New Media Announces Solid Fourth Quarter & Full Year 2018 Results, Dividend of $0.38 per Common Share
NEW MEDIA INVESTMENT GROUP (NEWM)
Last new media investment group earnings: 10/26 06:50 am
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US:NYSE Investor Relations:
newmediainv.com
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Source: Business Wire
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 store basis excluding, for comparability, the impact of ASC Topic 606 Natural disasters affected several properties, which we estimate resulted in approximately $2.3 million of loss to revenue, As Adjusted EBTIDA and Free Cash Flow within the fourth quarter. Adjusting for this impact,
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