Ruddy: Ratings Soar, Pre-IPO Plan Gets Big Response

Newsmax CEO Chris Ruddy appeared on "Rob Schmitt Tonight" touting the network’s big ratings success and the latest on its pre-IPO planned offering.

Nielsen data out this month shows July ratings made records for Newsmax — with the network drawing over 22 million viewers to its cable news channel alone.

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"We're the only cable news channel in every day part seeing ratings increases, which is pretty amazing," Ruddy told host Rob Schmitt last Friday.

"If you take CNBC, Fox Business, and NewsNation — combine them — we still beat them all in ratings and by a fairly good number,” Ruddy said.

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Newsmax is currently undertaking a private placement offering pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”), and/or Rule 506(c) of Regulation D promulgated thereunder. Investors should consider the investment objectives, risks, and investment time horizon of the Company carefully before investing. The private placement memorandum relating to this offering of equity interests by the Company will contain this and other information concerning the Company and the securities referenced in this document, including risk factors, which should be read carefully before investing.  You should be aware that (i) the securities may be sold only to “accredited investors,” as defined in Rule 501 of Regulation D; (ii) the securities will only be offered in reliance on an exemption from the registration requirements of the Securities Act and will not be required to comply with specific disclosure requirements that apply to registration under the Securities Act; (iii) the United States Securities and Exchange Commission will not pass upon the merits of or give its approval to the securities, the terms of the offering, or the accuracy or completeness of any offering materials; (iv) the securities will be subject to legal restrictions on transfer and resale and investors should not assume they will be able to resell their securities; investing in these securities involves a high degree of risk, and investors should be able to bear the loss of their entire investment. Furthermore, investors must understand that such investment could be illiquid for an indefinite period of time.

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