Newsmax CEO Says Not Actively Selling Company: Variety
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Newsmax Media Inc. is not actively looking to sell itself, the company’s chief executive officer Christopher Ruddy said in an interview with Variety, while acknowledging that the politically conservative news outlet has had expressions of interest from “investors, investment banks and strategic players.”
Commenting on a Wall Street Journal report that private equity firm Hicks Equity Partners had held talks for an investment in Newsmax, Ruddy said there was “no deal” though he had spoken to the firm’s leader Thomas Hicks, “on and off through the past three years.”