Viewers and investors are showing powerful support for new media like Newsmax with the company raising $140 million before its planned public offering, Mark Elenowitz of Digital Offering LLC, said this week.

“I’ve been doing this for almost 34 years and we have not seen the demand as we’ve seen with Newsmax and I think it really speaks to the audience and the viewers and the supporters,” Elonowitz told Newsmax’s “American Agenda,” earlier this week.

Elenowitz is managing director of the Digital Offering, the bank handling Newsmax’s private share raise being completed before its expected IPO in early 2025, subject to SEC approval.

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