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July 1, 2014
07:13 EDTNEWMNew Media announces two acquisition with $15.3M total purchase price
New Media announced that it has completed two acquisitions with a total purchase price of $15.3M. The two acquisitions are as follows: The firm announced the acquisition of American Consolidated Media Southwest operations, which is comprised of five daily, nine weekly newspapers and four shoppers centered on small-market communities in Texas, Oklahoma and Kansas. The regional publishing groupís assets are concentrated in Texas and have a total paid circulation of approximately 32K across all three states. The business also has a strong shopper group in south Texas with distribution to more than 225K households each week. The company also announced the acquisition of the Petersburg Progress-Index and said that these assets include one daily newspaper, The Petersburg Progress-Index, as well as a weekly publication, The Colonial Voice, in a growing market 25 miles south of Richmond, Virginia. The Petersburg Progress-Index has a Sunday circulation of approximately 12K and daily circulation of 9.8K.
News For NEWM From The Last 14 Days
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February 26, 2015
07:16 EDTNEWMNew Media reports Q4 EPS 31c, consensus 31c
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07:15 EDTNEWMNew Media raises quarterly dividend 11.1% to 30c per share
The company says "Given the accretive acquisitions we have been able to execute on, the Board of Directors has voted to increase the Q4 dividend to 30c per common share, an 11.1% increase vs. the previous dividend payment. With total gross debt at approximately $350M, we remain focused on operating the company with a modest leverage profile at approximately 2.2x gross debt." The dividend is payable on March 19, 2015 to shareholders of record as of the close of business on March 11, 2015.
February 19, 2015
17:03 EDTNEWMNew Media to acquire Stephens Media for $102.5M
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