New Media Investment Group (NEWM) Misses Q2 EPS by 4c on Revenues of $388.8M

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Go back to New Media Investment Group (NEWM) Misses Q2 EPS by 4c on Revenues of $388.8M

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

August 2, 2018 6:30 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 second quarter ended July 1, 2018.

Second Quarter 2018 Financial Summary

New Media declares a cash dividend of $0.37 per common share for the second quarter of 2018 Total revenues of $388.8 million, an increase of 20.4% to prior year on a reported basis, and down 4.9% on an organic same store basis excluding, for comparability, the impact of ASC Topic 606 Digital revenue of $45.6 million, an increase of 31.4% to prior year on a reported... More