Newsmax's CEO said Sunday that the news outlet "would never become ‘Trump TV,'" after a report claimed allies of President Donald Trump explored buying the cable channel.
Newsmax is "not actively selling" despite interest from investors, Ruddy continued.
“We listen to them, but our main focus is continuing: We would like to overtake Fox News in the next 12 months, and I think it’s do-able," he said.
Newsmax's ratings shot up some 156 percent during the week of the election as some viewers turned away from Fox because of disgust with how the election was handled.
Particularly rankling for conservatives was Fox's early call of Arizona for Democratic presidential nominee Joe Biden on election night, even though there were still hundreds of thousands of votes left to count.
Ruddy told the Journal: “Newsmax never had any deal with the Hicks group, and if it’s true they were using our name for the purposes of capital fundraising, that is wholly inappropriate."
Ruddy added to Variety: "Newsmax is moderately conservative and we will continue to have a moderately conservative viewpoint on things—including the president.”
Hicks Equity didn't respond to a request for comment.
Trump has repeatedly hit Fox in recent days. The network's "daytime ratings have completely collapsed," he wrote on Twitter on Nov. 12. "Weekend daytime even WORSE. Very sad to watch this happen, but they forgot what made them successful, what got them there. They forgot the Golden Goose. The biggest difference between the 2016 Election, and 2020, was @FoxNews!"
In a tweet over the weekend, the president said the network appears to have more Democrats on than Republicans, a sharp contrast to years past.
"Many great alternatives are forming & exist," he added. "Try @OANN & @newsmax , among others!"