Common Stock Offering by New Media Investment Group

September 23, 2014

Cleary Gottlieb represented New Media Investment Group in its $120 million follow-on offering of approximately 7.5 million shares of common stock (including full exercise of the underwriters’ option to purchase additional shares of common stock from New Media). The follow-on offering was conducted as a block trade on a Form S-1 registration statement. The offering priced on September 17, 2014 at $16.25 per share and closed on September 23, 2014.

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 363 markets across 27 states and its portfolio of products includes 451 community publications, 367 related websites, and six yellow page directories, which serves more than 130,000 business advertising accounts and reaches over 12 million people on a weekly basis.