AssetID: 54640441
Headline: UNCAPTIONED: Newsmax Stock Soars 2,200%, Surpassing Fox and Major Media Rivals
Caption: Newsmax Stock Soars 2,200%, Surpassing Fox and Major Media Rivals. Conservative TV network Newsmax has seen its market value skyrocket by over 2,200% since going public in New York on Monday. Shares, initially priced at $10, closed at $233 by Tuesday—giving the company a valuation near $30 billion. That figure surpasses media giants like Fox Corp, Warner Bros Discovery, and Paramount Global. Known for its pro-Trump stance, Newsmax gained traction after being promoted by him during his first term. The surge has also turned CEO and founder Christopher Ruddy into one of America’s wealthiest individuals with Bloomberg estimating his net worth at over $9 billion. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,Conservative,TV Network,Newsman,market value,skyrocket,over 2,200%,going public,New York,Monday,media giant,founder,CEO,Christopher Ruddy,America’s,wealthiest,$9 billion,pro-Trump,Donald Trump,US President,endorsed
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