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NEW YORK - Newsmax Inc. (NYSE:NMAX), currently trading near its 52-week low of $13.70, has appointed Ambassador Paula J. Dobriansky to its Board of Directors, the company announced Wednesday in a press release.
Dobriansky, a foreign policy expert with over 30 years of government and international experience, will serve on the Audit Committee alongside former U.S. Secretary of Labor Alex Acosta, who joined the board following Newsmax’s initial public offering in March. According to InvestingPro data, the company’s stock has declined over 82% since its IPO, though it maintains a strong balance sheet with more cash than debt.
The appointments expand Newsmax’s five-member board, which includes CEO Chris Ruddy, Ambassador Nancy Brinker and Christopher Nixon Cox.
Dobriansky previously served as Under Secretary of State for Global Affairs from 2001 to 2009 and received the Distinguished Service Medal for her work as President’s Envoy to Northern Ireland. During the Trump administration, she served on the Defense Policy Board and the Secretary of State’s Foreign Affairs Policy Board.
Acosta, the 27th U.S. Secretary of Labor, has held four Senate-confirmed positions, including Member of the National Labor Relations Board, Assistant Attorney General for Civil Rights, and U.S. Attorney for the Southern District of Florida.
In the same announcement, Newsmax issued financial guidance for fiscal year 2025, projecting total revenue between $180 million and $190 million, representing potential growth from its current trailing twelve-month revenue of $175.72 million. InvestingPro analysis reveals 13 additional key insights about Newsmax’s financial position and market performance. Subscribers can access detailed metrics and Fair Value estimates to make more informed investment decisions.
Newsmax describes itself as the nation’s fourth highest-rated cable news network according to Nielsen data. The company completed its initial public offering earlier this year and currently maintains a market capitalization of $1.86 billion, with a current ratio of 3.57 indicating strong short-term liquidity.
In other recent news, Newsmax Inc. announced its inclusion in the Russell 2000 Index, set to take effect after the U.S. market opens on June 30, 2025. This milestone is anticipated to boost its visibility among institutional investors. Additionally, Newsmax has expanded its distribution network through a multi-year agreement with Hulu + Live TV, aiming to reach approximately 60 million U.S. households starting in July 2025. The company also achieved a significant social media milestone, amassing 20 million followers and leading in social engagement rates among U.S. news networks for early 2025. In a strategic move to broaden its global reach, Newsmax entered a licensing agreement with Supercanal, delivering its channel to three million households in the Dominican Republic with live Spanish dubbing. Furthermore, Greta Van Susteren has renewed her contract with Newsmax, continuing her role as the anchor of "The Record with Greta Van Susteren." These developments underscore Newsmax’s ongoing efforts to expand its reach and enhance its media presence.
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