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Newman and his wife Gloria had a grown son and daughter and had been married for more than 30 years when they became the legal guardians of a young son of an MVSU graduate. As of 2005 Newman's demanding career had kept him from his dream of owning his own business. He told Contemporary Black Biography in a written statement that "I'm a frustrated entrepreneur."
Newman told CBB that the most important lesson learned during his career "is that you have to always be prepared for the unexpected, and when the unexpected happens, you must handle matters appropriately. Also, you should always have a contingency plan and be ready to execute it if necessary."
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