$150 Million Common Stock Offering of New Media Investment Group

January 20, 2015

Cleary Gottlieb represented New Media Investment Group in its $150 million follow-on offering of 7 million shares of common stock. The follow-on offering was conducted as a block trade. The offering priced on January 13, 2015 at $21.70 per share and closed on January 20, 2015.

New Media is focused primarily on investing in a high quality, diversified portfolio of local media assets, and on growing existing advertising and digital marketing businesses. New Media is one of the largest publishers of locally based print and online media in the United States as measured by number of daily publications. New Media operates in 372 markets across 27 states and its portfolio of products includes 450 community publications, 372 related websites, and six yellow page directories, which serves more than 130,000 business advertising accounts and reaches over 14 million people on a weekly basis.