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Newsmax Media

2,552 bytes added, 23:57, December 12, 2009
'''''Newsmax''''' is a monthly [[magazine]] created to point out [[liberal bias]] and improprieties in the media that are forced upon the American people. It also seeks to extol men and women who show [[conservative]] virtues. For those who sign up, there are also daily emails of breaking news stories of interest that may not be fully covered in the general media. In addition to the magazine, there is also a NewsMax [[web page]], which covers many of the articles in the magazine in shortened form.
 
== History ==
 
Christopher W. Ruddy started Newsmax.com on September 16, 1998, supported by a group of conservative investors, including the family of the late Central Intelligence Agency Director William J. Casey. Later Richard Mellon Scaife, his former employer at the Pittsburgh Tribune-Review and a supporter of conservative causes, invested in the fledging company. One of the initial board members was author James Dale Davidson who edited a financial newsletter that had shared Ruddy's interest in the Vincent Foster case. Davidson's co-editor, Lord Rees-Mogg, former editor of the The Times and Vice Chair of the BBC, later became chairman of Newsmax Media.
 
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 UPI and Jeff Cunningham, former publisher of Forbes. The late Admiral Thomas Moorer, the former chairman of the Joint Chiefs of Staff who helped bring the Vietnam War to a close, also served as one of the company's founding board members. Former Nixon Chief of Staff and Secretary of State Alexander M. Haig Jr. has served as special advisor to NewsMax
 
Ruddy aimed at creating an Internet news company by building a team of reporters instead of working alone. 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.
 
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 with Internet guru Nathan Richardson, he was asked to identify the "smartest thing on the web" today. Richardson identified Newsmax, among several web sites, citing its success "monetizing the web."
 
In March, 2009 Forbes featured Newsmax and described Ruddy's company as a "media empire" and the "great right hope" of a troubled Republican Party. Forbes noted that after just a decade of operations it had become a "media powerhouse" - and had surpassed such well known web sites as the Drudgereport 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.
<ref>http://en.wikipedia.org/wiki/Newsmax_Media</ref>
 
== References ==
{{reflist}}
== External Link ==
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