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Stock Market & Financial Investment News

News Breaks
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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October 31, 2014
10:00 EDTNEWMOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Eros International (EROS) initiated with an Outperform at Macquarie... Fiat Chrysler (FCAU) initiated with an Overweight at Morgan Stanley... New Media (NEWM) initiated with a Buy... Sabra Health Care (SBRA) initiated with a Market Perform at Wells Fargo.
06:34 EDTNEWMNew Media initiated with a Buy, $41 price target at Citigroup
Citigroup started New Media Investment Group with a Buy rating, saying the stock could more than double by 2016. Citi believes the company's strategy of spending up to $1B on newspaper acquisitions over the next 2-3 years and increasing the dividend over time provides opportunity for investors. The firm put a $41 price target on the stock. Shares closed yesterday up $1.48 to $18.39
October 30, 2014
07:20 EDTNEWMNew Media reports Q3 adjusted EPS 14c, two estimates 9c
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