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Elenowitz to Rob Schmitt: Newsmax IPO Moves Forward After SEC Action

www.newsmax.com · Sandy Fitzgerald · last updated
The Securities and Exchange Commission has qualified Newsmax to go public and complete its IPO, said Mark Elenowitz, managing director for Digital Offering LLC. Digital Offering is handling Newsmax’s IPO with an expected listing on the New York Stock Exchange on March 31, 2025.
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The traditional journalism business model has long since collapsed, and news organizations have shrunk or disappeared entirely. While a number of promising experiments are under way, the public has not shown a willingness to buy what news organizations are selling.

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