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Stock Market & Financial Investment News

News Breaks
March 19, 2014
07:04 EDTNEWMNew Media reports Q4 net income $955.4M vs. $794.6M a year ago
Reports Q4 revenue $160.4M, one estimate $157.23M.
News For NEWM From The Last 14 Days
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July 30, 2015
07:30 EDTNEWMNew Media reports Q2 revenue $299.5M, consensus $284.62M
Reports Q2 net income of $11.2M. Total Print Advertising decreased 7.1% on a same store basis driven by Preprints and Local Display which decreased 11.2% and 7.9%, respectively. Preprints fell under pressure in the second quarter driven by several major retailers decreasing their volume, and multiple retail store closures in our markets. Classified Print revenue decreased 2.0% on a same store basis; however, obituaries revenue, a subcategory of Classified Print, continues to be a strong category.
July 23, 2015
07:38 EDTNEWMCiti, after stress testing model, calls New Media selloff 'odd'
After stress testing its model, Citi calls the 20% pullback in shares of New Media Investment Group since June "odd." Even with the selloff, management will create more value pursing M&A versus buying back shares, the firm tells investors. It keeps a Buy rating on New Media with a $37 price target.

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