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{{Infobox company |
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| name = Newsmax Media |
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| type = Media |
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| foundation = {{Start date|1998|09|16}} |
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| founder = Christopher Ruddy, CEO |
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| key_people = Ken Chandler, Editor in Chief, Newsmax magazine |
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| homepage = {{URL|http://www.newsmax.com/|newsmax.com}} |
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'''Newsmax Media''' is a ] ] news media organization founded by ] and based in ], ]. It operates the news ] Newsmax.com, publishes ''Newsmax Magazine'', as well as a host of health and financial newsletters.<ref></ref> |
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==History== |
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Christopher W. Ruddy started Newsmax.com on September 16, 1998, supported by a group of politically ] investors, including the family of the late ] Director ]. Later, ], Ruddy's former employer at the '']'' and a supporter of conservative causes, invested in the fledging company.<ref>Poe, pp. 171-172.</ref> One of the initial board members was author ] who edited a financial newsletter, Davidson's co-editor, ], former editor of '']'' and ], later became chairman of Newsmax Media.<ref>Poe, p. 100.</ref> |
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Other news figures who later joined the Newsmax board included ], the longtime Newsweek chief correspondent who also serves as editor at large of ] and Jeff Cunningham, former publisher of '']''. The late Admiral ], the former chairman of the ] and ] during the ], also served as one of the company's founding board members. Former ] and ] ] ] Jr. served as special adviser to NewsMax.<ref>, PR Newswire</ref> |
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Ruddy aimed at creating an Internet news company by building a team of reporters. In August 2001, talk radio host ] merged his monthly newsletter ''The Reagan Monitor'' with ''Newsmax Magazine'' and began writing a regular column for the publication.<ref name="Reagan">", Newsmax.com, August 14, 2001</ref> |
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In 2008, a profile in '']'' on Newsmax and founder Ruddy indicated the company generated revenues of approximately $25 million per year, and, according to the company, has been profitable for the past five years. However, profiles of the website indicate an annual profit closer to $20 million.<ref></ref> In a 2009 Forbes.com interview, Internet guru Nathan Richardson was asked to identify the "smartest thing on the web" today. Richardson identified Newsmax, among several websites, citing its success "monetizing the web."<ref>Smilie, Dirk, Forbes.com article, February 3, 2009.</ref> |
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In March 2009, ''Forbes'' ran a feature on Newsmax describing it as a "media empire" and the "great right hope" of the ]. ''Forbes'' noted that after just a decade of operations it had become a "media powerhouse" - and had surpassed such well known websites as the ] in web visitors. According to the magazine, Newsmax draws 3.8 million unique visitors monthly. Political analyst ] was quoted as saying that Newsmax had become the "most influential Republican-leaning media outlet" in the nation.<ref name="forbes.com">Smillie, Dirk., Forbes.com, March 6, 2009.</ref> |
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In a January 2010 profile on the company, the '']'' reported that the "Rise of Newsmax Defies the Media Trend" and said its website, Newsmax.com, is "one of the strongest conservative voices online." The paper said Newsmax had witnessed 40 percent growth rates per annum over the past decade and closed 2009 with $35 million revenues, up from $24 million the year before. <ref>Edgecliffe-Johnson, Andrew. Financial Times, January 10, 2009.</ref> |
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An April 2010 cover story for ] magazine featured Newsmax as a model of future media companies called "Media Stations" that offer their audience, audio, video, digital and even print content.<ref>Santaniello, Beverly. Talkers magazine, April 2010.</ref> |
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A 2010 New York Post story reported that the paper's long-time former editor, Kenneth Chandler, was tapped as Newsmax Magazine's editor-in-chief. Ruddy also told the Post the company expected annual 2010 revenues to exceed $50 million. <ref>Kelly, Keith J. New York Post, November 4, 2010.</ref> |
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==Reach and influence== |
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A 2010 study released by Nielsen reported that Newsmax.com was the number one site for conservatives in the U.S., making it one of the most influential sites in the nation.<ref>Meyers, Jim., ''Newsmax.com'', January 17, 2010.</ref> |
