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Share Name | Share Symbol | Market | Type |
---|---|---|---|
New Media Investment Group Inc | NYSE:NEWM | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 6.28 | 0 | 01:00:00 |
NEW MEDIA INVESTMENT GROUP INC.
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(Name of Issuer)
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Common Stock, par value $0.01 per share
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(Title of Class of Securities)
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64704V106 |
(CUSIP Number)
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Edward Levy
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810 Seventh Avenue, 33
rd
Floor
New York, New York 10019
212-495-5200
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
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July 19, 2019
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(Date of Event which Requires Filing of this Statement)
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CUSIP No.
64704V106
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13D
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Page 2 of 5 Pages
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1
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NAMES OF REPORTING PERSONS
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I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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Leon G. Cooperman
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)
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(a)
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☐
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(b)
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☒
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3
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SEC USE ONLY
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4
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SOURCE OF FUNDS (see instructions)
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WC
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5
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
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☒
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
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United States
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NUMBER OF COMMON SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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7
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SOLE VOTING POWER
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4,021,600
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8
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SHARED VOTING POWER
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25,000
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9
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SOLE DISPOSITIVE POWER
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4,021,600
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10
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SHARED DISPOSITIVE POWER
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25,000
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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4,046,600
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12
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions)
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☐
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
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6.69%
(1)
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14
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TYPE OF REPORTING PERSON (see instructions)
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IN
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(1)
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Based on 60,529,861 shares of Common Stock reported to be outstanding in the Issuer’s Quarterly Report on Form 10-Q filed on May 2, 2019. See Item
5(a) with respect to the shares of Common Stock beneficially held by Mr. Cooperman.
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CUSIP No.
64704V106
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13D
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Page 3 of 5 Pages
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a. |
The name of the reporting person is Leon G. Cooperman (“Mr. Cooperman”).
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b. |
The address of Mr. Cooperman is St. Andrews Country Club, 7118 Melrose Castle Lane, Boca Raton, FL 33496.
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c. |
Mr. Cooperman is engaged in, among other activities, investing for his own account. Mr. Cooperman is
married to an individual named Toby Cooperman. Mr. Cooperman is one of the Trustees of The Leon and Toby Cooperman Foundation (the “Foundation”), a charitable trust dated December 16, 1981. Mr. Cooperman has investment discretion over the
Common Stock held by the Uncommon Knowledge and Achievement, Inc. (the “Uncommon”), a 501(c)(3) Delaware charitable foundation. Mr. Cooperman has an adult son named Michael S. Cooperman and a minor grandchild named Asher Silvin Cooperman.
The Michael S. Cooperman WRA Trust (the “WRA Trust”), is an irrevocable trust for the benefit of Michael S. Cooperman. Mr. Cooperman has investment authority over the Common Stock held by Toby Cooperman, Michael S. Cooperman, the UTMA
account for Asher Silvin Cooperman, and the WRA Trust accounts.
Mr. Cooperman is the Managing Member of Omega Associates, L.L.C. (“Associates”), a limited liability
company organized under the laws of the State of Delaware. Associates is a private investment firm formed to invest in and act as general partner of investment partnerships or similar investment vehicles, including Omega Capital Partners,
L.P. (“Capital LP”), a limited partnership organized under the laws of the State of Delaware and comprised of family assets.
Mr. Cooperman is the ultimate controlling person of Associates. The principal business office of Associates is 810 Seventh Avenue, 33rd
Floor, New York, New York 10019.
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d. |
During the past five years Mr. Cooperman was not convicted in any criminal proceeding (excluding traffic violations or similar misdemeanors).
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e. |
During the last five years, Mr. Cooperman was a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state
securities laws or finding any violation with respect to such laws. Such proceeding is described below.
