Newsmax claims the competitor is a monopoly and illegal blocks competition
Transcript:
CAROLINE WOODS: Newsmax is taking Fox News to court.
The conservative news network filed an antitrust lawsuit in federal court in Florida Wednesday, claiming Fox used its dominance in right-leaning pay TV to pressure distributors into sidelining competitors, including Newsmax.
CEO Chris Ruddy says Fox “profited for years from intimidation and exclusionary contracts,” and that without Fox’s practices, it “would have achieved greater pay TV distribution, grown its audience and ratings sooner, gained earlier critical mass for major advertisers, and become a more valuable media property.”
Fox pushed back, saying “Newsmax cannot sue their way out of their own competitive failures in the marketplace to chase headlines simply because they can’t attract viewers.”
For perspective: Fox News averages roughly 3 million prime-time viewers, while Newsmax draws less than 300,000, according to MSNBC.
Newsmax is seeking monetary damages and wants the court to block Fox from keeping what it calls exclusionary contracts. If successful, Fox could face triple damages under federal law.
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