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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Mon., Sep. 22, 10:17 PM

Slide #9. New Media Investment Group Inc Secondary Offering

Company: New Media Investment Group Inc (NYSE:NEWM)
Date announced: 9/17/2014
Shares Offered: 6,500,000
Date of Pricing: 9/18/2014
Price Per Share: $16.25
Secondary Offering Details: New Media Investment Group Inc. ("New Media" or the "Company", NYSE:,NEWM) announced today that it launched a public offering of 6,500,000 shares of its common stock pursuant to a registration statement on Form S-1 filed with the U.S. Securities and Exchange Commission. In connection with the offering, New Media has granted the underwriters an option for 30 days to purchase up to an additional 975,000 shares of New Media's common stock. - updated 9/18 - New Media Investment Group Inc. ("New Media" or the "Company", NYSE:NEWM) announced today that it priced its public offering of 6,500,000 shares of its common stock for gross proceeds of approximately $105,625,000 million, before deducting underwriting discounts and commissions and offering expenses payable by the Company. In connection with the offering, the Company has granted the underwriters an option for 30 days to purchase up to an additional 950,625 shares of common stock. The offering is expected to close on September 23, 2014, subject to customary closing conditions.

New Media Investment Group is a holding company. Through its subsidiaries, Co. owns, operates and invests in local media assets. Co.'s main products include: 85 daily newspapers; 240 weekly newspapers that are published up to three times per week; 96 shoppers (advertising-only publications); 350 locally focused websites and 333 mobile sites, which extend its businesses onto the internet and mobile devices; six yellow page directories; and propel digital marketing services. Co.'s content primarily consists of local news and politics, community and regional events, youth sports, editorial pages, local schools, obituaries, weddings and police reports.
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Company Name:  New Media Investment Group Inc
Website:  www.newmediainv.com
Sector:  Publishing & Printing
Number of ETFs Holding NEWM:  16
Total Market Value Held by ETFs:  $15.33M
Total Market Capitalization:  $485.00M
% of Market Cap. Held by ETFs:  3.16%
 

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September 22, 2014    10:17 PM Eastern
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