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Newsmax Lost $42 Million Last Year. Can an IPO Save The Network From Death By Dominion?
(www.mediaite.com)
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Article implies they want viewers to invest, but isn't this just a way to sell themselves to Sinclair or something?
I would be fine with Sinclair taking on the burden of Newsmax. If Newsmax continues on its libelous ways it will bankrupt this new Sinclair/Newsmax unholy chimera. Society at large would benefit from that.
My answer is no, they cannot.