Earlier this week I posted a rumor I had heard regarding Newsmax TV. I didn’t post it here on the blog but on Twitter in 3 parts.
Rumor: Newsmax TV may soon lose DirecTV and Dish Network distribution. The alleged reason? Trouble making payments.
Newsmax TV may also be looking to make staffing reductions as the network may alter its format to one emphasizing call-in shows.
Newsmax’s highest rated show is Dennis Michael Lynch which averages 8k. But docs can draw double that number.
The reason I’m reposting this here is because I have received a statement from Newsmax CEO Chris Ruddy regarding this rumor. Because making Ruddy’s statement fit in with Twitter’s character restriction would be difficult, I am forced to post it here.
Newsmax is not having trouble making its payments to Dish or DirecTV; we are in good standing with both companies.
Additionally Newsmax is not making any unusual staff reductions. We are actually planning to expand our original programming, which will include more interactivity with users via Call-ins, Skype, and other Internet platforms. We expect to be expanding staff, not reducing it.
According to Rentrak, our monthly cume is up to close to 4 million monthly, up from 500,000 monthly 18 months ago, and our advertising revenue has more than tripled in two years.