Newsmax Signs Multi-Year Distribution Agreements with Major TV Distributors in Europe
Newsmax announced a series of multi-year distribution agreements with major TV distributors across Europe and the eastern Mediterranean. These partnerships with Free TV in France, HOT in Israel and Primetel in Cyprus will make the Newsmax channel available to millions of new households and demonstrates the Company's commitment to delivering independent U.S.-based news to international audiences. In addition, Newsmax has entered into a brand license agreement to launch early next year a local channel, "Newsmax Ukraine", available in the Ukrainian language. Free TV (France) - Free TV, one of France's leading telecommunications providers, has launched Newsmax on channel 351, reaching approximately 3.5 million households. This partnership strengthens Newsmax's presence in Western Europe and offers French viewers 24/7 access to both U.S. and global news. HOT - Newsmax is now available in English on channel 204 through HOT Israel, a major telecommunications and pay TV operator. The launch reaches more than 200,000 subscribers and expands Newsmax's footprint in a key U.S.-ally market, providing Israeli audiences with access to breaking news, political analysis and cultural coverage. Primetel - Newsmax has debuted on channel 241 via Primetel, a leading IPTV and telecom provider in Cyprus. Primetel subscribers can access Newsmax's live news, interviews and talk programming, further strengthening Newsmax's presence in the eastern Mediterranean region. Newsmax Ukraine - Newsmax has signed a brand license agreement for the launch of Newsmax Ukraine, a localized news channel expected to go live in the first half of 2026. The channel will operate under the Newsmax brand and editorial framework, marking an important step in the Company's Eastern European growth strategy and its commitment to expanding access to international news in the region.
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- Deep Condolences: Newsmax CEO Chris Ruddy stated that Michael Reagan was more than a political commentator; he embodied his father Ronald Reagan's legacy, passionately advocating for freedom, family, and faith throughout his life.
- Significant Impact: As a founding analyst for Newsmax, Michael Reagan played a crucial role in establishing the network as one of the nation's emerging and influential media platforms, which regularly reaches over 40 million Americans through its media properties.
- Media Influence: Newsmax, recognized as the fourth highest-rated news network, is available on all major pay TV providers and boasts over 20 million followers across its website and social media platforms, highlighting its significant position among U.S. news brands.
- Legacy Continuation: Michael Reagan's passing represents a profound loss for his family and American patriotism, and Newsmax will continue to honor his contributions and influence in the media industry.
- Listing Milestone: Versant Media Group began trading on Nasdaq on July 21, 2025, achieving a market capitalization of $6.8 billion, marking a significant moment as an independent media company and likely attracting investor interest.
- Stock Price Volatility: The stock opened at $55 per share on its debut but has since fallen to $46.65, reflecting market concerns over the challenges facing the traditional media industry amid a shift to streaming.
- Financial Performance: Versant reported $7.1 billion in revenue for 2024, down from $7.4 billion in 2023, indicating pressure on traditional TV operations as consumers move away from cable bundles.
- Debt Structure: The company plans to issue $2.75 billion in new senior secured debt to fund a $2.25 billion cash distribution to Comcast and bolster its balance sheet with an additional $500 million, with rating agencies maintaining a stable outlook despite the junk status of its debt.

- Public Listing: Versant Media debuted on Nasdaq on Monday with a market capitalization of $6.8 billion, marking its transition to an independent public media company following its spin-off from Comcast, which is expected to enhance its competitive position in the market.
- Stock Price Fluctuation: The stock opened at $55 per share during its initial trading but has since fallen to $46.65 as of last Friday, reflecting market concerns regarding the challenges faced by traditional media companies.
- Financial Performance: In 2024, Versant reported revenues of $7.1 billion, down from $7.4 billion in 2023, indicating pressure on traditional television operations as consumers shift towards streaming services.
- Debt Structure: Versant plans to issue $2.75 billion in new senior secured debt to fund a $2.25 billion cash distribution to Comcast and bolster its balance sheet, with credit ratings agencies assigning a BB rating, placing it in junk territory, yet its low debt levels are viewed as a significant advantage.
- Competitive Landscape: Fox Corp's market cap of nearly $31 billion significantly surpasses Newsmax's $1.1 billion, indicating Fox's strong competitive position in conservative news, expected to maintain its lead by the end of the decade.
- Financial Performance: Newsmax reported a net loss of $4.1 million in Q3 2025, while Fox achieved a profit of $690 million in the same quarter, highlighting a significant disparity in profitability that could affect investor confidence.
- Growth Potential: Mirum Pharmaceuticals experienced a 47% year-over-year revenue increase in Q3, contrasting with Newsmax's low single-digit revenue growth, suggesting that Mirum's rapid development in the pharmaceutical market may attract more investor interest.
- Advertising Market Outlook: The Trade Desk, with a market cap of $18.6 billion, is expected to surpass Newsmax in the next five years, demonstrating the strong growth potential of advertising technology companies, which may offer better returns for investors.
- User Base Expansion: Newsmax's recent expansion into Europe and the Middle East is expected to increase its audience beyond the 50 million Americans currently engaged, enhancing its international market presence.
- Competitive Pressure: With a market cap of $1.1 billion, Newsmax faces significant competition from Fox Corp, which boasts a market cap of nearly $31 billion, indicating potential challenges for Newsmax's future growth prospects.
- Financial Performance Comparison: In Q3 2025, Newsmax reported a net loss of $4.1 million, while Fox Corp achieved a profit of $690 million, highlighting the financial challenges Newsmax faces in achieving profitability.
- Advertising Revenue Dependency: Newsmax relies heavily on advertising revenue, but The Trade Desk, with a market cap of $18.6 billion and a gross margin of 78.81%, demonstrates strong competitive advantages in the advertising technology sector.
- IPO Performance: Newsmax went public on March 31, 2025, via Regulation A+, with shares surging over eightfold on the first day to $83.51 and rising another 179% the next day, but now trades at $9, indicating severe market valuation concerns.
- Valuation Imbalance: With a current market cap of $1.1 billion and an enterprise value of approximately $1.05 billion, Newsmax's projected revenue of $206 million next year results in a forward EV/sales ratio of 5.1, significantly higher than peers like Fox Corp and Sinclair, which trade at 2 and 1.45, respectively.
- Bleak Profit Outlook: Although Newsmax is a smaller, faster-growing company, its projected growth rate for next year is only 13.8%, and analysts expect it to reach near breakeven profitability by 2027, with earnings per share of just $0.12 in 2028, highlighting long-term profitability uncertainties.
- Limited Acquisition Potential: While Newsmax could leverage its high stock price for stock-based acquisitions of smaller, profitable competitors, there are currently no clear plans, and investors should remain cautious until valuations become more reasonable.










