CEO Chris Ruddy was joined by Newsmax hosts like Greg Kelly, Rob Schmitt, Carl Higbie, Rob Finnerty, and Greta Van Susteren as it rang the opening bell Thursday morning.
Additionally, the company gave the election machine firm 2,000 shares of preferred stock as part of the settlement in advance of the IPO for Newsmax expected later this year.
Borrell Associates projects that figure will climb considerably over the next four years as the industry undergoes what it describes as a "great reshuffling."