According to new reports Qatar is seeking to invest in Newsmax which would give them a foothold in Conservative media.
The Qatari government has sought to acquire a major stake in Newsmax, the conservative media company run by President Donald Trump’s friend Chris Ruddy, according to two people with knowledge of the talks.
Qatari officials met with Newsmax representatives on multiple occasions this year, according to the people familiar with the dealings. Ruddy, reached for comment, declined to address specific questions, saying only “this is all false.”
It goes on
The two people familiar with Qatar’s interest in Newsmax say the talks with the company have been overseen by Mohammed bin Hamad bin Khalifa Al Thani, a younger brother of Qatari Emir Tamim bin Hamad Al Thani. They came during a mad scramble by the wealthy Gulf monarchy to win friends and clout in the United States as it struggled to respond to a Trump-endorsed blockade by its Arab neighbors.
The current status of the talks is unclear. An investment would make the Qataris business partners with an influential confidant of the president and bolster their clout in the world of conservative U.S. media. Trump initially endorsed efforts by Saudi Arabia and other Persian Gulf states to isolate Qatar last summer, calling it a “funder of terrorism.” But the president has since softened his stance as a months-long lobbying campaign by the country appears to be yielding results.
The number Qatar might invest has been rumored to be around $90 million and will likely go towards Newsmax TV. The hopes of Newsmax is to become a rival to Fox News within Conservative Circles.
Foreign investment in any media company will certainly raise red flags. Qatar has been accused of funding Terrorism and is allies with Iran.