New Media Announces Strong Fourth Quarter & Full Year 2017 Results, Dividend of $0.37 per Common Share and the Anticipated Acquisition of the Eugene, Oregon Register-Guard for $14.25 milli...
NEW MEDIA INVESTMENT GROUP (NEWM)
Last new media investment group earnings: 10/26 06:50 am
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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 31, 2017. Fourth Quarter 2017 Financial Summary New Media declares a cash dividend of $0.37 per common share for the fourth quarter of 2017 Total revenues of $394.4 million, an increase of 18.2% to prior year on a reported basis, and down 5.6% on an organic same store basis, an improvement of 80bps sequentially, from the third quarter Digital revenue of $41.7 million, an increase of 28.6% to prior year on a reported basis Operating income of $32.4 million Net income of $26.4 million As Adjusted EBITDA of $59.0 million* Free Cash Flow of $47.8 million* Liquidity, consisting of cash on th
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