New Media Investment Group, Inc.

New Media Investment Group, Inc.

New Media Investment Group, Inc.

Overview
Date Founded

2013

Headquarters

1345 Avenue of the Americas,45th floor,New York, NY 10105

Type of Company

Public

Employees (Worldwide)

10.6K

Industries

Advertising & Marketing
News & Digital Content

Company Description

New Media Investment Group, Inc. owns, operates and invest in a portfolio of local media assets, and on advertising and digital marketing business. It publishes local newspapers and related publications in U.S. The company was founded on June 18, 2013 and is headquartered in New York, NY.

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Executives & Employees

Chairman, President & Chief Executive Officer

Chief Operating Officer

Chief Executive Officer, Propel Marketing

Benefit Plan Administrator

Financial Professional

Professional

Professional

Senior Software Engineer

Board of Directors

Chairman, President & Chief Executive Officer at New Media Investment Group, Inc.

Former President & Chief Executive Officer at NCL Corp. Ltd.

Professional at Fung Group

Chief Executive Officer at CRT Capital Group LLC

Paths to New Media Investment Group, Inc.
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New Media Investment Group, Inc.
Owners & Shareholders
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Omega Advisors, Inc. was founded in 1991 by Leon G. Cooperman, and is registered as an investment advisor with the U.S. Securities and Exchange Commission. Omega has approximately $3.8 billion under management (as of July 31, 2018).

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SECOR Capital Advisors manages alternative investment funds seek to generate high risk-adjusted returns by: (i) investing across a diverse set of asset classes, geographies, factors, themes and time horizons, (ii) identifying and exploiting temporarily pronounced market inefficiencies or risk premia, (iii) employing dynamic risk-budgeting to minimize tail risk and potentially enable alpha to be generated through timing of exposures and (iv) utilizing sophisticated modeling techniques supported by straight-forward economic intuition and sound fundamentals. The hedge fund seeks to target long-term annualized volatility of 10-12% and low long-term correlation to other asset classes and the broader markets. SECOR uses proprietary models to systematically allocate and manage risk across a wide range of quantitative investment strategies, geographies and asset classes. They employ these models to construct a portfolio, trade securities and manage risk. Their strategies are offered in relatively unconstrained portfolios and any strategy may include sub-strategies in currencies, commodities, equities, fixed income/credit, volatility, cross-asset class trades and opportunistic strategies.^

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Gilman Hill Asset Management is a value manager that focuses on separate account management within the equity income discipline. The firm specializes in the management of equity income and small-cap equity portfolios for high net-worth individuals and institutions. Both products are offered on a separate account basis. They invest primarily in dividend paying stocks.

Recent Transactions
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New Media Investment Group, Inc., BridgeTower Media LLC purchase Progressive Business Media LLC

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GateHouse Media LLC, New Media Investment Group, Inc. purchase Morris Communications Co. Llc /Printing Business from Morris Communications Company LLC

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GateHouse Media LLC, New Media Investment Group, Inc. purchase Akron Beacon Journal from Black Press Ltd.

Transaction Advisors
Escrow Agent

Advised onNew Media Investment Group, Inc. issued Common Stock

Underwriter

Advised onNew Media Investment Group, Inc. issued Common Stock

Underwriter

Advised onNew Media Investment Group, Inc. issued Common Stock

Underwriter

Advised onNew Media Investment Group, Inc. issued USD Common Stock

Investment Advisor

Advised onNew Media Investment Group, Inc., LMG Rhode Island Holdings, Inc. purchase The Providence Journal Co. from A. H. Belo Corporation

Investment Advisor

Advised onNew Media Investment Group, Inc., LMG Rhode Island Holdings, Inc. purchase The Providence Journal Co. from A. H. Belo Corporation

Advisors & Consultants
Advisor

Chief Financial Officer at Contextmedia Health LLC

Clients

Tribune Publishing Co. is a multiplatform media and marketing solutions company, which engages in the publication of daily newspapers and community publications. It operates through the troncM and troncX segments. The troncM segment comprises of the company's media groups excluding their digital revenues and related expenses, except digital subscription revenues when bundled with a print subscription. The troncX segment includes all digital revenues and related expenses of the company from local tronc websites, third party websites, mobile applications, digital only subscriptions, Tribune Content Agency, and forsalebyowner.com. The company was founded in 1847 and is headquartered in Chicago, IL.

The New York Times Co. is a media organization, which engages in creating, collecting, and distributing news and information. It includes newspapers, print, and digital products and investments and operates through The New York Times, NYTimes.com, and mobile applications. The company was founded by Henry Jarvis Raymond and George Jones on September 18, 1851 and is headquartered in New York, NY.

