New Media Investment Group Inc. is focused primarily on investing in a high quality, diversified portfolio of local media assets, and on growing existing advertising and digital marketing businesses.
NEWM results out today:
2013 revenue = 516M of which 48M digital
2013 EBITDA = 79M
MArket cap = 375M
Compare to DXM
2013 revenue = 2.18B of which 500M diigtal
2013 EBITDA = 866M
Market cap = 150M
IF DXM had the same valuation (and debt level ?) as NEWM based on EBITDA it would be worth about 27X today's share price or about $230.
from the NEWM .pdf presentation:
New Media would like to acquire $1 billion of newspaper and directory assets over the next three years.
We have invested $90 million to date and have a pipeline of $150 - 300 million of potential investments
How much debt does NEWM have?