4/21/23 | Newsmax & Relievant *SEARCH*
Newsmax CEO Christopher Ruddy earned a master's degree in public policy from the London School of Economics and also studied at the Hebrew University of Jerusalem
Newsmax Media, Inc.
(or Newsmax.com, previously styled NewsMax) is an American cable news, political opinion commentary, and digital media company founded by Christopher Ruddy in 1998. It has been variously described as conservative,[10] right-wing[18] and far-right.[35] Newsmax Media divisions include its cable and broadcast channel Newsmax TV; its popular website Newsmax.com, which includes Newsmax Health and Newsmax Finance; and Newsmax magazine, its monthly print publication.
Newsmax launched a cable TV channel on June 16, 2014 to 35 million satellite subscribers through DirecTV and Dish Network.[36] As of May 2019, the network reaches about 75 million cable homes and has wide digital media player/mobile device availability.[37] The channel primarily broadcasts from Newsmax's New York studio on Manhattan's East Side, with two headquarters in Boca Raton, Florida and Washington, D.C.[38][39][40] Newsmax began broadcasting in the UK in October 2023, via Freeview Connect.[41]
The website has been described by The New York Times as a "potent force in conservative politics."[42] CEO Christopher Ruddy has attempted to position the network as a competitor to Fox News, including by hiring former Fox News hosts Rob Schmitt, Greg Kelly, Bob Sellers and Heather Childers.[43][44] The Washington Post described Newsmax as "a landing spot for cable news personalities in need of a new home," citing the network's airing of Mark Halperin and Bill O'Reilly following their resignations from other networks due to sexual harassment allegations.[45]
After the 2020 United States presidential election, Newsmax published numerous conspiracy theories made by President Donald Trump and the Trump campaign about voter fraud in the 2020 election, though the network never confirmed the veracity of the statements and accepted the election of Joe Biden as duly elected President.[46][47][48] Newsmax later issued an apology and publicly retracted any voter fraud conspiracy allegations.[49] When asked about Newsmax's support of former President Trump, Ruddy stated, "We have an editorial policy of being supportive of the president and his policies".[50]
In 2021, the channel was sued by Dominion Voting Systems and Smartmatic for promoting false claims that the companies had engaged in election fraud during the 2020 presidential election.[51][52] DirecTV dropped Newsmax from its lineup in January 2023, after the companies failed to agree on contract terms.[53][54] In response, forty-two House Republicans signed a letter to DirecTV executives attacking the removal as an act of "suppressing politically disfavored speech."[55] The two companies were able to resolve the dispute and DirecTV resumed broadcasting Newsmax on March 23, 2023.[56]
Type of site:
News and opinion
Available in:
English
Owner:
Newsmax Media
Created by:
Editor:
Christopher Ruddy
Key people:
Christopher Ruddy (CEO)
David J. Perel (Director)
Kenneth Chandler (Editor)
URL:
Launched:
September 16, 1998; 25 years ago
Acquisition reports
On November 15, 2020, The Wall Street Journal reported that Hicks Equity Partners, a private equity firm with ties to a co-chair of the Republican National Committee, was exploring a buyout of Newsmax. The Hicks group identified a team of executives who would manage the network, and had been talking to former Fox News hosts including Megyn Kelly.[83] Media analyst Michael Nathanson reported that if a competing network took 20% of Fox News' audience, it could sap about $200 million in annual profit from the company. In an interview with Variety, Newsmax CEO Christopher Ruddy stated "we are not actively selling" the company though he had expressions of interests from investors. Regarding Hicks Equity Partners, Ruddy stated, "we have no deal with them."[80] Ruddy stated that "We would like to overtake Fox News in 12 months, and I think it's doable."[84]
News integrity issues
In 2018, the Qatari government sought to acquire a major stake in Newsmax in order to "win friends and clout in the United States as it struggle[s] to respond to a Trump-endorsed blockade by its Arab neighbors."[120]
Media Matters reported that during the COVID-19 pandemic in the United States, Newsmax sent a marketing email to its subscriber list asserting that "the WORST thing you could do is get a vaccine when it becomes available" because "vaccines are one of the biggest health scares of our lifetime—a scam perpetuated among the American people." It instead encouraged subscription to a health newsletter and dietary supplements.[121]
When contacted by Newsweek, Newsmax issued a statement saying "This marketing material was inadvertently published and it does not reflect the views of Newsmax."[122]
Newsmax has since strongly endorsed the Biden administration's efforts to have Americans get vaccinated.[123]
https://en.wikipedia.org/wiki/Newsmax
Christopher Ruddy
(born January 28, 1965) is an American journalist who is the CEO and majority owner[1] of Newsmax Media.
