Newsmax Inc's Business Segments

Newsmax Inc. is a holding company that owns 100% of Newsmax Media, Inc., which operates through six wholly-owned Florida limited liability subsidiaries: Newsmax Broadcasting, Newsmax Radio, Crown Atlantic Insurance, Humanix Publishing, Medix Select, and ROI Media Strategies. Newsmax Inc. functions as a television broadcaster and multi-platform content publisher, producing original news and editorial content distributed via TV news channels, digital and print publications, its website Newsmax.com, syndicated radio shows, podcasts, social media, and other platforms. The company generates revenue through advertising sales to third-party marketers and paid subscriptions to over a dozen digital and print products. Newsmax Broadcasting's content is available on major linear cable and satellite pay TV platforms, multichannel video programming distributors (MVPDs), and most over-the-top (OTT) streaming platforms via its free, ad-supported television channel Newsmax2, reaching over 100 million U.S. homes. Newsmax Media also licenses its channels and brands internationally for regional, national, and local television and digital media use. The company completed a private placement of Series B Preferred Stock in 2024 and conducted an initial public offering in March 2025, listing on the New York Stock Exchange under the ticker symbol "NMAX." It employs a dual-class stock structure with Class A and Class B Common Stock, featuring differentiated voting rights between the classes.

The registrant operates through two reportable segments: Broadcasting and Digital. The Broadcasting segment produces and licenses news, business news, and lifestyle content primarily distributed through multichannel video programming distributors (MVPDs) in the United States. It includes Newsmax Broadcasting, which offers programming on three channels: Newsmax, Newsmax2 (a free streaming channel), and World at War, which focuses on news and historical documentaries. Newsmax Radio provides programming via a nationally syndicated radio show and podcasts, including The Rob Carson Show, The Newsmax Daily with Tony Marino, The Gerry Callahan Show, and Greg Kelly Reports, extending its presence across broadcast, streaming, and digital media platforms. The Digital segment generates revenue through online advertising, subscriptions—including specialized newsletters and Newsmax Magazine—and e-commerce through subsidiaries that sell nutraceuticals and nonfiction books. This segment includes Humanix Publishing, which publishes books in politics, health, finance, history, religion, and current affairs, and Medix Select, which offers 22 nutraceutical products targeted at Newsmax Media's core demographic. Medix Select products are certified compliant with good manufacturing practices, formulated by medical doctors, and manufactured at FDA-registered third-party facilities.