New Media Investment Group (NEWM) Declares $0.33 Quarterly Dividend; 8.2% Yield

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Go back to New Media Investment Group (NEWM) Declares $0.33 Quarterly Dividend; 8.2% Yield

New Media Announces Solid First Quarter 2016 Results and Dividend of $0.33 per Common Share; Announces the Acquisition of Journal Multimedia for $18.0 Million

April 28, 2016 6:50 AM EDT

NEW YORK--(BUSINESS WIRE)-- New Media Investment Group Inc. (New Media or the Company, NYSE: NEWM), one of the largest publishers of locally based print and online media in the United States as measured by number of publications, today reported its financial results for the first quarter ended March 27, 2016.

First Quarter 2016 Financial Summary

New Media declares a cash dividend of $0.33 per common share Total revenues of $300.1 million, an increase of 19.7% to prior year, and a decrease of 5.1% on a same store basis, the third... More