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Newsmax was doing great for a few months there

Daily Beast: “For Newsmax, it looks like midnight is approaching, and the upstart TV channel is in danger of turning back into a pumpkin. The pro-Trump cable news network – which barely registered in Nielsen ratings for the first six years after its chief executive and majority owner, Chris Ruddy, launched it in May 2014 – prompted massive media attention for seemingly taking Fox News head-on in the aftermath of last year’s presidential election. Perhaps more than a Cinderella story, it was a wingnut media version of David versus Goliath. But now, a mere four months after the supposed slingshot to Fox News’ forehead, reality has intruded, and Newsmax finds itself smack-dab in the middle of a ratings collapse.”

“Many of the disaffected Trump supporters who initially flocked to Newsmax to gobble up unhinged election conspiracies challenging the legitimacy of Joe Biden’s presidency have faded away now that Biden is firmly ensconced and Fox News has pivoted to aggressive coverage of the Democratic establishment’s supposed war on Christianity, support for open borders and unlimited immigration, and ‘cancel culture’ that is allegedly depriving innocent children of their beloved Dr. Seuss books and Looney Tunes characters. While some Newsmax insiders feel that the plummeting viewership is much ado about nothing, as other cable news networks also experience a post-inaugural erosion, others suggest that the fledgling network’s days of hoping to compete head-to-head with Fox are all but over, and that Newsmax will inevitably return to the fringes.”

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