Big Number
$0.39. That is how much Newsmax collects per subscriber per month through affiliate fees, which are the payments cable and satellite providers make to carry a channel. Fox News collects $2.67 per subscriber, marking a roughly sevenfold difference despite comparable household reach, Newsmax’s investor presentation said.
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What To Watch For
Newsmax announced an artificial intelligence content partnership with Meta last month that will bring its programming across Meta platforms. The deal means Meta will be able to use Newsmax digital news content to support AI queries made by users on Meta apps and devices. The financial terms of the deal have not been disclosed, though it is possible Newsmax’s third quarter earnings could shed some light on them.
Surprising Fact
Newsmax described its core viewers as high-income earners and high-net-worth retirees—a demographic that makes its affiliate fee rate even more unusual.
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Key Background
Newsmax closed its first day on the stock market last year up more than 700% at $83.51 per share, in one of the most eye-popping initial public offerings in recent memory. The stock quickly returned to Earth and tumbled into 2026, falling as low as $5.16. However, the stock has risen 75% in the last six months of trading and nearly 13% in the last month. Newsmax, which holds a $1.2 billion market cap, was founded by Christopher Ruddy in 1998.
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