The Palm Beach Post profiles Newsmax in an Oct. 6 article. One of the interesting tidbits is that it confirms what we had heard but weren’t able to document — that Christopher Ruddy and Richard Mellon Scaife have bought out all other investors and are now the sole owners, with Ruddy as majority owner. (We were the first to report the details of Scaife’s involvement in Newsmax back in 2002.)
Ruddy states that Newsmax and related ventures will produce about $25 million in revenue this year. Ruddy is also rather hyperbolically quoted as calling Newsmax “the Fox News of online.”