Background
Ruddy grew up on Long Island in Williston Park, New York, where his father was a police officer in Nassau County.[2] He graduated from Chaminade High School in Mineola, New York before graduating summa cum laude with a degree in history from St. John's University, New York in 1987.[3] He earned a master's degree in public policy from the London School of Economics and also studied at the Hebrew University of Jerusalem as an undergrad.[4] He worked briefly as a bilingual high school social studies teacher in the Bronx, New York.[5] Ruddy holds an Honorary Doctorate of Letters from St. John's University.[6]
Early in his career, Ruddy was editor in chief of a conservative monthly periodical known as the New York Guardian. While with the NY Guardian, Ruddy debunked a story in the PBS documentary Liberators: Fighting on Two Fronts in World War II that an all-black army unit had liberated the Buchenwald and Dachau concentration camps.[7]
Ruddy called the documentary an example of "how the media can manipulate facts and narratives to create a revised history both believable and untrue similar to the events of 9/11."[8]
Ruddy then moved to the New York Post, which he joined as an investigative reporter late in the summer of 1993. After initially writing about abuse of Social Security disability benefits, he focused on the Whitewater scandal involving then-president Bill Clinton.[9]
In 1995 he joined the Pittsburgh Tribune-Review as a national correspondent covering the Clinton White House and other topics.[10]
Ruddy has studied as a Media Fellow with the Hoover Institution. Ruddy serves on the board of directors of the Financial Publishers Association (FIPA),[11] an industry trade group whose goal is "to share knowledge of best business practices to help our members' publications grow and prosper, while empowering readers with unbiased, independent information".[12]
He is a member of the International Council, chaired by Henry Kissinger, at the CSIS, a bipartisan Washington, D.C., think tank focused on national security and foreign affairs.[13] Ruddy also served as a representative on the U.S. delegation headed by Senators Joseph Lieberman and Lindsey Graham to the NATO 44th Munich Security Conference.[14]
From 2009 to 2013, Ruddy served on the board of directors of the American Swiss Foundation, a nonprofit organization that fosters relations between the two countries. In 2015 he was elected to the board of directors of the Zweig Fund and the Zweig Total Return Funds, two New York Stock Exchange-traded closed-end funds managed by Virtus.[15]
In January 2010, Britain's Daily Telegraph ranked Ruddy as one of the "100 Most Influential Conservatives" in the U.S. The paper said: "Chris Ruddy is an increasingly powerful and influential player in the conservative media and beyond."[16]
Ruddy has been both a "Patron"[17] and a "Sustaining Donor"[18] to the Wikimedia Foundation. He is an alumnus of the American Swiss Foundation.[19]
Newsmax
Main article: Newsmax Media
Following Ruddy's work at the Pittsburgh Tribune-Review, he started Newsmax with the owner of the Tribune-Review, Richard Mellon Scaife, and a $25,000 investment in 1998. They raised $15 million from 200 private investors, whom they subsequently bought out (in 2000). Ruddy then owned a 60 percent stake, with the rest owned by Scaife as a silent partner.[20] Richard Scaife died in 2014 at the age of 82.[21]
Journalism
New York Post editor Eric Breindel recommended Ruddy for a job at the Pittsburgh Tribune-Review owned by Richard Mellon Scaife.[22] In November 1994, Ruddy was hired to investigate the story full-time by the Tribune-Review.[23] In between Ruddy's departure from the Post and joining the Tribune-Review, he put out a report through the Western Journalism Center criticizing the Fiske investigation as inadequate. With the help of Scaife, the Center took out full-page ads in major newspapers to promote the report (Scaife gave $330,000 to the Center in 1994–95 before ending his support).[24][25]
Ruddy's discussion of questions regarding the death of White House counsel Vince Foster drew mixed reactions. Ruddy claimed that Park Police had staged the scene of Foster's death as described in their reports.[26] One of the officers named by Ruddy sued him along with the Western Journalism Center, seeking $2 million in damages for libel.[27] The suit was dismissed because Ruddy had said nothing libelous "of and concerning the officer."[28]
Ruddy later built on his work on the Foster case for his book The Strange Death of Vincent Foster. In reviewing the book, Richard Brookhiser of the National Review called it "the St. Mark version of the gospel of the Foster cover-up: a plain narrative of the perceived failings of the official investigation, with minimal speculation."[29] Shortly after the book came out, Fiske's successor as independent counsel, Kenneth Starr, released his report from the third investigation into Foster's death. Starr also concluded that Foster had committed suicide.[citation needed]
Ruddy ended his investigative reporting after founding Newsmax, but continues to write an occasional blog while he shapes overall editorial policy. He told Jeremy Peters of The New York Times that his outlets provide "news that Americans in the heartland would like to see."[10]
Politics
Ruddy describes himself as a libertarian conservative and "Reaganite", though he is not registered as a Republican.[10]
Throughout his career, Ruddy has often staked out positions at variance with the Republican Party. For example, Ruddy broke with the Bush administration on the Iraq War, and was one of the first conservatives to do so. "I came out very strongly against the war in Iraq when it wasn't in vogue, back in 2004," Ruddy told The Palm Beach Post. "I lost some subscribers. But we are close to spending a trillion dollars on the war and there is no exit strategy," he added. "Lots of Republicans and conservatives are not that gung-ho on the war anymore and I think we broke the ice."
