Revenue Update on New Media Investment Group Inc(NYSE:NEWM)

New Media Investment Group Inc(NYSE:NEWM) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $314.83M. Analysts estimated a revenue of $311.88M. Earnings per share were $0.21. Analysts had estimated an EPS of $0.29.

New Media Investment Group Inc (NEWM) shares turned negative on Thursdays trading session with the shares closing down -0.04 points or -0.23% at a volume of 2,68,154. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $17.307. The peak price level was also seen at $17.307 while the days lowest was $16.98. Finally the shares closed at $17.13. The 52-week high of the shares is $20.11 while the 52-week low is $13.96. According to the latest information available, the market cap of the company is $769 M.

Several Insider Transactions has been reported to the SEC. On May 16, 2016, Laurence Tarica (director) purchased 15,000 shares at $15.67 per share price.Also, On May 16, 2016, Michael Reed (CEO) purchased 60,000 shares at $15.90 per share price.On May 10, 2016, Gregory William Freiberg (CFO) purchased 25,000 shares at $16.10 per share price, according to the Form-4 filing with the securities and exchange commission.

New Media Investment Group Inc. is a holding company. The Company is a publisher of locally-based print and online media. The Company owns operates and invests in local media assets. It focuses on owning and acquiring local media assets in small to mid-size markets. It focuses on business categories such as consumers and small to medium size businesses (SMBs). Its portfolio of media assets spans across 379 markets and 27 states. Its products include 452 community print publications 379 Websites 360 mobile sites and six yellow page directories. Its digital marketing services business Propel Marketing (Propel) offers a set of turn-key digital marketing services to SMBs that provides results to the business owners. It operates in four publication groups: Small Community Newspapers Metros Large Daily Newspapers and Local Media

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