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Even after crashing down to earth Wednesday, Newsmax is still valued at an extreme premium compared to Fox and the New York ...
Is Newsmax, the conservative news company that ... Today, Trump Media is worth $4.4 billion — still a quite handsome valuation for a company that won't even try to tell you how it's actually ...
most of the big moves for its valuation have been driven by emotion. In an update that it published last week, Newsmax said that the latest ratings tracking from Nielsen showed that its news ...
Newsmax, a conservative media company that lost ... Context: That's double the value of the New York Times, which made $106 million in net profit over the same period, on revenue of $1.2 billion.
Newsmax's valuation also faced negative pressure from a court ruling that the company had published defamatory statements against Dominion Voting Systems. A Delaware Superior Court judge ruled ...
Newsmax saw its valuation soar to about $8 billion, double that of Trump Media & Technology Company, and about a third of Fox Corp's valuation.
The stock soared nearly 180% to close at $233 on Tuesday, building on a 735% surge in its debut session which saw the shares halted multiple times.
The Newsmax IPO was one for the record books. Priced at $10 per share, the cable TV company closed its first day of open-market trading at $83.51 and its second at $233, after rising as high as $265.
The company's share price has seen big pullbacks from market close on the day of its IPO, but its valuation still looks inflated. Newsmax is posting big losses and could face additional earnings ...
“It’s unusual for a standalone cable news network to go public, especially in this environment, as advertising sales for traditional networks face pressure from streaming. But Newsmax has seen its ...