financetom
Business
financetom
/
Business
/
Newsmax sues Fox, claiming TV distribution deals strangled business
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Newsmax sues Fox, claiming TV distribution deals strangled business
Sep 3, 2025 10:36 AM

Sept 3 (Reuters) - Newsmax ( NMAX ) sued its larger

conservative news rival Fox Corp ( FOXA ) in federal court in

Florida on Wednesday, accusing the media giant of suppressing

competition in the U.S. market for right-leaning pay TV and

leaving consumers with less choice.

The lawsuit in West Palm Beach alleged Fox and its affiliate

Fox News Network violated antitrust law by coercing distributors

to exclude competitors such as Newsmax ( NMAX ) or to restrict their

reach.

"Fox's campaign to stunt Newsmax's ( NMAX ) business has delayed, for

almost a decade, Newsmax's ( NMAX ) growth in pay TV distribution," the

lawsuit said.

In a statement, Newsmax ( NMAX ) CEO Christopher Ruddy said his

company was focused on restoring fairness to the market and

ensuring that Americans have "real choice" in the news they

watch.

The lawsuit seeks unspecified monetary damages and a court

order that would bar Fox's alleged misconduct.

"Newsmax ( NMAX ) cannot sue their way out of their own competitive

failures in the marketplace to chase headlines simply because

they can't attract viewers," Fox News Media said in a statement.

Fox News has maintained a strong lead over its cable news

competitors. Republican U.S. President Donald Trump promoted

Newsmax ( NMAX ) during his first administration, while he often

criticized other outlets' coverage of him. The lawsuit said

Newsmax's ( NMAX ) ratings increased before and after the 2020

presidential election.

In July, Trump Media & Technology Group launched its

TV streaming platform, Truth+, which featured Newsmax ( NMAX ).

Newsmax ( NMAX ) was founded in 1998 and launched Newsmax TV as a pay

television channel in 2014. It debuted this year as a publicly

traded company. Newsmax ( NMAX ) said in the lawsuit that its programming

offered an alternative to what it called Fox's "establishment

platform."

Newsmax ( NMAX ) says its media properties reach more than 40 million

Americans.

In August, Newsmax ( NMAX ) agreed to pay $67 million to Dominion

Voting Systems to settle a defamation lawsuit over false claims

that the voting machine company rigged the 2020 election against

Trump. Newsmax ( NMAX ) said it stood by its coverage but did not believe

it could get a fair trial.

Last year, the outlet reached a confidential settlement with

voting machine maker Smartmatic, which alleged it was defamed by

Newsmax's ( NMAX ) false claims that its machines were rigged.

Fox Corp ( FOXA ) and Fox News in 2023 settled a similar defamation

lawsuit by Dominion Voting for $787.5 million.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Shopify's Overall Fundamentals Intact Despite Q1 Falling Short of Investor Expectations, Oppenheimer Says
Shopify's Overall Fundamentals Intact Despite Q1 Falling Short of Investor Expectations, Oppenheimer Says
May 9, 2024
12:33 PM EDT, 05/09/2024 (MT Newswires) -- Shopify's ( SHOP ) Q1 results exceeded management's guidance but fell short of elevated investor expectations, Oppenheimer said in a note Wednesday. Analysts, including Ken Wong, said that while the results fell short of high buy-side expectations, overall fundamentals seem to be intact. In the future, investors might see that management is giving...
Market Chatter: UBS Wins More Time to Furnish Responses in Credit Suisse Bond Wipeout Case
Market Chatter: UBS Wins More Time to Furnish Responses in Credit Suisse Bond Wipeout Case
May 9, 2024
12:35 PM EDT, 05/09/2024 (MT Newswires) -- UBS (UBS) won more time to furnish responses in a lawsuit brought by investors after the write-down of $17 billion worth of Credit Suisse's Additional Tier 1 bonds following its acquisition by UBS, Bloomberg reported Thursday, citing documents it viewed. UBS lawyers now have until June 3 to submit comments as opposed to...
Charter Communications Sets Senior Notes Buyback Offer of Up to $1.7 Billion
Charter Communications Sets Senior Notes Buyback Offer of Up to $1.7 Billion
May 9, 2024
12:26 PM EDT, 05/09/2024 (MT Newswires) -- Charter Communications ( CHTR ) said Thursday its Charter Communications Operating and Charter Communications Operating Capital subsidiaries started an offer to buy outstanding 4.908% senior secured notes due 2025 for up to $1.7 billion in cash. The offer, which will end on June 7, is linked to a new offering of senior secured...
Spectrum Brands +12% After Q2 Results - Read Why
Spectrum Brands +12% After Q2 Results - Read Why
May 9, 2024
Spectrum Brands Holdings, Inc. ( SPB ) shares are trading higher on Thursday. The company reported second-quarter adjusted earnings per share of $1.62, beating the street view of 62 cents.  Quarterly sales of $718.50 million beat the street view of $707.52 million. Net sales declined by 1.5%, influenced by reduced consumer demand in home appliances and aquatics, notably in North America. Additionally, SKU rationalizations had an impact, although there...
Copyright 2023-2026 - www.financetom.com All Rights Reserved