New Media Investment Group Inc. (NYSE:NEWM) Files An 8-K Other Events
Item 8.01 Other Events
issued a press release announcing the Companys board of directors
authorized the repurchase of up to $100 million of the Companys
common stock over the next 12 months. Repurchases may be made
from time to time through open market purchases or privately
negotiated transactions, to one or more plans established to Rule
10b5-1 under the Exchange Act or by means of one or more tender
offers, in each case, as permitted by securities laws and other
legal requirements. The amount and timing of the purchases will
depend on a number of factors including the price and
availability of the Companys shares, trading volume, capital
availability, Company performance and general economic and market
conditions. The share repurchase program may be suspended or
discontinued at any time.
Report on Form 8-K as Exhibit 99.1 and is incorporated herein by
reference.
| (d) |
Exhibits
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| 99.1 |
Press Release dated May 17, 2017
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About New Media Investment Group Inc. (NYSE:NEWM)
New Media Investment Group Inc. (New Media) is a holding company. The Company owns, operates and invests in local media assets. It has a focus on owning and acquiring local media assets in small to mid-size markets. The Company is a publisher of locally based print and online media. The Company’s operating segments include Eastern US Publishing, Central US Publishing and Western US Publishing. The Eastern US Publishing segment operates in approximately six publication group clusters: the New England Publishing Group, Cape Publishing Group, Providence Publishing Group, Mid-Atlantic Publishing Group, South Atlantic Publishing Group and Coastal Publishing Group. The Central US Publishing segment operates in the states of Illinois, Ohio, New York, Michigan, Delaware, Pennsylvania, West Virginia and Virginia. The Western US Publishing segment operates in the states of Missouri, Arkansas, Texas, California, Kansas, Iowa, Louisiana, Minnesota and Oklahoma, among others. New Media Investment Group Inc. (NYSE:NEWM) Recent Trading Information
New Media Investment Group Inc. (NYSE:NEWM) closed its last trading session down -0.43 at 11.87 with 521,476 shares trading hands.