CNN’s ‘Reliable Sources’ Interviews Newsmax Co-Founder About Plan To Launch Fox News Competitor: Video

CNN’s Reliable Sources this morning interviews Newsmax co-founder Chris Ruddy about his plans to take on Fox News Channel with the June launch of a new cable news network called NewsmaxTV. “The boomer market, which we’re focusing on, has 80 million Americans. There’s really not much on cable servicing them,” Ruddy tells host Brian Stelter. BusinessWeek has called the new network “either a misguided fantasy or a cunningly disruptive business plan.” Newsmax.com, launched in 1998, had more than 11.5 million visitors in January, according to ComScore. Watch a preview here: