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Monday, May 31, 2010
Report: Newsmax's Ruddy Looks At Buying Newsweek
Topic: Newsmax

The Wall Street Journal is reporting that Newsmax CEO Christopher Ruddy has shown interest in buying Newsweek magazine.

Ruddy already publishes Newsmax magazine, which somehow manages not to be as doctrinare right-wing as the Newsmax website, and which has steadily grown in circulation, so his interest in Newsweek is not as outlandish as it might seem.

Of course, Ruddy would be only the front man for such a purchase. The money would in all likelihood come from longtime funder Richard Mellon Scaife, who helped fund Newsmax's startup; he and Ruddy are now the sole owners of Newsmax Media.

Posted by Terry K. at 11:30 PM EDT

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