Bill Clinton
The Palm Beach Post interview also noted that Ruddy, disenchanted by the war and runaway federal spending under Bush, re-evaluated the Clinton years and offered a kinder view of the administration he once criticized.[citation needed] Compared with his reporting during Bill Clinton's presidency, Ruddy eventually took a more subdued view to Hillary Clinton's presidential campaign. He said she had moderated and no longer generated the same animosity among conservatives. Ruddy told The New York Times he and Scaife had changed their views: "Both of us have had a rethinking. Clinton wasn't such a bad president. In fact, he was a pretty good president in a lot of ways, and Dick feels that way today."[30]
In the fall of 2007, Ruddy published a positive interview with former president Clinton on Newsmax.com, followed by a positive cover story in Newsmax magazine. The New York Times said with reference to the event that politics had made "strange bedfellows."[31]
Newsweek reported Ruddy praised Clinton for his foundation's global work, and explained that the interview, as well as a private lunch he and Scaife had had with Clinton (which Ruddy says was orchestrated by Ed Koch), were due to the shared view of himself and Scaife that Clinton was doing important work representing the U.S. globally while America was the target of criticism. He also said that he and Scaife had never suggested Clinton was involved in Foster's death, nor had they spread allegations about Bill Clinton's sex scandals, although their work may have encouraged others.[32] Ruddy and Scaife again met Clinton for lunch at his office in September 2008. "We had a great time with him," Ruddy said of the meeting. He added, "We consider Bill Clinton a friend and he considers us friends."[33] Forbes indicated the relationship between Ruddy and Clinton has continued and described them as "lunch chums."[34]
During a 2010 campaign swing through Florida, President Clinton departed from his schedule to make a visit to Newsmax's offices in West Palm Beach. After a private meeting with Ruddy, Clinton toured Newsmax's offices and met with its staff.[35]
A May 2009 Sunday magazine profile in The New York Times on the former president, "The Mellowing of William Jefferson Clinton," offered more details of the relationship between Ruddy and Clinton. The Arkansas Times said details about the friendship between Ruddy and Clinton in The New York Times profile was the "most amazing revelation" of their profile of the former president. Ruddy told the Times though he remained a "Reagan conservative", he had re-evaluated the Clinton presidency and suggested he had earned high marks as president for success in ending welfare, keeping government in check, and supporting free trade. Ruddy also noted that the Clinton Foundation was doing remarkable work globally.[36]
In July 2012, Ruddy was a member of the official delegation that accompanied President Clinton on his five-nation tour of Africa, reviewing Clinton Foundation initiatives in the area of health care, HIV/AIDS programs, education, and poverty alleviation.[37]
During the delegation's visit to Maputo, Mozambique, Ruddy blogged for the Clinton Foundation website, "The Clinton Foundation demonstrates that public-private partnerships and strategic engagement of private citizens, community members, and local governments can achieve great results in health care. And as I saw firsthand today in Mozambique, this work is innovative in its scope and in its purpose – which is to ensure governments can own and maintain their own health care systems without further reliance on aid. I applaud the Clinton Foundation for bringing together groups and individuals from all sides of the political spectrum to build a world that's more equal, more sustainable, and that benefits us all."[37]
Donald Trump
Ruddy is a confidant of Donald Trump.[1][38][39][40] While speaking with Politico, he addressed the occurrence of significant tweets from the President on Friday nights and Saturdays. Ruddy said, "He understands the news cycle. ... It's an opportunity to get out news on a Saturday, when other news organizations aren't pushing too much new. He realizes that Saturday is a free media day for him." The story described Ruddy as a Mar-a-Lago member and longtime friend of Trump's.[41]
On June 12, 2017, Ruddy claimed that Trump met with Robert Mueller to offer him the job of FBI Director just days before it was announced that he would be appointed special counsel for the Russian investigation. Ruddy did not provide any proof of this. He also claimed in the same interview that Trump was considering terminating Mueller's position as special prosecutor. However, it was not clear if this was based on Trump's comments or the comments of his lawyer made during the previous week.[42]
Joe Biden
In July 2021, Ruddy published an op-ed via Newsmax that praised President Joe Biden for his efforts to prioritize the rollout of COVID-19 vaccines in the United States, stating that he "inherited an effective vaccine from President Donald Trump, took it into his arms, and ran with it", and that "for the moment, we as Americans can applaud President Biden’s success with the vaccine rollout. It is saving countless lives — and that is a good thing." He also praised the Biden administration for encouraging the easing of health orders such as mask mandates. The op-ed, however, came amid criticism of the Newsmax TV channel for having aired an interview with anti-vaccination advocate Peter A. McCullough.[43][44]
Publications
Books
Vincent Foster: The Ruddy Investigation (United Publishing Company, 1996)
The Strange Death of Vincent Foster: An Investigation (Free Press, Simon & Schuster, 1997. ISBN 0-684-83837-0.)
