Statement of Newsmax CEO Chris Ruddy on Murdoch Announcement

Newsmax CEO Chris Ruddy reacted to Thursday's news that Rupert Murdoch is retiring from the Fox and News Corporation boards. 

Ruddy's statement read:

"Over many decades no other individual has had such a tremendous impact on the media landscape as Rupert Murdoch. His contributions to the news industry across several continents have been enormous, helping to ensure a balanced and truly free media. Newsmax has benefited from his contributions and we will continue his efforts to promote a free press, a cornerstone to a free society."