New Media Investment Group (NEWM) Misses Q4 EPS by 13c

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Go back to New Media Investment Group (NEWM) Misses Q4 EPS by 13c

New Media Announces Solid Fourth Quarter & Full Year 2016 Results and Dividend of $0.35 per Common Share

February 21, 2017 6:50 AM EST

NEW YORK--(BUSINESS WIRE)-- New Media Investment Group Inc. (New Media or the Company, NYSE: NEWM) today reported its financial results for the fourth quarter and full year ended December 25, 2016.

Fourth Quarter 2016 Financial Summary

New Media declares a cash dividend of $0.35 per common share for the fourth quarter of 2016 Total revenues of $333.6 million were flat to prior year, and decreased 0.6% on a same store basis Digital revenue of $32.4 million, increased 9.6% to prior year on a same store basis Operating income of $27.0 million... More