New Media Investment: 2Q Earnings Snapshot
NEW YORK (AP) _ New Media Investment Group Inc. (NEWM) on Monday reported second-quarter net income of $2.8 million.
The New York-based company said it had profit of 5 cents per share. Earnings, adjusted for asset impairment costs, came to 7 cents per share.
The newspaper company posted revenue of $404.4 million in the period.
New Media Investment shares have declined 11% since the beginning of the year. The stock has declined 41% in the last 12 months.