New Media Completes the Sale of the Las Vegas Review-Journal for $140 million Resulting in an Approximate Gain of 69% and Announces Agreements to Purchase Two Media Assets with Total Purchase Price of $46.5 million
New Media LTM As Adjusted EBITDA Remains Largely Unchanged New Media Investment Group Inc. (“New Media” or the “Company”, NYSE:NEWM) today announced the sale of DB Nevada Holdings, Inc., publisher of the Las Vegas Review-Journal (“the Review-Journal”) and concurrently announced the agreement to acquire two local media assets in separate transactions.