Home > Boards > US Listed > Media - Newspapers/Print > New Media Investment Group Inc. (NEWM)

New Media Announces Two Acquisitions with Total Purchase

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Enterprising Investor Member Profile
Member Level 
Followed By 205
Posts 10,682
Boards Moderated 10
Alias Born 04/05/09
160x600 placeholder
RadNet Set to Join S&P SmallCap 600 PR Newswire (US) - 11/14/2019 5:57:00 PM
New Media and Gannett Announce Shareholder Approvals of Merger Agreement Business Wire - 11/14/2019 10:22:00 AM
Current Report Filing (8-k) Edgar (US Regulatory) - 11/5/2019 6:06:45 AM
Amended Statement of Beneficial Ownership (sc 13d/a) Edgar (US Regulatory) - 10/31/2019 5:13:02 PM
Quarterly Report (10-q) Edgar (US Regulatory) - 10/31/2019 4:24:09 PM
Filing of Certain Prospectuses and Communications in Connection With Business Combination Transactions (425) Edgar (US Regulatory) - 10/31/2019 6:41:54 AM
Current Report Filing (8-k) Edgar (US Regulatory) - 10/31/2019 6:41:14 AM
New Media Announces Third Quarter 2019 Results Business Wire - 10/31/2019 6:30:00 AM
Current Report Filing (8-k) Edgar (US Regulatory) - 10/30/2019 6:17:35 AM
New Media and Gannett Announce the Board of Directors for the Combined Company Business Wire - 10/29/2019 4:48:00 PM
New Media Announces European Commission Regulatory Clearance for Merger with Gannett Business Wire - 10/23/2019 4:15:00 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 10/17/2019 7:47:03 AM
New Media Announces Dividend and Schedules Third Quarter 2019 Results Business Wire - 10/16/2019 6:45:00 AM
Notice of Effectiveness (effect) Edgar (US Regulatory) - 10/11/2019 6:00:53 AM
Prospectus Filed Pursuant to Rule 424(b)(3) (424b3) Edgar (US Regulatory) - 10/10/2019 5:18:37 PM
Registration Statement for Securities to Be Issued in Business Combination Transactions (s-4/a) Edgar (US Regulatory) - 10/3/2019 5:27:59 PM
Initial Statement of Beneficial Ownership (3) Edgar (US Regulatory) - 10/3/2019 5:02:52 PM
Initial Statement of Beneficial Ownership (3) Edgar (US Regulatory) - 10/3/2019 4:59:13 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 10/1/2019 6:05:29 AM
Filing of Certain Prospectuses and Communications in Connection With Business Combination Transactions (425) Edgar (US Regulatory) - 10/1/2019 6:01:47 AM
New Media Sets Date for Special Meeting of Shareholders to Vote on Merger Agreement with Gannett Business Wire - 9/30/2019 6:45:00 AM
Registration Statement for Securities to Be Issued in Business Combination Transactions (s-4/a) Edgar (US Regulatory) - 9/30/2019 6:03:14 AM
Filing of Certain Prospectuses and Communications in Connection With Business Combination Transactions (425) Edgar (US Regulatory) - 9/26/2019 3:13:47 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 9/26/2019 3:11:41 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 9/19/2019 4:50:21 PM
Enterprising Investor Member Level  Tuesday, 07/01/14 10:18:05 PM
Re: None
Post # of 60 
New Media Announces Two Acquisitions with Total Purchase Price of $15.3 million (7/01/14)

NEW YORK--(BUSINESS WIRE)--New Media Investment Group Inc. (“New Media” or the “Company”, NYSE:NEWM) announced today that it has completed two acquisitions with a total purchase price of $15.3 million. The two acquisitions are as follows:

American Consolidated Media Southwest (“ACM SW”) – The ACM SW operations are comprised of five daily, nine weekly newspapers and four shoppers centered on small-market communities in Texas, Oklahoma and Kansas. The regional publishing group’s assets are concentrated in Texas and have a total paid circulation of approximately 32,000 across all three states. The business also has a strong shopper group in south Texas with distribution to more than 225,000 households each week.
• Petersburg Progress-Index (“PPI”) – The assets include one daily newspaper, The Petersburg Progress-Index, as well as a weekly publication, The Colonial Voice, in a growing market 25 miles south of Richmond, Virginia. The Petersburg Progress-Index has a Sunday circulation of approximately 12,000 and daily circulation of 9,800.

New Media President and Chief Executive Officer, Michael E. Reed, said, “Today’s announced acquisitions highlight our continued success at purchasing high-quality, local media assets that fit within our operating and financial metrics. The ACM SW assets consist primarily of community newspapers in Texas that operate in markets where they are by far the leading source of local news and print advertising. The Petersburg Progress-Index in Virginia has a historic, 148-year presence in the community, and is positioned to continue its leading presence in its market for local news and information. We look forward to bringing these businesses and their respective employees into the New Media family and to further their traditions as vital partners to their local communities.

“To date we have purchased $105.3 million of local media assets. We look forward to the second half of the year as we continue to execute on our strategy and believe we have a great opportunity to create shareholder value.”

About New Media Investment Group

New Media is focused primarily on investing in a high quality, diversified portfolio of local media assets, and on growing existing advertising and digital marketing businesses. The Company is one of the largest publishers of locally based print and online media in the United States as measured by number of daily publications. Including the announced acquisitions, the Company will operate in 362 markets across 26 states. Including the announced acquisitions, New Media’s portfolio of products, which will include 449 community publications, 366 related websites, and six yellow page directories, will serve more than 130,000 business advertising accounts and will reach over 12 million people on a weekly basis.

For more information regarding New Media and to be added to our email distribution list, please visit www.newmediainv.com.

http://www.businesswire.com/news/home/20140701005672/en/Media-Announces-Acquisitions-Total-Purchase-Price-15.3#.U7NrlolOWUk

"Someone said it takes 30 years to be an instant success" - Gabriel Barbier-Mueller, CEO of Harwood International
Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist