Newsmax founder and CEO Christopher Ruddy on Tuesday sought to dispel speculation that the Conservative television news channel and website would become a Trump-branded network after President Donald Trump leaves the White House, and told CNBC that their personal ties have grown.
The Wall Street Journal reported on Sunday that people close to Trump are considering ways to establish a rival for Fox News, which dominates the tight cable landscape. The Republican National Committee, a private equity firm affiliated with Hicks Equity Partners, discussed the possibility of acquiring and investing in Newsmax.
“The Hicks family [is] “Squawk b .x.” But Rudy said, “Very respectful, but we had no dealings with him.” “I think it was clear in the journal article, a lot of people are trying to see a connection with the president. I’ve been friends with him for a long time. The Hicks family have been friends with him for a long time, but I think they’re a little bit more into it. Reading. “
While Ruddy said Newsmax is not for sale, he told Variety this week that he would be open to giving Trump a weekly show on the TV network, which is now available on every major cable system in the US and free over-the-top Roku. And services like YouTube Live. He said the number of spectators has increased before and after the election.
The Journal reports that Hicks Equity Partners wants to raise 200 200 million for its conservative media ambitions. The private equity firm is under the umbrella of the office fees of the family of Thomas Hicks, whose son, Tommy Hicks Jr., is the co-chairman of RNC.
Newsmax is valued at more than million 200 million, Ruddy said. He added, “Over the years, we’ve had a lot of people come to us to buy Newsmax, to invest in Newsmax. There are often a lot of informal discussions. It’s not a formality.”
Last week, Axios co-founder Mike Allen reported in his morning newsletter that Trump is considering starting a digital media company after his presidency, with the intention of pitting Fox News against it. While Trump has leaned on a serv-friendly cable channel to reach out to voters, Allen said Trump is increasingly annoyed with the network, as evidenced by recent tweets and Fox News retweet pitching options such as Newsmax.
Trump refused to accept Democrat J B Biden in the November presidential election, which was projected to be won by NBC News and other media a week earlier.
The president acknowledged for the first time on Sunday that Biden had won the election. Trump’s comments came in a mostly hijacked post on Twitter, as his campaign continues to challenge election results in court and his administration has transition formal transition processes.
However, in a subsequent tweet, Trump wrote that he would not confess, and falsely claimed that the election was rigged.
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