially with the rise of President Donald Trump and other conservative politicians, is now positioning itself as a major competitor in the cable news industry.
Newsmax’s Market Debut
Newsmax officially began trading on Monday morning under the ticker symbol “NMAX.” The initial public offering (IPO) was priced at $10 per share, but the stock quickly skyrocketed to $14 per share upon opening and continued to climb dramatically, reaching a 500% increase by midday.
The company successfully raised $75 million through the sale of 7.5 million shares of Class B common stock, signaling strong investor confidence in the network’s future growth and influence.
A Rare TV Network IPO in the Streaming Era
Newsmax’s IPO is a unique event in the U.S. stock market, as pure-play television network IPOs have become increasingly rare. Traditional cable TV has struggled in recent years, with audiences shifting toward streaming services. However, live news and sports broadcasting remain key drivers of cable viewership and ad revenue, and Newsmax has successfully capitalized on this demand.
A Growing Conservative Alternative
Newsmax has carved out a significant niche in the right-wing media space, positioning itself as an alternative to Fox News. According to its founder and CEO, Christopher Ruddy, there was a clear demand for more conservative-leaning news outlets beyond Fox News.
“I think there was a demand for more competition against Fox,” Ruddy said in an interview with CNBC’s Squawk Box on Monday.
Since its founding in 1998 as a digital news platform, Newsmax has grown rapidly, launching its cable TV channel in 2014. Today, the network is available on most major pay-TV providers, and its audience has steadily increased, particularly following Trump’s presidency.
Newsmax’s Audience Growth & Industry Standing
Despite being a newer player in the industry, Newsmax has become the fourth most-watched cable news network in the U.S., behind only Fox News, MSNBC, and CNN, according to Nielsen ratings.
- Ranks in the top 20 among all cable networks for average viewership during both prime time and daytime.
- Expanded audience reach through major pay-TV providers.
- Secured licensing fees from cable companies, moving away from an ad-based revenue model.
Ruddy emphasized the network’s rapid ascent:
“I think it’s a pretty big achievement for a 10-year-old, new cable company.”
Newsmax’s Political Leanings & Future Outlook
Newsmax has been known for its pro-Trump stance, though Ruddy insists the network maintains an independent news mission and holds all political figures accountable.
“We believe we’re conservative with an independent news mission, and ask tough questions of the Trump administration.”
However, the network has faced controversies, including a $40 million settlement with Smartmatic in 2024 over false claims about the 2020 election.
With its successful public debut, strong audience growth, and increasing influence in the media landscape, Newsmax appears poised for continued expansion. Ruddy’s optimism was clear in his social media post, where he mentioned a phone call from Donald Trump and stated:
“A rising Trump lifts all boats!”
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