New Media Investment Group (NEWM) Misses Q3 EPS by 7c

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Go back to New Media Investment Group (NEWM) Misses Q3 EPS by 7c

New Media Announces Solid Third Quarter 2016 Results and Increases Dividend to $0.35 per Common Share; Announces the Acquisition of Two Local Media Properties

October 27, 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 daily publications, today reported its financial results for the third quarter ended September 25, 2016.

Third Quarter 2016 Financial Summary

Declares a cash dividend of $0.35 per common share, a 6.1% increase to the prior quarter Total revenues of $306.8 million, a decrease of 1.7% to the prior year, and a... More