Newsmax Announces Public Offering Plan
Newsmax Inc. announces that it will seek to become a public company later this year or in early 2025 with a listing on Nasdaq or the NYSE. It says, “In preparation for this contemplated initial public offering, Newsmax
is launching a private placement offering seeking to raise up to $225 million.” Newsmax CEO Christopher Ruddy adds, “While achieving significant success, Newsmax has stayed true to our mission of providing Americans with honest and real news. Now more than ever, especially in this election year of 2024, America needs Newsmax and you can join with us as an investor.” The current private offering currently consists of shares of the Company’s Series B 7% Convertible Preferred Stock for a maximum Offering amount of up to $225 million.
approximately $2.1 million compared to net income of $34.3 million for 2022. For the first quarter of 2024, net revenue was approximately $104.4 million, a decrease of 5% from the same period in 2023. Broadcast and digital operating income was approximately $32 million, a decrease of 18.5% from the same period in 2023. Net income was approximately $7.5 million compared to a loss of $2.9 million for the same period in 2023. Urban One CEO and president Alfred C. Liggins, III states, “Our Adjusted EBITDA for FY23 came in just above the high-end of our previous guidance at $128.4 million. As expected, we suffered a drop in radio division broadcast cash flow as a result of reduced political advertising compared to Q4 2022. Other divisions performed broadly in line with expectations, although the continuing churn in cable television subscribers remains an industry-wide concern. For Q1 our national radio revenues were hit by tough comparatives on a handful of large clients plus a general softness in the market. Second quarter radio pacing’s are sequentially better, with same station core revenues down mid-single-digits and low-single digits including political… We are optimistic about political advertising revenues for the remainder of the year, which should benefit both our radio and digital divisions. During Q1 we repurchased $75 million of our 2028 notes at 88.3%, and we ended the quarter with approximately $155.7 million of cash.”
Township, Pennsylvania over a disputed tax bill. This settlement in principle remains 
News Now” and “Up First” at #2 and #3 respectively. Other podcasts of note include FOX Audio Network’s “FOX News Hourly Update” rises one spot to #7; The DailyWire’s “The Ben Shapiro Show” moves up one to #8 and “The Dan Bongino Show” also climbs one spot to #9. 
When recently starting nightly on WPHT, Philadelphia, I asked program director Greg Stocker if there was anything else management needed from me. Greg said, “Do your show.”
bestselling author Joe Garner. The podcast is being co-executive produced by Paul Bahr of Peachtree Sound and Ron Hartenbaum of WYD Media. Garner says, “In each episode, we explore the hidden aspects of everyday life. From why popcorn pops to the science behind your favorite songs. ‘OK Now You Know’ offers a fresh look at the world around us.” Hartenbaum adds, “We’re not just sharing information; we’re inspiring curiosity. ‘OK Now You Know’ makes every day a chance to learn something new.”
Saturdays at 10:00 am ET on SiriusXM’s bipartisan P.O.T.U.S. channel. This show will contain major interviews and showcase conversations and debates with Mediaite writers and editors, along with top reporters from various outlets. These roundtable discussions will cover the intersection of media and politics, the inner workings of the media world, and the biggest industry stories of the week. The inaugural episode features an in-depth interview with ABC News anchor George Stephanopoulos.
podcasts in the United Kingdom, but UK podcast listeners love Joe Rogan as his “Joe Rogan Experience” show is #1 for the survey period there as well as in the U.S. The only other U.S.-produced podcast making the top 25 for Q1 of this year in the UK was The New York Times’ “The Daily,” finishing #22.
