|Company's Full Name:||New Media Investment Group Inc.|
|Short Name:||New Media Investment|
|Trading Ticker Symbol:||NEWM|
|Headquarter City/Country:||New York, NY|
|Primary Industry Sector:||Consumer Services|
|Seconday Sub-sector:||Newspapers Magazines|
|Main Business Areas:||Consumer Services, Newspapers Magazines, Consumer Cyclical, Publishing, Newspaper|
|Dividend Payments:||Dividend History|
|Current Share Price:||$6.28|
|Previous Year's Closing Price:||$11.57|
|Percentage Price Change (YTD):||-45.72%|
|Market Cap:||$379.82 million|
|52-week Price Range:||$5.85 - $14.11|
|Dividend Per Share:||$0|
New Media Investment Group Inc., incorporated on June 18, 2013, is a holding company. The Company owns, operates and invests in local media assets. The Company's segments include Eastern US Publishing, Central US Publishing, Western US Publishing and BridgeTower. It focuses on owning and acquiring local media assets in small to mid-size markets. The Company is a publisher of local newspapers and related publications. As of December 25, 2016, its portfolio of media assets spanned across 538 markets and 36 states. As of December 25, 2016, its products included 631 community print publications, 538 Websites and two yellow page directories. Its directory portfolio includes Surewest Directories located in and around the Sacramento, California area, primarily in Roseville, California. The Roseville directory serves the local Roseville community. It also owns additional directory based in Mt. Shasta, California. Propel is its business services product line with digital products designed for small and midsized businesses (SMBs). Propel's products help an SMB build a presence across digital platforms, help them get found by consumers, help them engage with and grow their customer base. It pulls these products together for the SMB with a customer dashboard, which integrates activity and results for all Propel products.
As of December 25, 2016, the Company's other products included 125 daily newspapers with total paid circulation of approximately 1.4 million; 314 weekly newspapers (published up to three times per week) with total paid circulation of approximately 315,000 and total free circulation of approximately 1.9 million; 124 shoppers (generally advertising-only publications) with total circulation of approximately three million; 538 locally-focused Websites, which extend its businesses onto the Internet and mobile devices with approximately 224 million page views per month; two yellow page directories with a total distribution of approximately 230,000; 68 business publications, and digital marketing and business services. In addition to its products, the Company also opportunistically produces niche publications that address specific local market interests, such as recreation, sports, healthcare and real estate. It also has a range of local and regional business-oriented publications that provide news and analysis. Its print and online products focus on the local community from a content, advertising and digital marketing perspective.
Eastern US Publishing
As of December 25, 2016, the Company's Eastern US Publishing segment operated in six publication group clusters: the New England Publishing Group, Cape Publishing Group, Providence Group, Mid-Atlantic Publishing Group, South Atlantic Publishing Group and Coastal Publishing Group. New England Publishing Group is a community newspaper publisher. It also publishes weekly newspapers. As of December 25, 2016, it served 108 communities in markets across eastern Massachusetts. As of December 25, 2016, it also had over 170 Websites with more than 4.5 million combined monthly visitors in Massachusetts. Cape Publishing Group includes Worcester, Massachusetts, the Cape Cod Media Group, the Southcoast Media Group and the Seacoast Media Group. Providence Publishing Group includes the Providence Journal, the Nantucket Island Media Group, and Norwich, Connecticut.
Mid-Atlantic Publishing Group includes the Hudson Valley Media Group, the Pocono Mountains Media Group, Delaware and the Honesdale cluster. South Atlantic Publishing Group includes publications in North Carolina, South Carolina, Tennessee and Virginia. Coastal Publishing Group includes publications in Florida and Alabama. As of December 25, 2016, the Florida cluster published nine daily newspapers, 10 weekly newspapers and four shoppers. In the northwest Florida panhandle, the Company published two dailies and eight weeklies across a 10-county area stretching from Franklin in the east to Santa Rosa in the west, and north to the state line as of December 25, 2016. As of December 25, 2016, in Alabama, it published two daily publications: The Tuscaloosa News and The Gadsden Times.
Central US Publishing
The Company's Central US Publishing segment operates in the states of Illinois, Ohio, New York, Michigan, Delaware, Pennsylvania and West Virginia. As of December 25, 2016, the Company publishes 14 paid daily newspapers, 15 paid weekly newspapers and 16 shopper, which provide coverage across the state. The Journal (Freeport, Illinois) Standard is published Tuesday through Sunday. The newspaper's coverage area includes Caroll, Jo Daviess, Ogle and Stephenson counties. The Journal Standard also publishes a Website journalstandard.com. The Peoria Journal Star is a newspaper distributed in Peoria, Tazewell and Woodford counties. As of December 25, 2016, it was also distributed in an additional approximately 17 surrounding counties. As of December 25, 2016, the Springfield State Journal-Register with a daily paid circulation of 24,059 and a paid Sunday circulation of 32,145 covered the state capital of Illinois.
