New Media Investment Group and Gannett finalized their merger and will pursue plans they believe will transform the company into a media powerhouse.
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New Media's (NEWM) merger with Gannett is likely to create one of the strongest entities in the publishing industry.
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Shareholders of New Media Investment Group voted Thursday to approve the company's deal to acquire USA TODAY owner Gannett.
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Pessimism is growing about a merger between the first- and second-biggest newspapers chains in the US. Ahead of a shareholder vote on Thursday to combine New Media Investment Group, the No. 2 newspaper publisher with No. 1 Gannett, nearly 35 percent of New Media’s outstanding shares have been sold short by investors who expect the…
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A significantly weakened deal to merge the nation’s two largest newspaper publishers heads to a shareholder vote on Thursday. And it’s expected to be approved — despite the multitude of concerns that has the proposed acquisition of USA Today publisher Gannett by New Media Investment Group’s GateHouse Media struggling and gasping for air. Since the…
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New Media Investment Group Inc (NYSE:NEWM) was the target of unusually large options trading on Monday. Stock traders acquired 897 call options on the stock. This is an increase of 908% compared to the typical volume of 89 call options. Separately, Citigroup decreased their target price on New Media Investment Group from $14.00 to $11.00 […]
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New Media Investment Group, which is acquiring Gannett, reported a decline in overall third-quarter revenue, but a spike in digital subscriptions.
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NEW YORK--(BUSINESS WIRE)--New Media Investment Group Inc. (NYSE: NEWM) today reported its financial results for the third quarter ended September 29, 2019. ($ in million, except per share) GAAP Reporting Q3 2019 Revenues $ 376.6 Operating loss $ (1.9) Net loss attributable to New Media $ (18.5) Non-GAAP Reporting* Q3 2019 As Adjusted EBITDA $ 45.1 Free Cash Flow $ 32.2 *For definitions and reconciliations of Non-GAAP Reporting measures, please refer to the Non-GAAP Financial Measures Note and
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Michael Reed, the chairman and CEO of New Media Investment Group, hit the road Tuesday to convince investors that they should stay the course as he tries to merge New Media’s Gatehouse Media with USA Today owner Gannett Corp. The merger, announced Aug. 5, has gotten off to a rocky start, including opposition from private…
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Stockholders need to OK the tie-up of New Media Investment Group's GateHouse Media and USA TODAY owner Gannett. Could new investments complicate that?
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Newspaper chain MNG Enterprises revealed a 9.4% stake in New Media Investment Group Inc on Friday, and said it may decide to vote or campaign against the company's proposed deal with Gannett Co .
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MNG Enterprises discloses 9.4% stake in New Media Investment Group
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The biggest publishing merger of the year is starting to look like a bust. Shareholders of New Media Investment Group — the publicly traded subsidiary of newspaper owner Gatehouse Media — have sent the stock on a dizzying downward spiral since Monday. That’s when Gatehouse, the second-biggest newspaper chain in the country, unveiled its $1.4…
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The nation’s largest newspaper chain just got a whole lot bigger. The parent of the nation’s second-largest newspaper company, Gatehouse Media, has struck a $1.38 billion agreement to acquire USA Today publisher Gannett in a cash-and-stock deal. The merger, which would combine Gannett with Gatehouse’s publicly traded New Media Investment Group, was formally unveiled Monday…
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