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New Media Investment Group

NEWS

GateHouse acquires Morris Publishing's 11 daily newspapers

New Media Investment Group has acquired Morris Publishing Group, whose portfolio includes the Augusta Chronicle, the Savannah Morning News and the Florida Times-Union in Jacksonville. The price was $120 million for 11 daily newspapers, 30 weeklies and various online assets, which will join New Media's GateHouse chain. The transaction, announced this morning, is expected to close in the fourth … Read More
NEWS

GateHouse owner bucks plummeting revenue trend while Gannett stumbles

On a day Gannett reported worse than expected third quarter results, New Media Investment Group, which operates 121 dailies in the GateHouse chain, had mostly good financial news. The contrasting tale of two companies was reflected in market reaction, with Gannett stock down more than 13 percent in early afternoon trading and New Media up roughly 5 percent. Read More
NEWS

The Nevada newspaper mystery — a business perspective

I would love to break the story of who bought the Las Vegas Review-Journal for a pricey $140 million last week. Can't do that today, but here are a few business thoughts on the transaction: About that price: New Media Investment Group closed on the Review-Journal and other Stephens Media properties in mid-March for $102.5 million.  The sale represents a … Read More
NEWS

Bucking the industry trend, New York Times Co. shows revenue growth in 3rd quarter

As Gannett and New Media Investment Group saw financial results dragged down by deep print ad revenue declines in third quarter earnings reports today, the New York Times posted a small revenue gain of 0.7 percent. The Times held print ad losses to 0.9 percent compared to the same quarter in 2014. Digital ad revenues were down … Read More
NEWS

New Media Investment Group ups revenues and plans to buy more papers

New Media Investment Group reported a 76 percent growth in first quarter revenues compared to the period a year ago on the strength of its buying binge of media companies. But even leaving the new properties out, the company was able to keep revenues roughly even on a "same store" basis -- a good showing for the industry where … Read More
NEWS

Stock market darling New Media Investment keeps growing, books small profit

Acquisitive New Media Investment Group reported its fourth quarter results today and tallied the score on $538 million spent buying newspapers over the last year and a half. The company's business plan calls for $1 billion in acquisitions over three years, so more of the same is on the way. New Media also increased its quarterly dividend which yields … Read More
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