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New Media Investment: 2Q Earnings Snapshot

August 5, 2019

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.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NEWM at https://www.zacks.com/ap/NEWM

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