Bitter Legacy: NewsMax Reveals the Untold Story of the Clinton-Gore Years (NewsMax Media, 2002. ISBN 0-9716807-3-6.)
https://en.wikipedia.org/wiki/Christopher_Ruddy
Relievant Medsystems, Inc.
Corporate Headquarters
Edina, MN 55439
https://www.relievant.com/
Boston Scientific Announces Agreement to Acquire Relievant Medsystems, Inc.
MARLBOROUGH, Mass., Sept. 19, 2023 /PRNewswire/ -- Boston Scientific Corporation (NYSE: BSX) today announced it has entered into a definitive agreement to acquire Relievant Medsystems, Inc., a privately held medical technology company that has developed and commercialized the Intracept® Intraosseous Nerve Ablation System to treat vertebrogenic pain, a form of chronic low back pain. The transaction includes an upfront cash payment of $850 million and undisclosed additional contingent payments based on sales performance over the next three years.
As the only U.S. Food and Drug Administration-cleared system for vertebrogenic pain, the Intracept system is a minimally invasive, implant-free outpatient procedure. The therapy uses targeted radiofrequency energy to stop the basivertebral nerve from transmitting pain signals to the brain and is designed to improve function and provide long-term relief. In the U.S., there is an estimated population of approximately 5.3 million people living with vertebrogenic pain.1
″We anticipate this novel, clinically-backed technology can support our category leadership strategy while expanding access to care for individuals who need personalized treatment,″ said Jim Cassidy, president, Neuromodulation, Boston Scientific. ″Upon close, we look forward to working with the Relievant team to explore opportunities to bring this high-growth therapy to a wider population of people living with chronic low back pain.″
Boston Scientific expects to close the transaction in the first half of 2024, subject to satisfaction of customary closing conditions. Relievant is expected to generate sales in excess of $70 million in 2023 and to deliver year-over-year growth in excess of 50% in 2024. On an adjusted basis, the transaction is expected to be immaterial to adjusted earnings per share (EPS) in 2024, slightly accretive in 2025, and increasingly accretive thereafter. On a GAAP basis, the transaction is expected to be more dilutive due to amortization expense and acquisition-related charges.
"Today is an exciting step forward to shaping the future of chronic low back pain with Boston Scientific as a leader in the interventional chronic pain space,″ said Tyler Binney, president and CEO of Relievant. ″This is a testament to the exceptionally talented Relievant team and the innovative engine behind the Intracept system. Together with Boston Scientific, we can accelerate our journey to provide life-changing relief to patients by transforming the diagnosis and treatment of vertebrogenic pain.″
https://news.bostonscientific.com/2023-09-19-Boston-Scientific-Announces-Agreement-to-Acquire-Relievant-Medsystems,-Inc
Tyler Binney
President and Chief Executive Officer
Tyler Binney joined Relievant as President and CEO in April 2021. Prior to joining Relievant, Tyler served as President & General Manager of Interventional Urology at Teleflex and as Vice President of Sales for NeoTract, Inc. (acquired by Teleflex in 2017). Prior to his tenure at NeoTract, Tyler served in multiple leadership roles in sales & marketing within two business units at Johnson & Johnson (Acclarent and Cordis). Tyler has a proven track record for success establishing new markets and standards of care for disruptive technology with a passion for commercial strategy and execution. With over 20 years of experience in the medical device industry, Tyler has been an instrumental leader in developing high-growth companies and talented teams with best-in-class company cultures throughout his career. Tyler holds a Bachelor of Science in Biology from Presbyterian College.