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Posts Tagged ‘David Smith’

Will NewsmaxTV Be the QVC of News?

NewsmaxTVChris Ruddy is taking a business built on magazine subscriptions, newsletters, self-help books, and vitamin supplements and adding a cable channel to the mix.

Ruddy, the conservative (but registered Independent) co-founder of Newsmax, talks with BusinessWeek about his latest venture, NewsmaxTV, which, starting in June, will broadcast 9 hours a day from new studios in Boca Raton, FL. “Our goal is to be a little more boomer-oriented, more information-based rather than being vituperative and polarizing,” he says. As for the business, Ruddy says he’s prepared to pay cable systems to carry the channel, and can make money in other ways, including selling Newsmax’s consumer products on TV.

Every viewer is a potential customer for his newsletters and vitamins. He’s also exploring partnerships with other conservative media entrepreneurs, including Glenn Beck and David Smith, CEO of Sinclair Broadcast Group (SBGI), which in 2013 bought Washington, D.C.’s ABC affiliate WJLA-TV from Allbritton Communications. “Cable channels are getting between $2 and $8 per subscriber per month in advertising. My view is I need to make 60¢ per subscriber to break even … if I’m paying about 25¢ per subscriber in programming and 35¢ to the distributor. I already have the infrastructure to easily do this.”

The network will remain free on the Web and hopes to be in about 50 million homes through Dish Network, DirecTV and several cable systems. It will be years before NewsmaxTV will be truly competitive with other cable news networks, especially the one it will emulate most, Fox News which has been the most-watched cable news channel for 12 years.  But Ruddy will still try: “If we take 10 to 15 percent of the Fox audience and they are making $1 billion a year, then we are going to be hugely profitable.”

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The SportsNewser Interview: Holley Mangold

Holley Mangold went from an Internet sensation to a legitimate contender for the 2012 Olympic weightlifting team.

Mangold, the younger sister of New York Jets center Nick Mangold, played high school football at Archbishop Alter High School in Ohio. Instead of trying to pursue football in college, Holley, who tips in at 300 pounds, switched sports after her coach noticed how much she could lift.

She will be featured Thursday on MTV’s True Life: I’m The Big Girl, which documents her weight loss and her pursuit of the Olympics. SportsNewser spoke to Holley about following in her brother’s footsteps in high school and dealing with Internet bullies.

SportsNewser: What inspired you to get into weightlifting?

Holley Mangold: I think it started from me first playing football. I was in the weight room one day and my coach said I was pretty strong for a girl. I started off doing power lifting and switched over to weight lifting.

How is training going for the 2012 Olympics?

Training is going great. I did have surgery about four months ago, but two months after that surgery, I went and competed and was back up to the weight I was doing before. Right now I’m hitting numbers that I’ve never hit before. It’s going really good.

What are some of those numbers? Read more