Newsmax Stock Craters Nearly 50% After Sizzling IPO—But Valuation Still Tops New York Times, Other Media Peers

1. Newsmax shares dropped 45% from $20.7 billion to $11 billion market cap. 2. Despite losses, Newsmax remains valued significantly higher than Fox and NYT. 3. Newsmax's price-to-sales ratio is an extremely high 63.9 compared to S&P 2.9. 4. Revenue grew over 25% from 2023 to 2024, indicating potential growth. 5. Chris Ruddy claims Newsmax is positioned as a growth stock for investors.