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New Media Announces Agreement to Acquire Halifax Media Group for $280.0 Million

January 12, 2015

NEW YORK, N.Y. November 20, 2014 – New Media Investment Group Inc. (NYSE: NEWM; “New Media” or the “Company”) announced today that it has reached an agreement to purchase substantially all of the assets of Halifax Media Group (“Halifax” or “Halifax Media”) for $280.0 million in cash, subject to working capital adjustments. New Media intends to fund the acquisition with a combination of cash on the balance sheet and incremental debt under its existing term loan. Halifax Media is a leading newspaper publisher serving communities primarily in the southeastern portion of the United States. Halifax publishes 36 newspapers, including 24 dailies, and affiliated websites, and has a total daily circulation of approximately 635,000 and 752,000 on Sunday.

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