New Media Investment: 2Q Earnings Snapshot
NEW YORK (AP) _ New Media Investment Group Inc. (NEWM) on Thursday reported second-quarter net income of $11.7 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the New York-based company said it had profit of 20 cents.
The newspaper company posted revenue of $388.8 million in the period.
New Media Investment shares have climbed 5 percent since the beginning of the year. The stock has increased 25 percent in the last 12 months.