New Media Investment Group (NEWM) Declares $0.37 Quarterly Dividend; 8.9% Yield

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Go back to New Media Investment Group (NEWM) Declares $0.37 Quarterly Dividend; 8.9% Yield

New Media Announces Strong First Quarter 2018 Results and Dividend of $0.37 per Common Share

May 3, 2018 6:35 AM EDT

NEW YORK--(BUSINESS WIRE)-- New Media Investment Group Inc. (New Media or the Company, NYSE: NEWM) today reported its financial results for the first quarter ended April 1, 2018.

First Quarter 2018 Financial Summary

New Media declares a cash dividend of $0.37 per common share for the first quarter of 2018 Total revenues of $340.8 million, an increase of 10.8% to prior year on a reported basis, and down 4.5% on an organic same store basis excluding, for comparability, the impact to ASC Topic 606 Digital revenue of $38.6 million, an increase of... More