Newsmax, the conservative South Florida media company, is not for sale and has no plans to enter into any agreements with outgoing President Donald Trump, founder and CEO Christopher Ruddy said Monday.
The company, based in Boca Raton, became the subject of a flurry of news reports over the weekend that certain “Trump allies” were interested in buying Newsmax with the aid of a private investment firm Hicks Equity Partners, which is based in Dallas.
“There was no real formal deal,” Ruddy said in a telephone interview Monday. “They just suggested they might have an interest. We’re not actively selling. My focus is building Newsmax into a major news property.”
A long-time friend of the president, Ruddy added he hasn’t talked to Trump about any media deals or any positions with Newsmax.
“I have not talked to him about it,” he said. “I don’t think he wants to own