Newsmax is a conservative-leaning cable news company built around its 24/7 Newsmax news channel, which targets viewers aged 45 and older. The channel is available in over 58 million U.S. pay TV homes through major distributors including DirecTV, Dish, Comcast, Charter, and Verizon. Beyond linear cable, Newsmax distributes content through Newsmax2, a free ad-supported streaming channel, and Newsmax+, a paid streaming service priced at $49.99/year or $4.99/month with over 263,000 subscribers. Newsmax operates two segments: Broadcasting (~81% of revenue) and Digital (~19%). Broadcasting revenue comes from affiliate fees paid by cable and satellite distributors on a per-subscriber basis, TV advertising, streaming advertising, and Newsmax+ subscriptions. The Digital segment includes online and email advertising on Newsmax.com, paid health and financial newsletter subscriptions, nutraceutical sales through Medix Select, and book publishing through Humanix Publishing. Newsmax's business benefits from a flywheel dynamic: TV audience growth drives advertiser demand and affiliate fee leverage, while a large email list and 23M+ social following cross-sell subscriptions and supplements. Newsmax argues its per-subscriber affiliate fee lags far behind Fox News, positioning it to seek higher rates as ratings grow. Internationally, Newsmax is now available in over 100 countries and has licensed its brand to operators across Europe, the Middle East, and Latin America.