A federal judge in Florida dismissed cable news channel Newsmax’s antitrust lawsuit against rival Fox News Friday, but kept the door open for Newsmax to refile its complaint https://t.co/KSw8OglhCG ...

Conservative cable-news channel Newsmax filed an antitrust lawsuit against larger rival Fox News in a federal court in Florida https://t.co/W3b3PpvZfQ ...

Core Viewpoint - Newsmax has filed an antitrust lawsuit against Fox Corp., alleging that it holds an illegal monopoly in the right-leaning pay TV news market, engaging in exclusionary practices to maintain its dominance [1][9]. Group 1: Allegations Against Fox Corp. - Newsmax claims that Fox's anticompetitive behavior has hindered its growth and distribution potential, asserting that it could have become a more valuable media company without such interference [2]. - The lawsuit alleges that Fox pressures distributors into unfair agreements that prevent them from carrying competitors like Newsmax, imposing financial penalties for doing so [3][10]. - Newsmax cites internal communications from Fox leaders, revealed during a separate defamation lawsuit, indicating that Fox views Newsmax as a significant competitive threat [4][5]. Group 2: Impact on Competition - The lawsuit argues that Fox's actions have harmed competition, restricted consumer choice, and led to higher prices for consumers in the right-leaning news market [9]. - Newsmax contends that most distributors comply with Fox's restrictions due to a lack of alternatives, effectively coercing them into excluding Newsmax from their offerings [10]. - The complaint states that Fox sometimes refuses to license its popular channels unless distributors agree to disadvantage rival networks like Newsmax [11]. Group 3: Legal Proceedings - Newsmax is seeking a jury trial and unspecified monetary damages, aiming for a court declaration that Fox has violated federal and state antitrust laws [11].

Core Viewpoint - Newsmax has filed a lawsuit against Fox News, alleging that Fox has engaged in anticompetitive behavior to maintain its monopoly in the right-leaning pay TV news market, thereby harming competitors like Newsmax [2][4][5]. Group 1: Allegations Against Fox News - Newsmax claims that Fox News has used various strategies to coerce distributors into not carrying or marginalizing other right-leaning news channels [4]. - The lawsuit alleges that Fox makes access to its content conditional on distributors agreeing not to carry competing channels, either explicitly or tacitly [4][5]. - Financial penalties are imposed by Fox on distributors who carry competing channels, requiring them to pay high fees for less popular Fox channels [5]. Group 2: Legal Actions and Demands - Newsmax seeks a permanent injunction to prevent Fox from enforcing its allegedly exclusionary agreements [6]. - The company is also pursuing damages amounting to three times the losses it claims to have suffered due to Fox's actions, along with pre- and post-judgment interest at the highest legal rate [6].

Exclusive: Cable news network MSNBC will adopt the new name MS NOW ahead of its spinoff from NBCUniversal https://t.co/Dh3r4nOE4g ...

The recent IPO has pulled back since an initial surge.In a relatively quiet year for IPOs, Newsmax (NMAX -0.67%), the conservative media network, has gotten a lot of attention.Newsmax stock initially soared out of the gate, jumping to $265 a share on April 1, the day after its IPO. It surged because of a limited float in the offering, and a perception that the stock would benefit from the Trump administration, as its politics and media coverage are aligned with President Donald Trump.Since then, the stock h ...