Federal judge dismisses Newsmax's 'shotgun' antitrust lawsuit against Fox News
1. Judge dismissed Newsmax's antitrust lawsuit against Fox on procedural grounds. 2. Newsmax accused Fox of monopolizing right-leaning pay TV news market. 3. Cannon ruled lawsuit was a 'shotgun pleading' and allowed re-filing. 4. Fox's market cap exceeds $25 billion, significantly higher than Newsmax's $1.7 billion. 5. Fox stated Newsmax's lawsuit reflects their competitive failures in the market.