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Slide #14. New Media Investment Group Inc. — Victorville Daily Press along with other publications and related assets from Freedom Communications
New Media Investment Group Inc. (NEWM)
Victorville Daily Press along with other publications and related assets from Freedom Communications
New Media Investment Group Inc., ("New Media" or the "Company"; NYSE:NEWM), announced today that it acquired the Victorville Daily Press along with other publications and related assets from Freedom Communications for a purchase price of $8.0 million. The publications are located in and around Victorville, California with a circulation of about 50,000.
New Media Investment Group owns, operates and invests in local media assets focused in small to mid-size markets. Co.'s main products include: daily newspapers; weekly newspapers, which publishe up to three times per week; shoppers, which are generally advertising-only publications; locally-focused websites, which extend Co.'s businesses onto the internet and mobile devices; business publications; UpCurve Cloud and ThriveHive digital marketing; and GateHouse Live. In addition to its main products, Co. also produces publications that address specific local market interests such as recreation, sports, healthcare and real estate.
Open the NEWM Page at The Online Investor »
Strong Buy (4.00 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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