New Media Investment Group (NEWM) Misses Q4 EPS by 24c

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New Media Announces Solid Fourth Quarter & Full Year 2018 Results, Dividend of $0.38 per Common Share

February 27, 2019 6:40 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 30, 2018.

Fourth Quarter 2018 Financial Summary

New Media declared a cash dividend of $0.38 per common share for the fourth quarter of 2018 Operating income of $25.2 million Net income attributable to New Media of $13.3 million Total revenues of $416.0 million, an increase of 5.5% to prior year on a reported basis, and down 6.6% on an organic same... More