Media Giant Newsmax Hit By Disturbing Report

The National Pulse released an alarming report Tuesday, suggesting that Newsmax, a conservative media outlet akin to Fox News, “softened its coverage of the Middle East kingdom of Qatar while pursuing a $50 million investment from a member of the country’s royal family.”

The major investment was alleged to come from Sheikh Sultan bin Jassim Al Thani, group CEO of Al Alfia Holding, a prominent Qatari-based investment group.

Newsmax employees claim they were instructed by executives, including CEO Christopher Ruddy, to “tone down criticism of the Muslim country.” The National Pulse has independently confirmed these directives from Ruddy to Newsmax staff.

Sheikh Al Thani’s investment occurred over 2019-2020, while he was also the owner of London-based hedge fund Heritage Advisors. Al Thani stated through attorneys that he “saw potential for the investment to be profitable.”

Leaked financial documents reveal that Al Thani’s investment may have been strategically motivated to benefit Qatar during its regional conflict with Saudi Arabia and the UAE. One document explicitly mentioned the investment was “set up with the intention of benefiting the State of Qatar.”

Sheikh Mohammed bin Hamad Al Thani, the younger brother of Qatar’s ruler, was named as the “option beneficiary” for the Newsmax shares. Al Thani’s attorneys claim that the documents indicating strategic intentions were “drawn up in error.”

Heritage Advisors was mentioned in the indictment of Senator Bob Menendez, accused of acting as an unregistered foreign agent for Egypt and Qatar, highlighting a potential connection to Al Thani.

Click here to read The National Pulse’s report.