New Media Announces Solid Third Quarter 2018 Results and Increase in Dividend to $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 third quarter ended September 30, 2018. Third Quarter 2018 Financial Summary New Media declares a cash dividend of $0.38 per common share for the third quarter of 2018, an increase of $0.01 per common share from the prior quarter Total revenues of $380.4 million, an increase of 19.9% to prior year on a reported basis, and down 4.8% on an organic same store basis excluding, for comparability, the impact of ASC Topic 606º Digital revenue of $46.6 million, an increase of 31.3% to prior year on a reported basis Operating income of $2.6 million Net loss attributable to New Media of $6.1 million As Adjusted EBITDA of $44.1 million* Free Cash Flow
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