In Columbus, Ohio, its Dispatch Media Group operates a range of print and digital news and information brands. As of December 25, 2016, its brand, Columbus Dispatch, had a daily circulation of over 107,000 and a Sunday circulation of 175,084. As of December 25, 2016, other affiliates of Dispatch Media Group included ThisWeek Community Newspapers (a group of 25 weekly community publications), Columbus Parent, alive!, Propel/DMG (with more than 21 Central Ohio Websites), Columbus Monthly, Columbus CEO, On Target Marketing/TheBAG and other specialty magazine publications, including Columbus Weddings, CityGuide, and Restaurant Guide, and a show division that produces The Columbus Dispatch Home & Garden Show, Columbus Weddings Show and The Fall Home & Garden & Holidayfest in central Ohio.
The Ohio cluster is anchored in Canton, Ohio and covers Stark and Tuscarawas counties. As of December 25, 2016, it consisted of three daily newspapers, three weekly publication and a monthly magazine. The Repository is a 37,791 daily newspaper that covers the area of Stark County. The (Dover New Philadelphia) Times Reporter is a 12,745 daily publication located 40 miles south of Canton in Tuscarawas County. The (Massillon) Independent is a 6,886 circulation daily that circulates in western Stark County. The Suburbanite is a 30,000 weekly publication that circulates in the affluent northern Stark county and southern Summit county area. Rounding out The Suburbanite family is the North Canton Suburbanite and Jackson Suburbanite. The Ohio facility also provides commercial print services to the New York Times and various regional publications.
As of December 25, 2016, the Utica operations included one daily and one weekly newspapers in Hamilton. As of December 25, 2016, Utica also had Websites with combined monthly visitors of over 340,000. As of December 25, 2016, in New York, the Company operated and owned a combination of 16 publications in Suburban Rochester that span four counties and had a combined circulation of 102,967. As of December 25, 2016, in southwestern New York, its operations are centered around five publications based in Steuben county. As of December 25, 2016, in Michigan, it had six dailies, Adrian, Monroe, Coldwater, Holland, Hillsdale and Sturgis, along with one weekly and seven shoppers. The Michigan Group also publishes various magazines, including Shoreline Magazine and Monroe Magazine. Its Pennsylvania/West Virginia cluster includes dailies in Erie and Waynesboro, Pennsylvania, Keyser and Ripley, West Virginia. As of December 25, 2016, it also had two weeklies in Ripley and a commercial printing operation in Ravenswood, West Virginia.
Western US Publishing
The Company's Western US Publishing segment operates in the states of Missouri, Arkansas, Texas, California, Kansas, Iowa, Louisiana, Minnesota, Oklahoma, Colorado, Nebraska, Oregon and North Dakota. As of December 25, 2016, it operated six daily newspapers, four weekly newspapers and five shoppers in Missouri. It served the Lake of the Ozarks area with its three daily newspapers, six weekly newspapers and three shoppers as of December 25, 2016. As of December 25, 2016, its Joplin cluster had three daily and seven weekly newspapers and four shoppers. As of December 25, 2016, its Kansas City cluster included eight publications (two daily and four weekly newspapers and two shoppers) located in the eastern Kansas city of Leavenworth and in Independence, Missouri. As of December 25, 2016, the Wichita cluster consisted of two dailies, five weeklies and three shoppers in the towns of El Dorado, Pratt, Wellington, Newton and McPherson near Wichita, Kansas. As of December 25, 2016, its operation in the state of Texas had 27 publications (four daily, nine weekly newspapers and thirteen shoppers). As of December 25, 2016, the group based in Texas consisted of two distinct operations. The first is a collection of small-market dailies and companion publications in central Texas in the towns of Stephenville, Brownwood and Waxahachie. The second is a shopper group serving the growing cities of the Rio Grande Valley in south Texas. These shoppers serve Brownville, Harlingen, Laredo, McAllen, Alice and Corpus Christi, Texas. The Herald Democrat principally serves Grayson county, Texas. The Herald Democrat has a digital platform with their Website, heralddemocrat.com. The Herald Democrat also published three weekly newspapers and four shoppers as of December 25, 2016.
