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Wednesday, 11/30/2016 7:07:14 PM

Wednesday, November 30, 2016 7:07:14 PM

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New Media Announces Pricing of Public Offering of Common Stock (11/18/16)

NEW YORK--(BUSINESS WIRE)--New Media Investment Group Inc. (“New Media” or the “Company”, NYSE:NEWM) announced today that it priced its public offering of 7,500,000 shares of its common stock for gross proceeds of approximately $120 million, before deducting underwriting discounts and commissions and offering expenses payable by the Company. The underwriter may offer the shares from time to time for sale in one or more transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices. In connection with the offering, the Company has granted the underwriter an option for 30 days to purchase up to an additional 1,125,000 shares of common stock. The offering is expected to close on November 23, 2016, subject to customary closing conditions.

New Media intends to use the net proceeds from this offering for general corporate purposes, which may include potential investments in, and acquisitions of, local media businesses and assets.

Morgan Stanley is the sole underwriter for the offering. The offering is being made pursuant to New Media’s effective shelf registration statement on Form S-3 filed with the U.S. Securities and Exchange Commission. The offering is being made only by means of a prospectus and a related prospectus supplement. Prospective investors should read the prospectus supplement and the prospectus in the registration statement on Form S-3 and other documents the Company has filed or will file with the Securities and Exchange Commission for more complete information about the Company and the offering. You may obtain these documents for free by visiting EDGAR on the U.S. Securities and Exchange Commission’s website at www.sec.gov. Alternatively, copies of the prospectus and prospectus supplement may be obtained from: Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, New York 10014, Attention: Prospectus Department.

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 its 121 daily publications. As of September 25, 2016, the Company operates in over 525 markets across 36 states. New Media’s portfolio of products, as of September 25, 2016, includes over 600 business and community publications and over 525 websites, serves more than 200,000 business advertising accounts, and reaches 20 million people on a weekly basis.

http://www.businesswire.com/news/home/20161118005118/en/Media-Announces-Pricing-Public-Offering-Common-Stock

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