NewsMax Media
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Newsmax
Type Monthly newsmagazine
Format Magazine
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Owner Newsmax Media, Inc.
Editor Christopher W. Ruddy
Founded September 16, 1998
Headquarters 560 West Village Boulevard, Suite 120
West Palm Beach, FL 33409
ISSN 1546-5497
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Website: http://www.newsmax.com
Newsmax Media is a news organization founded by journalist Christopher W. Ruddy and based in West Palm Beach, Florida. It runs the Newsmax.com website and publishes Newsmax Magazine. Ruddy, who serves as editor-in-chief, describes Newsmax.com as “the leading independent online news site with a conservative perspective.”[1]
History
Christopher W. Ruddy started up Newsmax.com on September 16, 1998, supported by a group of conservative investors, including the family of the late CIA Director William J. Casey. Later Richard Mellon Scaife, his former employer at the Pittsburgh Tribune-Review and a supporter of conservative causes, invested in the fledging company.[2] One of the initial board members was author James Dale Davidson who edited a financial newsletter that had shared Ruddy’s interest in the Vincent Foster case. Davidson’s co-editor, Lord Rees-Mogg, former editor of the The Times and Vice Chair of the BBC, later became chairman of Newsmax Media.[3]
Other news figures who later joined the Newsmax board included Arnaud de Borchgrave, the longtime Newsweek chief correspondent who also serves as editor at large of UPI and Jeff Cunningham, former publisher of Forbes. The late Admiral Thomas Moorer, the former chairman of the Joint Chiefs of Staff who helped bring the Vietnam War to a close, also served as one of the company’s founding board members. Former Nixon Chief of Staff and Secretary of State Alexander M. Haig Jr. has served as special advisor to NewsMax.[1]
Ruddy aimed at creating an Internet news company by building a team of reporters instead of working alone. Some of these, like Carl Limbacher and Missy Kelly, were people known for posting on a Whitewater-related bulletin board at Prodigy (which also produced Jim Robinson, founder of Free Republic).[4] In August 2001, talk radio host Michael Reagan merged his monthly newsletter The Reagan Monitor with Newsmax Magazine and began writing a regular column for the publication.[5]
According to financial records for 2000 and 2001, Newsmax operated at a gross profit margin of 56.9 percent and 44.1 percent respectively, but corresponding operating income losses of $4.3 and $4.1 million resulted in net losses of $4.1 and $4.0 million.[2]
Controversial articles
After the mysterious disappearance of Chandra Levy in 2001, contributor John LeBoutillier allegedly posted a speculative column on the site about the sex life of Representative Gary Condit, with whom Levy had an affair. The column quickly circulated among media members, even though NewsMax editors pulled it from the site.[9]
On May 26, 2000, Newsmax published an article claiming Hillary Clinton refused to meet with the Gold Star Mothers.[4] According to the Gold Star Mothers organization, this was false and “Senator Clinton greeted us graciously on Gold Star Mothers Sunday, 2005. This story was also debunked at other websites[5] and eventually led to a retraction by NewsMax.[6]
A 2005 NewsMax.com report about Senator Rick Santorum of Pennsylvania, claiming he was “teaming up” with rock band U2 for a fund raiser, gained considerable attention. Santorum had actually purchased 66 tickets to a sold-out show and was reselling these to campaign supporters at $1,000 per seat. The band issued a statement denying it was involved in the practice, saying, “U2 concerts are categorically not fund-raisers for any politician; they are rock concerts for U2 fans.”[10] Rather than admitting the error and issuing a correction, NewsMax simply changed its article about the fund-raiser without telling readers it had been changed, stating that the story was misinterpreted.[7]
During the debate over the failed 2007 Immigration Bill, Newsmax popularized opposition to an alleged “North American Union,” a distopian vision of a future America where “NAU citizens no longer spend dollars or salute Old Glory. They spend “ameros.” [8] The “North American Union” is considered a conspiracy theory by popular conservatives such as Michael Medved [9], and has been debunked in the mainstream media. [10]
http://en.wikipedia.org/wiki/NewsMax
Nothing smells of fear and desperation like trying to pass off a right-wing cyber-tabloid as Journalistic Integrity. Go teach english, you lazy piece of sh*t, instead of living on the backs of Israeli taxpayers while wasting time on the internet.
Post Edited (01-07-08 14:56)