In Louisiana, the Company has an operating cluster in the southwestern part of the state, located between Lake Charles and Alexandria. As of December 25, 2016, this cluster consisted of three publications located in the cities of Leesville and DeRidder. As of December 25, 2016, its Baton Rouge cluster consisted of three dailies, four weeklies and three shoppers in the southeastern Louisiana cities of Houma, Thibodaoux, Donaldsonville, Gonzales and Plaquemine. The Southwest Times-Record was the news source in Northwest Arkansas with a daily circulation of 21,125 as of December 25, 2016. The Southwest Times Record digital platform extends the newspaper's reach to consumers around the country through its Website, swtimes.com. As of December 25, 2016, the Southwest Times Record also published six weekly newspapers and a shopper and principally served Sebastian and Crawford counties in Arkansas and Le Flore and Sequoyah counties in Oklahoma with the metropolitan area served being Fort Smith, Arkansas. The Pine Bluff Commercial is a newspaper that serves the Central and Southeast Arkansas. The Examiner-Enterprise is a daily newspaper that publishes a weekly newspaper and a shopper. In the southern area, it operated in the Victorville, Barstow, Ridgecrest and Taft areas with three dailies, two shoppers and two weeklies, as of December 25, 2016. In the Northern area, it operated one daily newspaper in Yreka, four paid weekly papers in Dunsmuir, Mt. Shasta, Weed and Gridley, and two shoppers in Gridley and Mt. Shasta, as of December 25, 2016. In the Stockton, California area, it published one paid daily, one free weekly paper and two shoppers, as of December 25, 2016.
As of December 25, 2016, in Oregon, it published two paid daily papers and one shopper. Its publication include the Medford Mail Tribune and the Ashland Daily Tidings. Its weekly agricultural newspaper is The Ag Journal. It also has clusters in and around Grand Forks, North Dakota (home to the Grand Forks Air Force Base and the University of North Dakota) and Iowa. As of December 25, 2016, the Company was represented in southwestern Minnesota through seven paid weekly newspapers and three shoppers. As of December 25, 2016, the Ames Tribune was a newspaper with a daily circulation of 7,011. The Ames Tribune's digital platform allows customers, both local and nationally, to access content through its Website, amestrib.com. As of December 25, 2016, Ames Tribune also published five weekly newspapers and four shoppers.
The Company's BridgeTower segment comprises local and regional business-oriented publications, Websites, databases, live events, virtual events, thought leadership programs and research, operating in three main clusters: the Business Group, Legal Group and Best Companies Group (BCG). As of December 25, 2016, BridgeTower served over 60,000 paid, engaged subscribers and reached more than 250,000 readers across its publications and e-newsletters. Business Group is an owner of business journals in the United States, producing several daily, weekly, biweekly and monthly publications, as well as data products, Webinars and live events. Its business brands provide news and analysis for the business, construction, retail and real estate communities. In addition to digital and print advertising, the Business Group offers paid subscription products, live events and thought leadership programs. The Business Group includes publications, such as The Journal Record; City Business; Daily Journal of Commerce; Idaho Business Review; Long Island Business News; The Daily Reporter; NJBiz; Pet Age; Finance & Commerce; Lehigh Valley Business; Central Penn Business Journal; Central Penn Parent, Rochester Business Journal, and Daily Journal of Commerce.
Legal Group is an operator of regionally-focused legal publications in the United States., producing various daily, weekly and monthly publications, as well as data products, Webinars and live events. The Legal Group provides news, analysis and legal opinions for lawyers, judges and legislators. In addition to paid subscriptions, digital and print advertising, the Legal Group offers events, Webinars and legislative alert services. The Legal Group includes publications, such as Massachusetts Lawyers Weekly; Rhode Island Lawyers Weekly; Wisconsin Law Journal; Missouri Lawyers Weekly; North Carolina Lawyers Weekly; South Carolina Lawyers Weekly; Minnesota Lawyer; Michigan Lawyers Weekly; Virginia Lawyers Weekly; Arizona Capitol Times, and The Daily Record. BCG is BridgeTower's research unit and produces Best Places to Work data in markets and industry categories across the globe, with programs in the United States, the United Kingdom, Canada and North Africa. BCG collects data from employers and employees of its client companies and then analyzes that information to assess employee engagement. BCG also conducts custom research projects within industries, such as automotive, banking and healthcare.
The Company competes with the Boston Globe, boston.com, Gannett Company, Inc., 21st Century Media, Inc., Edward Sherman Company, Sun Publishing Company, RISN Operations, Inc., Tribune Publishing, The Observer Group, Hometown News, McClatchy, Sun Coast Media Group, Advance Local, Lee Enterprises, Gannett Company, Inc., Times-Shamrock Company, Community Newspaper Holdings, Inc., Ogden-Nutting, The Advocate, The American Press, The Joplin Globe, Wichita Eagle, The Dallas Morning News, Northwest Arkansas Democrat-Gazette, Des Moines Register, The Sacramento Bee, Modesto Bee, Lodi News Sentine, Advance Publications Inc., Pet Business and Pet Product News.
1345 Avenue of the Americas
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