Gannett is a media and marketing solutions company with a diverse portfolio of broadcast, digital, mobile and publishing companies. Gannett provides consumers easy access to the things that matter most to them – any way and anywhere. Gannett’s portfolio of trusted brands helps business customers connect with these highly engaged audiences through its industry-leading marketing services, customized solutions and national-to-local-to-personal reach. As Gannett builds on its valuable local brands and strong journalism, it also is expanding its mobile and digital businesses. It is a digital leader with a portfolio that includes a network of hundreds of local and national media organization web sites that reach 52 million unique users monthly; CareerBuilder.com, the nation’s top employment site which is expanding rapidly internationally and is already in 18 countries outside the U.S.; and top brands such as USATODAY.com; and USA TODAY Sports Media Group’s USA TODAY High School Sports; action sports network BNQT; MMAJunkie.com; and Big Lead Sports. USA TODAY, too, continues to be a leader in the mobile space, with more than 16 million total app downloads, including its iPad, iPhone and Android apps. Gannett Broadcasting is helping to lead the development of Digital Mobile TV. At the same time, the company’s digital marketing companies offer innovative marketing solutions for any audience. PointRoll, an industry leader in rich media advertising solutions and technology, powers more than 50 percent of all rich media campaigns online and serves more than 150 billion ad impressions each year. ShopLocal is a leading provider of online marketing solutions that connect retailers with shoppers through innovative and effective marketing, enabling more than 100 of the nation’s top retailers to deliver localized promotions directly to shoppers. The company’s 82 U.S. daily newspapers, including USA TODAY, reach 11.6 million readers every weekday and 12 million readers every Sunday, providing important news and information from their customers’ neighborhoods and around the globe. USA TODAY, the nation's No. 1 newspaper in print circulation, and USATODAY.com reach a combined 6.6 million readers daily. The Broadcasting Division’s 23 TV stations reach 21 million households, covering 18.2 percent of the U.S. population. Through its Captivate subsidiary, the Broadcasting Division delivers news, information and advertising to a highly desirable audience demographic on 9,500 video screens located in elevators of office towers and select hotel lobbies in 25 major cities across North America. Newsquest is one of the U.K.’s leading regional community news providers and its digital portfolio of newspaper and online-only brands attracts nearly 7.5 million unique users each month. It has a portfolio of 17 daily paid-for newspapers and more than 200 weekly newspapers, magazines and trade publications. Newsquest owns a successful online publisher called s1, which is a leading recruitment site in Scotland.

Key Stats and Financials As of 2018
Market Capitalization
$605M
Total Enterprise Value
$1.06B
Earnings Per Share
$0.31
Revenue
$1.53B
Net Profit
$18.2M
EBITDA
$157M
EBITDAMargin
10.29%
Total Debt
$441M
Total Equity
$719M
Enterprise Value Sales
0.69x
Enterprise Value EBITDAOperating
6.74x
TEVNet Income
58.21x
Debt TEV
0.42x
Three Year Compounded Annual Growth Rate Of Revenue
8.47%
Five Year Compounded Annual Growth Rate Of Revenue
24.19%
Investors
Details Hidden

Co-Founder at Galvanize, Inc.

Suppliers
Inpixon Computer Software | SANTA CLARA , CA

Inpixon engages in the provision of indoor positioning and data analytics services. It operates through the Indoor Positioning Analytics and Infrastructure segments. The Indoor Positioning Analytics segment includes Inpixon's proprietary products and services delivered on premise or in the cloud as well as hosted software-as-a-service based solutions. The Infrastructure segment offers third party hardware, software and related maintenance or warranty products and services. The company was founded by Abdus Salam Qureishi in 1972 and is headquartered in Palo Alto, CA.

Alphabet, Inc. Biotechnology | MOUNTAIN VIEW, CA

Alphabet, Inc. is a holding company, which engages in the business of acquisition and operation of different companies. It operates through the Google and Other Bets segments. The Google segment includes its main Internet products such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube. The Other Bets segment includes businesses such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo, and X. The company was founded by Lawrence E. Page and Sergey Mikhaylovich Brin on October 2, 2015 and is headquartered in Mountain View, CA.

Houzz, Inc. Internet Software & Services | Palo Alto, CA

Houzz, Inc. provides an online platform for home remodeling and design. It offers people with everything they need to improve their homes from start to finish. The firm's platform connects millions of homeowners, home design enthusiasts and home improvement professionals across the country and around the world. The company was founded by Alon Cohen and Adi Tatarko in February 2009 and is headquartered in Palo Alto, CA.

Competitors
Charter Communications, Inc. Entertainment - Stamford, CT

Charter Communications, Inc. provides broadband communications services. Its services include Spectrum TV, Spectrum Internet access, and Spectrum Voice. It offers business-to-business Internet access, data networking, business telephone, video and music entertainment services and wireless backhaul. It operates through Cable Services segment. Its advertising sales and production services are sold under the Spectrum Reach brand. The company was founded in 1993 and is headquartered in Stamford, CT.

Advance Publications, Inc. Appliances & Electronics - Albany, NY

Advance Publications, Inc. engages in the investment and operation of broad range of media, communications, and technology businesses. The firm publishes magazine, newspaper and digital news. The company was founded by Samuel Irving Newhouse in 1922 and is headquartered in New York, NY.

Tribune Publishing Co. News & Digital Content - Chicago, IL

Tribune Publishing Co. is a multiplatform media and marketing solutions company, which engages in the publication of daily newspapers and community publications. It operates through the troncM and troncX segments. The troncM segment comprises of the company's media groups excluding their digital revenues and related expenses, except digital subscription revenues when bundled with a print subscription. The troncX segment includes all digital revenues and related expenses of the company from local tronc websites, third party websites, mobile applications, digital only subscriptions, Tribune Content Agency, and forsalebyowner.com. The company was founded in 1847 and is headquartered in Chicago, IL.

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