New Media Announces Public Offering of Common Stock (9/17/14)
NEW YORK--(BUSINESS WIRE)--New Media Investment Group Inc. (“New Media” or the “Company”, NYSE: NEWM) announced today that it launched a public offering of 6,500,000 shares of its common stock pursuant to a registration statement on Form S-1 filed with the U.S. Securities and Exchange Commission. In connection with the offering, New Media has granted the underwriters an option for 30 days to purchase up to an additional 975,000 shares of New Media’s common stock.
New Media intends to use the net proceeds from this offering for working capital and other general corporate purposes, which may include potential investments in, and acquisitions of, local media businesses and assets.
Citigroup and Credit Suisse Securities (USA) LLC are the joint book-running managers for the offering. The offering is being made only by means of a prospectus. Copies of the prospectus may be obtained from: Citigroup, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, Telephone: (800) 831-9146; or Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, New York 10010, Telephone: (800) 221-1037, Email: firstname.lastname@example.org.
A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time that the registration statement becomes effective. This press release does not constitute an offer to sell or the solicitation of an offer to buy shares of common stock, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
About New Media Investment Group Inc.
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 the number of daily publications. The Company operates in over 360 markets across 27 states. New Media’s portfolio of products which include over 440 community publications, over 365 related websites, and six yellow page directories, serve more than 130,000 business advertising accounts and reach over 12 million people on a weekly basis. http://www.businesswire.com/news/home/20140917006375/en/Media-Announces-Public-Offering-Common-Stock#.VBt1SYl0yUk