What Does The Future Hold For Newsmax?
His bid for Newsweek may have not panned out, but Newsmax Media founder Christopher Ruddy is looking to the future where his conservative magazine, Newsmax, is concerned. The company has about $2 million to spend on boosting its editorial staff over the next 18 months.
Ruddy told the New York Post that he plans to add about 20 employees to the magazine’s New York office and six to its offices in Washington. He also reports that revenues last year were around $34 million and foresees them jumping to $50 million this year.
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