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Earlier this month, Newsmax announced it had struck a deal for distribution on YouTube TV. That development has been key as the network marches toward its IPO, CEO Chris Ruddy says.
During an appearance on the network’s Rob Schmitt Tonight, Chris Ruddy shared that the new agreement puts them in millions of homes it was previously without, and is only likely to grow.
“It’s been a huge development,” Ruddy told Schmitt. “We’re now on a YouTube TV’s footprint and it’s probably going to be 10 or 12 million homes in the near future because they have NFL football on Sundays, and apparently people that get it really like it.”
Ruddy added that ratings during the third quarter rose 45% compared to the previous quarter in key metrics, and added that Newsmax revenues had also increased during the fiscal year.,
“That’s a very good sign and we’ve just had such dramatic growth,” he said. “We think it’s going to be a great company going forward, but we also think it’s important for America that companies like Newsmax succeed.”
The company is currently in a round of private investment before it begins the process of launching its initial public offering and joining the New York Stock Exchange.
