Newsmax to Join Russell 2000 and Russell 3000 Indexes

Rhea-AI Summary

Newsmax (NYSE:NMAX) announced its expected inclusion in the Russell 2000 Index and Russell 3000 Index, effective June 30, 2025. The company, which went public on NYSE in March 2025, operates the fourth highest-rated cable news network in the US according to Nielsen. Newsmax reaches over 40 million Americans through various platforms including Newsmax TV, Newsmax+ App, and Newsmax.com. The company recently expanded its distribution through Hulu+, increasing its penetration to approximately 60 million US homes. The Russell indexes, which are widely used by investment managers and institutional investors, have approximately $10.6 trillion in assets benchmarked against them. CEO Chris Ruddy expressed optimism that this inclusion will enhance Newsmax's visibility within the institutional investment community.

Positive

• Inclusion in prestigious Russell 2000 and Russell 3000 indexes increases visibility to institutional investors
• Recent expansion to Hulu+ increases distribution reach to 60 million US homes
• Strong market presence as fourth highest-rated cable news network
• Broad audience reach of over 40 million Americans across multiple platforms

Negative

• None.

Insights

Financial Markets Strategist

Newsmax's inclusion in Russell indices brings increased visibility and potential institutional investment, boosting liquidity for the recently public media company.

Newsmax's upcoming addition to the Russell 2000® and Russell 3000® indices represents a significant milestone for the recently public media company. Index inclusion typically drives passive fund buying, as the approximately $10.6 trillion in assets benchmarked against Russell's US indices will need to incorporate NMAX shares into their portfolios. This mechanical buying pressure often provides short-term share price support.

Beyond immediate trading implications, Russell index membership delivers three substantial benefits: enhanced visibility among institutional investors, improved liquidity through higher trading volumes, and increased credibility as the company meets the index's objective market capitalization requirements. For a media company like Newsmax that only went public in March, this rapid index inclusion signals market recognition of its $40+ million regular audience reach.

The timing aligns with Newsmax's recent operational momentum, including expanded distribution through Hulu+ that increases household penetration to approximately 60% of U.S. homes. This distribution expansion combined with index inclusion creates a dual catalyst that addresses both fundamental business growth and technical market demand.

While the Russell reconstitution happens annually, being added during the first eligible cycle following an IPO demonstrates that Newsmax has achieved sufficient market capitalization and liquidity to qualify, which serves as third-party validation of its public market presence as the self-described fourth-highest-rated cable news network according to Nielsen.

BOCA RATON, FL / ACCESS Newswire / June 2, 2025 / Newsmax Inc. (NYSE:NMAX) ("Newsmax" or the "Company") today announced that the Company expects to list on the U.S. small-cap Russell 2000^® Index, effective after the U.S. market opens on June 30, 2025, as part of the 2025 Russell indexes reconstitution.

Membership in the Russell 3000^® Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000^® Index or small-cap Russell 2000^® Index as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.

"The past year has been transformational for Newsmax, and we are pleased to see our shares will soon be added to the Russell 2000® Index, one of the market's leading performance benchmarks in North America," said Chris Ruddy, CEO of Newsmax.

Newsmax, a television and digital media company offering Americans independent news, went public on the NYSE in March.

Since then, Newsmax has made several major announcements, including expanded cable / pay TV distribution on Hulu+, putting Newsmax into top-tier penetration of around 60 million U.S. homes.

"We feel this addition of Newsmax on the Russell Index will help raise awareness and ownership of Newsmax within the institutional investment community," continued Ruddy.

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $10.6 trillion in assets are benchmarked against Russell's US indexes. Russell indexes are also part of FTSE Russell, a leading global index provider.

About Newsmax

Newsmax Media, Inc. operates Newsmax, the nation's fourth highest-rated cable news network, according to Nielsen. Newsmax is carried on all major cable, satellite systems, and virtual pay TV operators. Newsmax reaches more than 40 million Americans regularly through Newsmax TV, the Newsmax+ App, its popular website Newsmax.com, and publications like Newsmax Magazine. Reuters Institute says Newsmax is one of the top 12 U.S. news brands and Forbes has called us "a news powerhouse."

For more information, please visit Investor Relations | Newsmax Media, Inc.

About FTSE Russell, an LSEG Business

FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally. FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $18.1 trillion is benchmarked to FTSE Russell indexes. Leading asset owners, asset managers, ETF providers and investment banks choose FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives. A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering.

FTSE Russell is wholly owned by London Stock Exchange Group.

For more information, visit FTSE Russell.

Forward-Looking Statements

This communication contains forward-looking statements. From time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Forward-looking statements can be identified by those that are not historical in nature. The forward-looking statements discussed in this communication and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties and assumptions about us. Newsmax does not guarantee future results, performance or achievements. Moreover, neither we nor any other person assumes responsibility for the accuracy or completeness of any of these forward-looking statements. Forward-looking statements should not be relied upon as predictions of future events. We are under no duty to update any of these forward-looking statements after the date of this communication to conform our prior statements to actual results or revised expectations, and we do not intend to do so. Factors that may cause actual results to differ materially from current expectations include various factors, including but not limited to any changes in indications we have received from FTSE Russell regarding inclusion in certain indexes, our ability to change the direction of Newsmax, our ability to keep pace with new technology and changing market needs, the competitive environment of our business changes in domestic and global general economic and macro-economic conditions and/or uncertainties and factors set forth in the sections entitled "Risk Factors" in Newsmax's Annual Report on Form 10-K for the twelve months ended December 31, 2024, Newsmax's Quarterly Report on Form 10-Q for the three months ended March 31, 2025, and other filings Newsmax makes with the Securities and Exchange Commission. Nothing in this communication should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. Undue reliance should not be placed on forward-looking statements in this communication, which speak only as of the date they are made and are qualified in their entirety by reference to the cautionary statements herein.

Investor Contacts

Newsmax Investor Relations
ir@newsmax.com

SOURCE: Newsmax Inc.

View the original press release on ACCESS Newswire

FAQ

When will Newsmax (NMAX) be added to the Russell 2000 Index?

Newsmax will be added to the Russell 2000 Index effective June 30, 2025, as part of the 2025 Russell indexes reconstitution.

What is Newsmax's current distribution reach after the Hulu+ expansion?

Newsmax has reached top-tier penetration of approximately 60 million U.S. homes following its expansion to Hulu+.

What is Newsmax's ranking among cable news networks?

According to Nielsen, Newsmax is the fourth highest-rated cable news network in the United States.

When did Newsmax (NMAX) go public on the NYSE?

Newsmax went public on the NYSE in March 2025.

How many Americans does Newsmax reach through its various platforms?

Newsmax reaches more than 40 million Americans regularly through Newsmax TV, the Newsmax+ App, Newsmax.com, and publications like Newsmax Magazine.