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car” deals or redefinitions are also vio- lations of the law. Despite this, in late November,
Nexstar officially filed with the FCC for approval of its $6.2 billion merger with Tegna. If approved, the deal would create
the largest TV station group in the nation, owning 245 stations across 44 states and reaching more than 80% of U.S. households — well beyond the 39% limit. Asked if Trump supports FCC
efforts to overturn the cap, Ruddy said in decades of knowing the president, he has “never heard” him call for lift- ing the cap or giving big media compa- nies more power or reach. “It’s not a Trumpian agenda item,”
he said. The Nexstar deal is particularly
dangerous, he argued, because it would give the company immense power in 25 markets, allowing it to own two to four stations in each and giving it near-total control over local news. Ruddy noted that Americans still
say they get almost all their local news from TV broadcasters. Local control matters, he added,
because “if people in New York were deciding what the local news in Pitts- burgh was or in Detroit or in Cleve- land . . . it’s a very dangerous thing what the FCC is promulgating, and I think could be a disaster for conserva- tives around the country.” Already, there is growing opposition
to lifting the cap among conservatives, with groups like CPAC and OAN, the Trump-friendly cable channel, joining with Newsmax on the issue. Ruddy expressed surprise that Carr
and the FCC under Trump would be working to break federal rules to help Nexstar, a group that strongly opposed Trump. According to FEC filings, 78% of
Nexstar employees donated to Kama- la Harris, with the remaining amount going to Trump, in the last election. “It’s a very liberal company . . . and this is a violation of federal law to get them to increase to 80% reach across the nation.” Finnerty also noted that Nexstar
owns NewsNation, a liberal cable news network that has Chris Cuomo, the former CNN anchor, as its lead prime-time host, along with many other anti-Trumpers.
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audiences across all of our platforms.” Ruddy continued, “Since going public, we have focused on building a company positioned for sustainable, long-term growth. “Our strong balance sheet
and access to the public markets give us the flexibility to invest strategically, expand our distribution, and continue delivering compelling content that resonates with viewers. We remain focused on sustainable, long-term growth and on delivering consistent value for our shareholders.” Newsmax has significantly
expanded its distribution reach through multiple strategic initiatives, including:
Carr claims that lifting the cap
would allow the TV industry to compete with the growing power of Big Tech. “The answer to Big Tech consol-
idation is not to give left-wing TV broadcasters massive consolidation and power, too,” Ruddy said. “You don’t fix Big Tech consolidation by creating another industry with mas- sive left-wing consolidation.” Finnerty asked what people con-
cerned about the FCC plan could do. Ruddy responded, “People should
call their congressman, call their sena- tors, let Speaker Johnson know, Sen- ate Leader Thune know,” that they oppose lifting the 39% cap and the Nexstar merger.
What Can
You Do? Call your congressman or senators and tell them you oppose the FCC lifting the ownership caps — and that you oppose the Nexstar merger.
Call the Capitol switchboard at 202-224-3121.
Revenues of $45.3 million for the three-month period ended Sept. 30, 2025, representing a 4% year-over-year increase.
Securing a distribution
agreement with a leading hospitality provider, making Newsmax available in 900+ hotels and 300,000 hotel rooms nationwide. Partnering with Curb to bring
Newsmax programming to the Taxi TV platform, reaching over 15,000 screens across 65 U.S. markets, generating 2.3 billion annual impressions. Achieving major international
expansion through a partnership with Trump Media & Technology
Group, making Newsmax available globally on the Truth+ streaming platform across multiple devices and connected TV apps. Extending a multiyear
carriage partnership with Fubo, launching Newsmax en Español on Fubo’s Latino plan and Latino Plus add-on package.
Expanding international
news coverage with Carl Higbie broadcasting live from Israel, providing
JANUARY 2026 | NEWSMAX 37
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