Through Gandler Sports Group (GSG), he is majority owner of the English League One soccer team Leyton Orient and is a former co-owner of Paris FC.
Prior to founding Fubo in 2015, Gandler spent more
than 15 years in video sales in local broadcast and cable TV including at Scripps Networks Interactive, Time Warner Cable Media Sales, and NBCUniversal’s Tel- emundo Media. Gandler is a prominent figure in global sports and
media. Through Gandler Sports Group (GSG), he is majority owner of the English League One soccer team Leyton Orient and is a former co-owner of Paris FC. He serves on the board of directors of Bare-Knuckle
Fighting Championship (BKFC) and is a member of the esteemed Paley Media Council. Gandler has been named among Sports Business
Journal’s Power Players: Sports Streaming (2025), Goldman Sachs’ 100 Most Intriguing Entrepreneurs (2019), and Variety’s Dealmakers (2020, 2019).
depriving the company of any ability to present a full defense to the serious claims made before a jury, which ordi- narily decides upon such matters. Suppression of critical context: The
court indicated that it likely would refuse to allow the jury to hear that Fox News had already paid Dominion $787 million in a settlement — infor- mation Newsmax considered essen- tial for the jury to evaluate damages and for them to understand the plain- tiff was more than compensated for any potential harm it had alleged. Procedural irregularities: Domin-
ion initially sued Newsmax’s parent company rather than its broadcasting subsidiary, Newsmax Broadcasting LLC. Instead of dismissing the suit, Davis simply added the subsidiary and then, without notice or due process to Newsmax Broadcasting, he entered partial summary judgment against the subsidiary — even before it was served with a complaint in the lawsuit. Excessive and intrusive discovery: Dominion was permitted to comb
Newsmax Jumps 28.5% in Broadcast Revenue
N
ewsmax reported total quarterly revenues of
$46.4 million for the three- month period ended June 30, 2025, an 18.4% year-over- year increase. “We are excited to report
another strong quarter with impressive financial and operational results that demonstrate the power of our growing cable and FAST channels,” said Christopher Ruddy, chief executive oficer of Newsmax Inc. “Our second-quarter
revenue growth reflects the continued strength of our business model and the
resonance of our content with American audiences.” Total broadcasting
revenues increased from $29.6 million in the second quarter of 2024 to $38 million for the second quarter of 2025 — an increase of 28.5%. Advertising revenues
increased 26.2% year-over- year to $29.9 million due to higher Nielsen ratings, which translated to higher rates. Afiliate revenues
increased 7.3% year-over-year to $7.3 million driven by new contractual relationships and rate increases. The company ended the
quarter with $197.9 million in cash and short-term investments. Cash and cash equivalents was $33.8 million and short-term investment was $164.1 million.
through extensive communications including personal emails, cell text messages, and other documents of reporters and company executives that were completely unrelated to the issues in the case. The pattern of judicial rulings
that consistently denied Newsmax due process led the company to believe it would not receive a fair trial. Faced with these rulings and other constraints, Newsmax chose to settle the case. “The Delaware court under Judge
Davis effectively enforced a confis- cation of our property because our reporting was not always sympathetic to Joe Biden,” Newsmax CEO Christo- pher Ruddy said. “The actions taken against News-
max, and earlier against Fox News, represent a direct attack on free speech and a free press,” he said. Newsmax believes Davis’ rulings
and actions in Delaware threaten not only the company’s own rights but also broader constitutional freedoms
that will impact many other compa- nies and individuals in the future. “The judiciary’s willingness to pun-
ish news organizations for reporting on matters of urgent national debate undermines the role of the press in a free society,” the company declared. Newsmax likely could not have
been sued in Delaware had it not been incorporated there at the time Dominion Voting Systems filed its lawsuit. Newsmax encourages every business incorporated in Delaware to reconsider and exit the state, as it did to Florida.
Businesses should redomicile in jurisdictions that still believe in the rule of law and remain committed to protecting constitutional freedoms for all Americans. “With these matters resolved, Newsmax is positioned to con- tinue its mission: delivering accu- rate reporting, fostering vigorous debate, and ensuring Americans have access to diverse viewpoints,” the company said.
OCTOBER 2025 | NEWSMAX 39
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