Newsmax News
FCC Liſt ing TV Ownership Cap ‘Disaster’ for Conservatives
Trump could never have won if this was already in place, says Newsmax CEO Chris Ruddy.
N
ewsmax ceo christopher Ruddy warned that the Federal Communications Commission, under Bren-
dan Carr, is moving to give the big TV networks massive reach — and push through a mega-merger of the anti- Trump Nexstar group. Current federal law limits any sta-
tion group or network, such as ABC, CBS, and NBC, from reaching more than 39% of U.S. households. The limit is part of the “TV owner-
ship cap” President Ronald Reagan fi rst established to block big networks from owning every local station in the country — and controlling local news. “Reagan understood if you have left- wing networks like ABC, NBC, and CBS — or groups like Nexstar today controlling every local station and
their local news — Republicans would have little chance to win in state and federal elections,” Ruddy told News- max’s Rob Finnerty. He added that if Carr’s plans had
been put into place 10 years ago, he doubted Donald Trump would have ever won the presidency or that the GOP would control Congress today.
Vanderbilt Law School professor
Brian T. Fitzpatrick, a respected con- servative legal scholar and former law clerk to the late Supreme Court Justice Antonin Scalia, fi led an ex parte brief before the FCC stating any plan by the Commission to change ownership rules without approval of Congress would be a clear violation of federal law. He also made clear that Com-
mission eff orts to allow networks to bypass the statutory cap using “side-
“If people in New York were deciding what the local news in Pittsburgh was or in Detroit or in Cleveland . . . it’s a very dangerous thing what the FCC is promulgating, and I think could be a disaster for conservatives around the country.”
Newsmax Sees Strong 3rd Quarter
Revenues up 10%, af iliate fees 22%. T
he company announced financial results for the
third quarter of 2025, showing significant growth with broadcast revenues up 10.1% and cable af iliate fees rising over 22%, year over year. “We are pleased to
announce another strong quarter that shows the power and consistency of our business, even in a non-
36 NEWSMAX | JANUARY 2026
election year when news audiences and advertising demand across the industry typically soften,” said Newsmax CEO Christopher Ruddy. “Our performance this
quarter reflects the strength of our diversified revenue model, the growing reach of our cable and FAST channels, and the continued engagement of
— Christopher Ruddy, Newsmax CEO
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