New Media is a company focused primarily on investing in a high quality diversified portfolio of local media assets and growing digital initiatives for digital marketing services business. The Company's printed and online products specialize on the local community, covering topics such as local news, politics, community and regional events, youth sports and local schools.

TypePublic
HQNew York, US
Founded1997
Size (employees)10,516 (est)+7%
Websitenewmediainv.com
New Media Investment Group was founded in 1997 and is headquartered in New York, US
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Key People/Management at New Media Investment Group

Michael Reed

Michael Reed

CEO
Gregory Freiberg

Gregory Freiberg

CFO
Kirk Davis

Kirk Davis

COO
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New Media Investment Group Office Locations

New Media Investment Group has an office in New York
New York, US (HQ)
1345 6th Ave
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New Media Investment Group Financials and Metrics

New Media Investment Group Revenue

New Media Investment Group's revenue was reported to be $1.26 b in FY, 2016
USD

Revenue (Q2, 2019)

729.6 m

Net income (Q2, 2019)

11 m

EBIT (Q2, 2019)

30.4 m

Market capitalization (20-Sep-2018)

958.1 m

Closing stock price (20-Sep-2018)

15.9

Cash (1-Jul-2018)

73.8 m

EV

1.3 b
New Media Investment Group's current market capitalization is $958.1 m.
Annual
USDFY, 2016

Revenue

1.3 b

Sales and marketing expense

684.9 m

Operating expense total

684.9 m

EBIT

61.4 m
Quarterly
USDQ1, 2019Q2, 2019

Revenue

340.8 m729.6 m

Sales and marketing expense

163.3 m350.9 m

Operating expense total

196.4 m414.2 m

Depreciation and amortization

19.2 m39.2 m
Annual
USDFY, 2016

Cash

172.2 m

Inventories

18.2 m

Current Assets

370.3 m

Goodwill

228 m
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q1, 2019Q2, 2019

Cash

31.3 m135.1 m26.9 m12.7 m30.3 m79.4 m60.7 m54.5 m135.9 m67 m73.8 m

Inventories

7.5 m11.1 m16.1 m18.8 m18.4 m17.5 m17 m17.3 m17.8 m22.3 m24.9 m

Current Assets

133.6 m245.5 m197.3 m206.3 m216.1 m256.3 m244.1 m235.5 m326.4 m279.8 m299.5 m

Goodwill

126.6 m132.5 m175.3 m175.1 m177.6 m206.2 m214.3 m220 m229.4 m243.7 m288.4 m
Annual
USDFY, 2016

Net Income

31.6 m

Depreciation and Amortization

67.8 m

Inventories

(999 k)

Accounts Payable

6 m
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q1, 2019Q2, 2019

Net Income

(665 k)11 m

Depreciation and Amortization

19.2 m39.2 m

Inventories

7.5 m11.1 m16.1 m18.8 m18.4 m17.5 m17 m17.3 m17.8 m(3.2 m)(4.9 m)

Accounts Payable

5.5 m8.6 m13.2 m12.3 m17.8 m13.3 m11.4 m12.5 m23 m3 m(806 k)
USDY, 2018

EV/EBIT

42.6 x

EV/CFO

22.4 x

Financial Leverage

1.9 x
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New Media Investment Group Operating Metrics

FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Business Publications

62 72 67 68 68 68

Daily Newspaper's Circulation

842 k1.70 m1.60 m1.70 m1.50 m1.50 m1.40 m1.40 m1.40 m2.40 m1.30 m

Monthly Page Views

119 m202 m219 m225 m226 m235 m232 m227 m224 m230 m258 m

Weekly Newspapers' Paid Circulation

297 k382 k386 k354 k321 k309 k321 k328 k315 k312 k329 k
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New Media Investment Group Company Life and Culture

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