Newsmax CEO Chris Ruddy: The addition of YouTube TV is a huge development as an IPO for Network Looms

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Earlier this month, Newsmax announced that it had inked a deal to distribute on YouTube TV. This development was crucial in the network's path to its IPO, says CEO Chris Ruddy.

During an appearance on the network Rob Schmitt tonightChris Ruddy shared that the new agreement brings them into millions of homes where there were none before and that they will likely only grow.

“It was a huge development,” Ruddy told Schmitt. “We're on YouTube TV now and in the near future there will probably be 10 or 12 million households because there's NFL football on Sundays and the people who watch it seem to really like it.”

Ruddy added that third-quarter ratings were up 45% on key metrics compared to the previous quarter, adding that Newsmax's revenue also increased during the fiscal year.

“That’s a very good sign and we’ve just had such dramatic growth,” he said. “We believe it will be a great company in the future, but we also believe it is important for America that companies like Newsmax succeed.”

The company is currently in a private investment round before beginning its IPO and joining the New York Stock Exchange.