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The company has increasingly attracted national and international leaders to its West Palm Beach, Fla. headquarters. Former President Bill Clinton, who describes Newsmax's CEO Ruddy as a friend, made headlines when he visited Newsmax's offices during the summer of 2010.<ref>Lambiet, Jose., ''Page 2 Live'', August 16, 2010.</ref> |
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When ] stopped by the office for an interview, ] suggested the move was the clearest indication yet she was planning to run for president.<ref>Bedard, Paul.,''US News and World Report'', October 7, 2010.</ref> |
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According to the magazine, Newsmax has become a must-do stop for Republican candidates seeking the GOP nomination.<ref>Bedard, Paul.,''US News and World Report'', October 7, 2010.</ref> |
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Visitors have included Sen. ], Gov. ], former Massachusetts Gov. ], former Florida Gov. ], and former Sen. ], among others.<ref>Bedard, Paul.,''US News and World Report'', October 7, 2010.</ref> |
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Newsmax.com is one of the nation's most read news websites. Nielsen Online said Newsmax was the most trafficked conservative website with approximately 4 million unique visitors monthly.<ref>Santaniello, Beverly. Talkers magazine, April 2010.</ref> |
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In 2009, ''Forbes'' magazine says regular readers include ] and John Templeton Jr. <ref name="forbes.com"/> |
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In addition to Newsmax.com, the company publishes ''Newsmax magazine'', which the company describes as the nation’s "largest independent monthly with a conservative perspective." During 2006 the magazine’s ABC-audited circulation totaled approximately 90,125 paid subscribers.<ref name="ABCAudit">ABC Audit March 7, 2006 : ABC Member # 04-0795-9</ref> |
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In November 2005, ''Newsmax magazine'' earned a Silver Eddie award in the News/Commentary category of the Eddies, the journalism awards presented by ''Folio Magazine'' in New York City.<ref name="Folio">"".</ref> |
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MarketWatch.com's media critic Jon Friedman attributed Newsmax's business success to a focus on its bottom line as a business rather than pushing a political ideology.<ref>Friedman, Jon., "Marketwatch.com", March 13, 2009.</ref> |
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] statistics for Newsmax.com indicate that the readership consists mainly of internet users over the age of 45, which aligns itself to the average age of Republican leaning voters, as gathered by ].<ref></ref><ref></ref> |
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==Notable stories== |
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During an appearance on Fox News Channel, Sarah Palin cited Newsmax first as one of her top news sources, and described it as "very valuable, very helpful." <ref>{{Dead link|date=April 2010}}</ref>''Newsmax'' magazine scored a coup - putting Sarah Palin on the cover of the September 2008 issue which was released just days before her selection by John McCain as his vice presidential running mate. In an exclusive interview with ''Newsmax'', Palin said she did not believe that global warming was a man-made phenomenon.<ref name="Klein">Klein, Rick. "ABC News Reports".'']'', August 29, 2008.</ref> |
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After the mysterious disappearance of ] in 2001, contributor ] allegedly posted a speculative column on the site about the sex life of Representative ], with whom Levy had an affair. The column quickly circulated among media members, even though Newsmax editors pulled it from the site.<ref name="Grove">Grove, Lloyd. "The Reliable Source". '']'', July 20, 2001, p. C3.</ref> |
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On May 26, 2000, Newsmax published an article claiming ] refused to meet with the ].<ref>, NewsMax.com, May 26, 2000, accessed April 4, 2010.</ref> According to the Gold Star Mothers organization, this was false and "Senator Clinton greeted us graciously on Gold Star Mothers Sunday, 2005." This story was also debunked at other websites<ref>, Snopes.com, last updated March 16, 2005, accessed April 4, 2010.</ref> and eventually led to a retraction by NewsMax.<ref>, ConWebWatch, 2003.{{Dead link|date=April 2010}}</ref> |
