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WASHINGTON, D.C. - Veteran news anchor Greta Van Susteren will continue to helm "The Record with Greta Van Susteren" after signing a multi-year contract extension with Newsmax Inc. (NYSE:NMAX), the company announced today. The media company, currently valued at $3.26 billion, has shown strong revenue growth of 26.42% over the last twelve months, according to InvestingPro data. The show, which airs at 6:00pm ET, has been a fixture of the network's weeknight programming since its debut in 2022, providing viewers with an hour of news coverage characterized by its factual and independent perspective.
Van Susteren, a lawyer turned journalist, gained national recognition during the O.J. Simpson murder trial and has since built a distinguished career across major news networks, including CNN, Fox News, and MSNBC. Her recent tenure with Newsmax has seen her report from global hotspots and secure exclusive interviews with international figures such as Ukrainian President Volodymyr Zelenskyy and Israeli Prime Minister Benjamin Netanyahu.
Newsmax CEO Christopher Ruddy praised Van Susteren's journalistic integrity and her role in the network's coverage, which includes events like the 2024 RNC Convention in Milwaukee. "Greta is an internationally recognized journalist known for her ground-breaking reporting, insightful analysis, and integrity," Ruddy said. "We're honored to have her continue to serve as lead anchor with us."
According to Nielsen, Newsmax is the fourth highest-rated cable news channel and was the fifth most-watched among all cable channels last quarter, with an audience of 33 million Americans. The network, which reaches over 40 million Americans regularly through its various media outlets, has been recognized by Forbes as "a news powerhouse" and was listed among the top 12 U.S. news brands by the Reuters Institute. While the company generated revenue of $171 million in the last twelve months, InvestingPro analysis suggests the stock is currently undervalued, with 8 additional key insights available to subscribers.
This announcement is based on a press release statement and contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The company cautions that these statements are predictions and that actual events or results may differ materially. For detailed financial analysis and real-time insights on NMAX and other media stocks, investors can access comprehensive metrics and valuations through InvestingPro's advanced analytics platform. Newsmax Inc., headquartered in Boca Raton, Fla., with offices in Washington, D.C., and New York City, emphasizes its commitment to providing balanced coverage and diverse viewpoints through its media channels.
In other recent news, Newsmax Inc. reported a significant audience growth in the first quarter of 2025, with Nielsen ratings indicating a 690% increase in Total Day viewership and a 1,027% rise in Prime Time viewership over the past five years. The company successfully completed an initial public offering, raising $300 million, and saw a 20% year-over-year increase in Prime Time viewership. Additionally, Newsmax has entered into a standby equity purchase agreement with Yorkville Advisors, allowing the company to sell up to $1.2 billion in shares over a 24-month period. This agreement provides Newsmax with flexibility in capital-raising endeavors. A Delaware judge recently ruled that Newsmax defamed Dominion Voting Systems, paving the way for Dominion to seek $1.6 billion in damages. Newsmax shares experienced a dramatic rise following its IPO, with a 2,230% increase in its stock price, although it later faced a 25% drop in premarket trading. Despite this volatility, the company's early stock performance captured significant market attention.
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