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Stock Market & Financial Investment News

News Breaks
March 7, 2014
08:51 EDTNEWMNew Media initiated with a Buy at Compass Point
Target $18.
News For NEWM From The Last 14 Days
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November 20, 2014
17:23 EDTNEWMNew Media to acquire Halifax Media Group for $280M
New Media has reached an agreement to purchase substantially all of the assets of Halifax Media Group for $280.0M in cash. New Media intends to fund the acquisition with a combination of cash on the balance sheet and incremental debt under its existing term loan. Halifax Media is a newspaper publisher serving communities primarily in the southeastern portion of the U.S. Halifax has a total daily circulation of approximately 635K and 752K on Sunday. The acquisition is accretive to New Media. The deal is expected to close in 1Q15

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