Media and president, Westwood One, was elected radio board chair by the NAB radio board. Kevin Perry, president and CEO of Perry Publishing and Broadcasting Company, was elected radio board first vice chair, and Leonard Wheeler, president of Mel Wheeler, Inc., was elected radio board second vice chair. Chris Ornelas, executive vice president and general counsel of Beasley Media Group, was reelected to the radio board’s major group representative seat on the NAB board’s executive committee. Perry Sook continues the second year of his role as joint board chair. The position is elected every two years. The elections took place at the NAB Board of Directors meeting, held June 3-4.
from London tomorrow and Sunday (6/8-9) as the Phillies take on the New York Mets in the MLB’s London Series. to broadcast Major League Baseball’s London Series as the Phillies take on the New York Mets June 8 and 9. To celebrate the weekend, “The WIP Morning Show” broadcast live from Passyunk Avenue, London’s Philadelphia-themed bar, this morning (6/7) and will do the same on Monday (6/10).
extraordinary contributions to sports broadcasting for over four decades, notably as one of the first women to cover Major League Baseball. Serving as host for the event will be ABC News senior national affairs correspondent and “20/20” co-anchor Deborah Roberts. AWMF president Becky Brooks comments, “We are honored to have Deborah Roberts, an exemplary journalist and storyteller, host this year’s Gracies Luncheon. Her illustrious career and dedication to impactful reporting epitomize the values we celebrate at the Gracie Awards. Additionally, we are honored to recognize Suzyn Waldman’s pioneering contributions to the industry with the Gracies Lifetime Achievement Award. This event promises to be a memorable celebration of talent and achievement in media.”
Pelicans had been heard on iHeartMedia’s WRNO-FM. Audacy New Orleans SVP and market manager Dan Barron states, “We are honored to extend our partnership with the New Orleans Saints and excited to bring the New Orleans Pelicans into the WWL family. This agreement reaffirms our dedication to providing fans with the best sports broadcasting in the region. We are proud to be the go-to source for Saints and Pelicans coverage and are excited to bring every thrilling moment to our listeners.”
she’ll provide analysis across the network’s platforms. In addition to her contributor role, she is also a columnist for OutKick and will continue to host her bi-weekly podcast “Getting Hammered” alongside Vic Matus. Ham previously was a FOX News contributor from 2007-2015. She went on to serve as a CNN contributor, departing the network after being suspended in 2022 for speaking out against then-legal contributor Jeffrey Toobin and his Zoom scandal.
podcast dedicated to telling the stories of the all-time great players who are enshrined in the Hall of Fame in Cooperstown, New York. The new program, titled, “The Road to Cooperstown,” debuts on June 8 and airs every Saturday at 9:00 am ET on SiriusXM’s MLB Network Radio channel. Season one will run from June through October and each week’s episode will feature a long form conversation between SiriusXM host Jon Paul Morosi and a different Hall of Famer.
daypart to morning drive, taking over for Maxwell Schaeffer and Amy Sweet, who exited the station earlier this year. He posts a message to Facebook saying, in part, “Iowans are all about connecting with each other and WHO Radio has always been at the heart of that. We’ll have conversations about the most important topics of the day, and we’ll share a few laughs along the way.”
introduced to their audience. Brittany Arneson and Kendall Mark will host the “Brittany & Kendall” show beginning July 8. Arneson joined KTMY in 2019, filling in on the “Lori & Julia” show as well as hosting events and assisting with social media and video content. She also previously served with KQRS-FM and as a co-host of the “Tom Barnard Podcast.” Mark has been serving with KMSP-TV “FOX 9” and as part of “The Jason Matheson Show.”
titled, ‘The Chosen One.’ This song was inspired by the media firestorm across the globe in July 2019 when I said on my Newsmax TV show Trump was ‘like the King of the Jews and the Chosen One.’” Root debuted the song on his Real America’s Voice TV show, “The Root Reaction” and on his Talk Media Network nationally syndicated radio show. Root adds, “In light of this unprecedented persecution, indictments and now unjust conviction of President Trump, this is the perfect song and video, at the perfect time, and the perfect place, to lift the spirits of President Trump and the MAGA world, and to show the world President Trump is on a mission from God to make America great again.” 
columnist John Heilemann called, “Impolitic with John Heilemann.” New episodes will drop each Tuesday and Thursday. Audacy Podcasts EVP Jenna Weiss-Berman says, “We couldn’t be more excited to expand our thriving Puck slate with ‘Impolitic’ especially in this election year. John is a singular political journalist whose incisive and insightful analysis and reporting will keep listeners informed leading up to November and beyond.”