Newsmax Lost $42 Million Last Year. Can an IPO Save The Network From Death By Dominion?
Newsmax Lost $42 Million Last Year. Can an IPO Save The Network From Death By Dominion?
www.mediaite.com Newsmax Lost $42 Million Last Year. Can an IPO Save The Network From Death By Dominion?
As Newsmax hurtles towards two major defamation trials over its coverage of the last presidential election, the conservative cable news network is pinning its hopes of survival on an audacious plan to go public.
3 comments
Article implies they want viewers to invest, but isn't this just a way to sell themselves to Sinclair or something?
I would be fine with Sinclair taking on the burden of Newsmax. If Newsmax continues on its libelous ways it will bankrupt this new Sinclair/Newsmax unholy chimera. Society at large would benefit from that.
My answer is no, they cannot.