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Why Is Newsmax’s Stock Surging? What to Know About the Right-Wing News Channel.

NYT - Media · Benjamin Mullin · last updated
Newsmax lost $55 million in the first half of last year. But its stock has surged this week as shares in the company traded on the public market for the first time.
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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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