16 1998 ; 18 years ago 1998 09 16 founder christopher ruddy ceo headquarters west palm beach florida usa key people ken chandler editor in chief for newsmax magazine website newsmax.com newsmax media commonly called newsmax is an american news media organization founded by christopher ruddy and based in west palm beach florida . it operates a multiplatform network focused on conservative leaning 1 media including the news website newsmax.com publishes the franklin prosperity report and newsmax magazine and the cable news channel newsmax tv . contents 1 history 2 reach and influence 3 notes 4 external links history ruddy started newsmax.com on september 16 1998 supported by a group of investors including the family of the late central intelligence agency director william j. casey . later richard mellon scaife ruddy s former employer at the pittsburgh tribune review invested in the fledgling company . 2 one of the initial board members was author james dale davidson who edited a financial newsletter . davidson s co editor lord rees mogg former editor of the times and vice chair of the bbc later became chairman of newsmax . 3 other news figures who later joined the newsmax board included arnaud de borchgrave the longtime newsweek chief correspondent who also serves as editor at large of united press international upi and jeff cunningham former publisher of forbes . admiral thomas moorer the former chairman of the joint chiefs of staff and chief of naval operations during the vietnam war also served as one of the company s founding board members . former united states secretary of state and nixon and ford administration chief of staff general alexander m. haig jr. served as special adviser to newsmax . 4 ruddy aimed at creating an internet news company by building a team of reporters . in august 2001 talk radio host michael reagan merged his monthly newsletter the reagan monitor with newsmax magazine and began writing a regular column for the publication . 5 in 2008 a profile in the palm beach post on newsmax and founder ruddy indicated the company generated revenues of approximately 25 million per year and according to the company has been profitable for the past five years . in a 2009 forbes.com interview internet expert nathan richardson was asked to identify the smartest thing on the web today . richardson identified newsmax among several websites citing its success monetizing the web . 6 in march 2009 forbes ran a feature on newsmax describing it as a media empire and the great right hope of the republican party . forbes noted that after just a decade of operations it had become a media powerhouse and had surpassed such well known sites as the drudge report in web visitors . according to the magazine newsmax draws 3.8 million unique visitors monthly . political analyst dick morris was quoted as saying that newsmax had become the most influential republican leaning media outlet in the nation . 7 in a january 2010 profile on the company the financial times reported that the rise of newsmax defies the media trend and said its website newsmax.com is one of the strongest conservative voices online . the paper said newsmax had witnessed 40 percent growth rates per annum over the past decade and closed 2009 with 35 million revenues up from 24 million the year before . 8 an april 2010 cover story for talkers magazine featured newsmax as a model of future media companies called media stations that offer their audience audio video digital and even print content . 9 a 2010 new york post story reported that the paper s long time former editor kenneth chandler was tapped as newsmax magazine s editor in chief . ceo ruddy also told the post the company expected annual 2010 revenues to exceed 50 million . 10 starting in april 2013 newsmax.com and its affiliated sites drew 14.4 million unique visitors leading comscore s news politics category over such sites as the huffington post politics fox news politics cnn politics nbcnews.com politics and politico.com in monthly viewership for two consecutive months . 11 in 2014 newsmax announced they would be starting a new tv news network as an alternative to fox news . 12 on their website newsmax said they expected to have up to 21 hours of original programming a day by the end of the summer . they named the network newsmax tv . it s available for free on their website . reach and influence nielsen online said newsmax.com was the most trafficked conservative website with approximately 4 million unique visitors monthly . 9 a 2010 study released by nielsen reported that newsmax.com was the number one site for conservatives in the u.s. making it one of the most influential conservative news sites in the nation . 1 alexa internet statistics for newsmax.com indicate that the readership consists mainly of internet users over the age of 45 which aligns itself to the average age of republican leaning voters as gathered by the pew research center . 13 14 a profile on newsmax in the new york times described the company as a potent force in u.s. politics and noted the company s headquarters had become a must stop for republican candidates seeking the party s 2012 nomination . 15 the company has increasingly attracted national and international leaders to its west palm beach florida headquarters . former president bill clinton who describes newsmax s ceo ruddy as a friend made headlines when he visited newsmax s offices during the summer of 2010 . 16 when sarah palin stopped by the office for an interview us news and world report suggested the move was the clearest indication yet she was planning to run for president . 17 according to the magazine newsmax is a major player in gop politics as seen during the 2012 primaries . 17 visitors have also included rep. michele bachmann gov. tim pawlenty sen. john thune gov. haley barbour former massachusetts gov. mitt romney former florida gov. jeb bush and former sen. rick santorum among others . 17 in 2009 forbes magazine said regular readers included newt gingrich and john templeton jr. 7 in addition to newsmax.com the company publishes newsmax magazine which the company describes as one of the nation s largest independent monthlies with a conservative perspective . during 2015 the company reported a monthly readership of 400 000 . in november 2005 newsmax magazine earned a silver eddie award in the news commentary category of the eddies the journalism awards presented by folio magazine in new york city . 18 marketwatch.com s media critic jon friedman attributed newsmax s business success to a focus on its bottom line as a business rather than pushing a political ideology . 19 in march 2014 newsmax was profiled in bloomberg businessweek by correspondent karl taro greenfeld . the bloomberg businessweek story detailed newsmax s successful business model of targeting higher incomed baby boomers . the average age of a newsmax online reader is 54.7 years of age . the profile detailed newsmax s plans to launch a linear and over the top ott content cable channel and suggested their revenue model which sells a smorgasbord of political health and financial information self help books and even vitamin supplements could make the company uniquely competitive in this arena . 20 notes a b meyers jim.nielsen newsmax 1 conservative site in the nation newsmax.com january 17 2010 . poe pp. 171 172 . poe p. 100 . general alexander m. haig jr. joins newsmax.com advisory board pr newswire michael reagan and reagan monitor join newsmax magazine newsmax.com august 14 2001 smilie dirk nathan richardson s modest proposal forbes.com article february 3 2009 . a b smillie dirk . a great right hope forbes.com march 6 2009 . edgecliffe johnson andrew . rise of newsmax defies the media trend financial times january 10 2009 . a b santaniello beverly . the rise of newsmax talkers magazine april 2010 . kelly keith j. newsweek post yet to be filled new york post november 4 2010 . comscore . newsmax reports 1 online reading status talkers.com june 5 2013 . newsmax to launch channel with directv . politico . 2014 05 29 . retrieved 2014 10 18 . independents take center stage in obama era . pew research center for the people and the press . 21 may 2009 . retrieved 18 april 2015 . newsmax.com site overview . alexa.com . retrieved 18 april 2015 . peters jeremy w.a compass for conservative politics the new york times july 10 2011 . lambiet jose.bill clinton s surprise visit to conservative newsmax page 2 live august 16 2010 . a b c bedard paul.sarah palin takes a big step toward 2012 run for president us news and world report october 7 2010 . 2005 eddie winners . friedman jon.chris ruddy conservatives great online ally marketwatch.com march 13 2009 . greenfeld karl taro.the next ailes newsmax s chris ruddy preps tv rival to fox news bloomberg business march 6 2014 . external links miami portal journalism portal companies portal official website mobile newsmax knows its audience 8 december 2000 by wired.com chris ruddy conservatives great online ally 13 march 2009 by marketwatch retrieved from https en.wikipedia.org w index.php title newsmax media & oldid 739954120 categories conservatism in the united statesnews agencies based in the united statespublishing companies established in 1998american political websitesamerican companies established in 1998hidden categories wikipedia indefinitely semi protected pagespages using infobox company with unsupported parameters navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read view source view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as 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