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A 2005 NewsMax.com report about Senator ] of Pennsylvania, claiming he was "teaming up" with rock band ] for a fund-raiser, gained considerable attention. Santorum had actually purchased 66 tickets to a sold-out show and was reselling these to campaign supporters at $1,000 per seat. The band issued a statement denying it was involved in the practice, saying, "U2 concerts are categorically not fund-raisers for any politician; they are rock concerts for U2 fans."<ref name="Healy">Healy, Patrick D. "U2 Moves to Distance Itself From Concert Fund-Raising". '']'', October 14, 2005, p. B6.</ref> |
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On August 9, 2007, Newsmax freelance reporter Jim Davis reported that ] was in attendance on July 22, 2007, during a controversial sermon given by ] at Trinity United Church of Christ in South Chicago, Obama's place of worship.<ref>Davis, Jim., NewsMax.com, August 9, 2007, accessed April 4, 2010.</ref> The claim that Obama was in attendance for this particular sermon was repeated by Newsmax as fact again on March 16, 2008<ref>Kessler, Ron. , NewsMax.com, March 16, 2008, accessed April 4, 2010.</ref>. A July 22, 2007, speaking schedule for the National Council for La Raza in Miami, Florida, shows Obama as a scheduled speaker for 1:30 pm<ref>Press Release. , National Council of La Raza, July 21, 2007 accessed April 4, 2010.</ref>. Video confirms he attended the conference and spoke during his allotted time. ''New York Times'' op-ed author, ], who relied upon the erroneous Newsmax articles in an op-ed article in the ''New York Times'' on March 17, 2008,<ref>Kristol, Bill. , Op-ed, New York Times, March 17, 2007, accessed April 4, 2010.</ref> provided the following retraction and apology later in the day: "In this column, I cite a report that Sen. Obama had attended services at Trinity Church on July 22, 2007. The Obama campaign has provided information showing that Sen. Obama did not attend Trinity that day. I regret the error." <ref>, March 16, 2008 {{Dead link|date=April 2010}}</ref> However, Davis later explained that Obama had attended the early morning service at Trinity United at 7:30 a.m., leaving sufficient time for him to travel by private jet to Miami; and the La Raza website confirms that Obama did not arrive until 1:50 p.m. Eastern time. Newsmax reports receiving confirmation from the Obama campaign that the candidate's private jet did not leave Chicago until 8:50 a.m. A ''Washington Post'' fact checker has reported that the issue has not been resolved to his satisfaction one way or the other. |
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Newsmax claimed that Obama's ] ambassador had been rejected several times for being "insufficiently pro-life". The Catholic News Service and ''Time'' magazine confirmed on April 9, 2009, that Newsmax's story was false<ref>Sullivan, Amy. , The Swampland, Time Magazine, April 9, 2009, accessed April 4, 2010.</ref>. |
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On September 30 2009, Newsmax published an opinion column by John L. Perry entitled "Obama Risks a Domestic Military Intervention." The column suggested that a military ] to "resolve the Obama problem" was not "unrealistic" and is preferable to "Obama's radical ideal".<ref>] </ref> |
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==Contributors== |
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Newsmax has a sizable stable of news correspondents and editorialists. Among them is ], Newsmax's chief Washington correspondent, who worked for '']'' and '']''. |
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Other contributing correspondents to Newsmax include former '']'' Editor ]. Newsmax regulars include ], ], ], ], ], ], ], ] and ]<ref> , NewsMax.com, accessed April 4, 2010.</ref>. |
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Besides political commentaries, Newsmax publishes '']''<ref></ref> in which ] provides information regarding choices in food, drugs, nutritional supplements and other health remedies, as well as denouncing vaccines, blood pressure medicine, and aluminum cookware.<ref>{{Dead link|date=April 2010}}</ref> Blaylock has endorsed a number of views that are inconsistent with the scientific consensus.<ref></ref> Additional newsletter publications of Newsmax include Intelligent Options; The ETF Strategist; High-Yield Income Investing; and Financial Intelligence Report<ref>, NewsMax.com, accessed April 4, 2010.</ref>, as well as Dr. Brownstein's Natural Way to Health<ref>, NewsMax.com, accessed April 4, 2010.</ref>, Dr. Amen's Brain Health Report<ref> , "Yahoo Finance", March 26, 2009.{{Dead link|date=April 2010}}</ref>, and the financial news Web site Moneynews.com<ref>, MoneyNews.com, accessed April 4, 2010.</ref>. |
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==References== |
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{{reflist|colwidth=30em}} |
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==External links== |
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{{Portalbox|Miami|Journalism|Companies}} |
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* {{Official website|http://newsmax.com|mobile=http://www.newsmax.com/m/}} |
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