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Newsmax Media is a conservative American media company. It publishes a monthly magazine, a regularly updated website, several email newsletters, and a cable TV channel.
Newsmax CEO Christopher Ruddy launched Newsmax.com in 1998 after seeing the success of the Drudge Report. Ruddy now owns 58 percent of the company. His co-owner is billionaire Richard Mellon Scaife, owner of the Pittsburgh Tribune-Review.
Access to Newsmax’s website is free, and it is the most popular conservative news site on the Internet. Newsmax offers dozens of different newsletters, which have an average subscription price of $100 per year. It has about 200,000 subscribers to its magazine.
Newsmax’s 2013 revenue was $104 million, an increase from $85 million in 2012. The company had a staff of 260 in early 2014. It earns most of its revenue through digital advertising and subscriptions. About 10 percent of its revenue comes from the print magazine. The company also sells vitamin supplements, from which it earned $6 million in revenue in 2013.
In 2014 Newsmax launched a cable TV channel, Newsmax TV, as a conservative competitor to Fox News. The channel is available in 35 million homes and is streamed online.
Newsmax’s 2010 bid to buy Newsweek was rejected by The Washington Post Company, which then owned the newsweekly.
Mashable is a blog that covers social media news and analysis. The blog was founded in 2005 by Pete Cashmore, who was 19 at the time. Cashmore said in 2008 that Mashable had been profitable since its inception without the need for venture funding. Mashable first took on outside funding when it raised $13.3 million…