New Media Investment Group Inc. invests in, owns, and operates local media assets in the United States. The company's principal products include 142 daily newspapers with total paid circulation of approximately 1.5 million; 326 weekly newspapers with total paid circulation of approximately 318,000 and total free circulation of approximately 2.0 million; 140 shoppers with total circulation of approximately 3.5 million; and 569 locally-focused Websites, including Internet and mobile devices with approximately 290 million page views per month. Its principal products also comprise 2 yellow page directories with a distribution of approximately 290,000 that cover a population of approximately 419,000 people; 70 business publications; and UpCurve Cloud and ThriveHive digital marketing services. In addition, the company produces niche publications that address specific local market interests, such as recreation, sports, healthcare, and real estate. Further, it produces approximately 250 annual events with a collective attendance approximately 300,000, such as themed expo, signature event, and white label event services. Additionally, the company offers print and online products that offer local market news and information on various topics comprising local news and politics, community and regional events, youth sports, opinion and editorial pages, local schools, obituaries, weddings, and police reports, as well as print and digital marketing products, and commercial printing services. It reaches approximately 22 million people per week; and serves approximately 215,000 business customers. New Media Investment Group Inc. was founded in 1997 and is based in New York, New York.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Newspapers
Sub-IndustryN/A
SectorConsumer Staples
SymbolNYSE:NEWM
CUSIPN/A
Phone212-479-3160
Debt
Debt-to-Equity Ratio0.52
Current Ratio1.32
Quick Ratio1.21
Price-To-Earnings
Trailing P/E Ratio28.96
Forward P/E Ratio18.92
P/E GrowthN/A
Sales & Book Value
Annual Sales$1.34 billion
Price / Sales0.71
Cash Flow$2.4570 per share
Price / Cash6.39
Book Value$12.53 per share
Price / Book1.25
Profitability
EPS (Most Recent Fiscal Year)$0.54
Net Income$-910,000.00
Net Margins2.46%
Return on Equity5.60%
Return on Assets2.92%
Miscellaneous
Employees10,516
Outstanding Shares60,290,000
Market Cap$946 million
New Media Investment Group (NYSE:NEWM) Frequently Asked Questions
What is New Media Investment Group's stock symbol?
New Media Investment Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "NEWM."
How often does New Media Investment Group pay dividends? What is the dividend yield for New Media Investment Group?
New Media Investment Group announced a quarterly dividend on Thursday, August 2nd. Stockholders of record on Monday, August 13th will be paid a dividend of $0.37 per share on Tuesday, August 21st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 9.43%. The ex-dividend date is Friday, August 10th. This is an increase from New Media Investment Group's previous quarterly dividend of $0.33. View New Media Investment Group's Dividend History.
How will New Media Investment Group's stock buyback program work?
New Media Investment Group declared that its board has approved a stock repurchase plan on Sunday, June 4th 2017, which allows the company to buyback $100,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 15.8% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board believes its shares are undervalued.
How were New Media Investment Group's earnings last quarter?
New Media Investment Group Inc (NYSE:NEWM) released its quarterly earnings results on Thursday, August, 2nd. The company reported $0.20 EPS for the quarter, missing analysts' consensus estimates of $0.24 by $0.04. The firm earned $388.80 million during the quarter, compared to analysts' expectations of $367.84 million. New Media Investment Group had a return on equity of 5.60% and a net margin of 2.46%. The business's revenue for the quarter was up 20.4% compared to the same quarter last year. During the same quarter last year, the company earned ($0.41) EPS. View New Media Investment Group's Earnings History.
When is New Media Investment Group's next earnings date?
Who are some of New Media Investment Group's key competitors?
Who are New Media Investment Group's key executives?
New Media Investment Group's management team includes the folowing people:
- Mr. Michael E. Reed, CEO, Pres & Director (Age 52)
- Mr. Gregory W. Freiberg, CFO & Chief Accounting Officer (Age 51)
- Mr. Kirk A. Davis, Chief Operating Officer (Age 56)
- Ms. Ashley Higgins, Investor Relations
- Ms. Polly Grunfeld Sack Esq., Sr. VP, Sec. & Gen. Counsel of GateHouse Media LLC (Age 58)
Has New Media Investment Group been receiving favorable news coverage?
Media headlines about NEWM stock have trended somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research group scores the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. New Media Investment Group earned a media and rumor sentiment score of 0.25 on Accern's scale. They also gave news headlines about the company an impact score of 46.62 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the immediate future. View Recent Headlines for New Media Investment Group.
Who are New Media Investment Group's major shareholders?
New Media Investment Group's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (14.17%), Dimensional Fund Advisors LP (5.83%), Acadian Asset Management LLC (3.39%), Wells Fargo & Company MN (2.80%), Bank of New York Mellon Corp (2.40%) and Renaissance Technologies LLC (1.47%). Company insiders that own New Media Investment Group stock include Gregory William Freiberg, Laurence Tarica, Leon G Cooperman and Michael Reed. View Institutional Ownership Trends for New Media Investment Group.
Which institutional investors are selling New Media Investment Group stock?
NEWM stock was sold by a variety of institutional investors in the last quarter, including Royce & Associates LP, Thompson Siegel & Walmsley LLC, Algert Global LLC, Berson & Corrado Investment Advisors LLC, Municipal Employees Retirement System of Michigan, BNP Paribas Arbitrage SA, OMERS ADMINISTRATION Corp and Pinebridge Investments L.P.. View Insider Buying and Selling for New Media Investment Group.
Which institutional investors are buying New Media Investment Group stock?
NEWM stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Acadian Asset Management LLC, Dimensional Fund Advisors LP, Citadel Advisors LLC, American Century Companies Inc., Renaissance Technologies LLC, Laurion Capital Management LP and Wells Fargo & Company MN. Company insiders that have bought New Media Investment Group stock in the last two years include Gregory William Freiberg, Laurence Tarica, Leon G Cooperman and Michael Reed. View Insider Buying and Selling for New Media Investment Group.
How do I buy shares of New Media Investment Group?
Shares of NEWM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is New Media Investment Group's stock price today?
One share of NEWM stock can currently be purchased for approximately $15.70.
How big of a company is New Media Investment Group?
New Media Investment Group has a market capitalization of $946 million and generates $1.34 billion in revenue each year. The company earns $-910,000.00 in net income (profit) each year or $0.54 on an earnings per share basis. New Media Investment Group employs 10,516 workers across the globe.
How can I contact New Media Investment Group?
New Media Investment Group's mailing address is 1345 AVENUE OF THE AMERICAS, NEW YORK NY, 10105. The company can be reached via phone at 212-479-3160 or via email at [email protected]
MarketBeat Community Rating for New Media Investment Group (NYSE NEWM)
MarketBeat's community ratings are surveys of what our community members think about New Media Investment Group and other stocks. Vote "Outperform" if you believe NEWM will outperform the S&P 500 over the long term. Vote "Underperform" if you believe NEWM will underperform the S&P 500 over the long term. You may vote once every thirty days.
