Well, there will still be Newsmax2 (N2) streaming for free on the LiveTV channels. There is still John Bachmann, Chris Salcedo, and Ed Henry has a new show on it.
Newsmax2 may just be more of how early Newsmax looked (a little lesser known personalities) and the Newsmax+ will be for the larger personalities.
Schedule for Newsmax2 - https://www.tvpassport.com/tv-listings/stations/newsmax2/37081
---
Edited to add... Similar to the OANN method. OAN became the subscription live streaming news, and OAN+ was the free OTT offering showing replays of the different shows and highlights from the day. KlowdTV (https://channelstore.roku.com/details/dd2db9163eda3401f069e2529b1ef4bb/klowdtv) offers a 2.50/mo package for OAN, so will keep an eye out to see if they can add Newsmax+ to their lineup (as they carry Newsmax) for a discounted rate as well. Unlikely to subscribe, but will certainly pass on info to the Roku Community for those that wish to do so.