Seems the big payout was Fox News paying $750 million to settle. Dominion and SmartMatic sued Newsmax for a combined $107 million. Shortly after settling Newsmax went IPO and recouped all that money (and then some).
They are in a better position than Fox and are drawing more and more viewers since Trump took office. I think Trump even said he watches more Newsmax than Fox at one point but that could be a hallucination.
Newsmax seems to think it can fight Fox and win. Let’s see how this plays out.
Seems the big payout was Fox News paying $750 million to settle. Dominion and SmartMatic sued Newsmax for a combined $107 million. Shortly after settling Newsmax went IPO and recouped all that money (and then some).
They are in a better position than Fox and are drawing more and more viewers since Trump took office. I think Trump even said he watches more Newsmax than Fox at one point but that could be a hallucination.
Newsmax seems to think it can fight Fox and win. Let’s see how this plays out.
Ahhh. I didn’t realize they raised cash through an IPO. That explains it.