Newsmax, a conservative news outlet, reportedly received a substantial investment of around $50 million from a member of the Qatari royal family.
This information was revealed through documents obtained by The Washington Post and confirmed by representatives from both Newsmax and the royal investment firm.
According to a report, Newsmax received an investment from Sheikh Sultan bin Jassim Al Thani, a former Qatari government official, through his London-based investment fund, Heritage Advisors.
During that period, Qatar found itself facing an economic and diplomatic blockade imposed by a coalition of neighboring Arab states, with the United Arab Emirates and Saudi Arabia at the forefront. Several nations have accused Qatar of supporting terrorism, a claim that Doha vehemently denies.
As per the recent report by the Post, Newsmax was seeking investors to rival major news networks such as Fox News.
According to insiders at Newsmax, there were allegations that they were pressured to tone down their reporting on Qatar, although the outlet denies these claims.
In the aftermath of the 2020 election, Dominion Voting Systems filed a lawsuit against the company, accusing them of defamation and seeking damages exceeding one billion dollars.
A trial for this case was scheduled for September, as determined by a judge last autumn.
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