In September 2016, the Securities and Exchange Commission (“SEC”) filed a lawsuit against Mr. Cooperman and Omega Advisors, Inc., in the
United States District Court for the Eastern District of Pennsylvania, captioned SEC v. Cooperman et al., 16-cv-5043. The SEC’s complaint asserted a claim under Section 10(b) of the Securities Exchange Act of 1934 (the “Exchange Act”)
based on allegations that Mr. Cooperman traded in securities of a publicly traded company in July 2010 on the basis of material nonpublic information. The complaint also asserted claims under Section 13(d) and Section 16(a) of the Exchange
Act based on allegations that Mr. Cooperman did not timely report information about holdings and transactions in securities of publicly traded companies that he beneficially owned. In May 2017, Mr. Cooperman consented to the entry of a
final judgment, which the court entered later that month. Among other things, the final judgment—in which Mr. Cooperman neither admitted nor denied wrongdoing—permanently enjoined Mr. Cooperman from violating Section 10(b), Section 13(d),
and Section 16(a) of the Exchange Act; directed Mr. Cooperman to pay $4,947,139 in disgorgement, prejudgment interest, and civil penalties; and required Mr. Cooperman to retain an independent compliance consultant.
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f. |
Mr. Cooperman is a citizen of the United States of America.
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CUSIP No.
64704V106
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13D
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Page 4 of 5 Pages
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a. |
Mr. Cooperman may be deemed the beneficial owner of 4,046,600 shares of Common Stock, which constitutes approximately 6.69% of the total number of
Common Stock outstanding. This beneficial ownership includes: (i) 1,934,900 shares owned by Mr. Cooperman; (ii) 401,000 shares owned by Toby Cooperman; (iii) 1,000,000 shares owned by the Foundation; (iv) 250,000 Shares owned by the WRA
Trust; (v) 201,700 shares owned by Michael S. Cooperman; (vi) 4,000 shares owned by the UTMA account for Asher Silvin Cooperman; (vii) 230,000 shares owned by Capital LP; and (viii) 25,000 shares owned by the Uncommon.
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b. |
Mr. Cooperman has voting power over all of the above Common Stock. This includes: (i) 1,934,900 shares owned by Mr. Cooperman; (ii) 401,000 shares
owned by Toby Cooperman; (iii) 1,000,000 shares owned by the Foundation; (iv) 250,000 Shares owned by the WRA Trust; (v) 201,700 shares owned by Michael S. Cooperman; (vi) 4,000 shares owned by the UTMA account for Asher Silvin Cooperman;
(vii) 230,000 shares owned by Capital LP; and (viii) 25,000 shares owned by the Uncommon.
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c. |
The information in Item 4 is incorporated by reference. The following table details the transactions effected by Mr. Cooperman during the past sixty
days:
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Date of Transaction
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Type of Transaction
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Number of Issuer Common Stock
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Price per Issuer Common Stock
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How the Transaction was Effected
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5/21/2019
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Purchase of Common Stock
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2,920
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$9.6500
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Purchased on the NYSE
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5/22/2019
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Purchase of Common Stock
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149,751
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$9.3972
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Purchased on the NYSE
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5/23/2019
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Purchase of Common Stock
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72,500
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$9.1947
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Purchased on the NYSE
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5/24/2019
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Purchase of Common Stock
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10,000
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$9.0084
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Purchased on the NYSE
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5/28/2019
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Purchase of Common Stock
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32,500
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$8.8836
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Purchased on the NYSE
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5/29/2019
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Purchase of Common Stock
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15,000
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$8.5998
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Purchased on the NYSE
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7/19/2019
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Purchase of Common Stock
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280,200
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$9.7289
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Purchased on the NYSE
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7/22/2019
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Purchase of Common Stock
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230,000
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$10.1881
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Purchased on the NYSE
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d. |
Not applicable.
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e. |
Not applicable.
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CUSIP No.
64704V106
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13D
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Page 5 of 5 Pages
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LEON G. COOPERMAN
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/s/ Edward Levy
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Name
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Attorney-in-Fact |
Duly authorized under POA effective as of August 10, 2016 and filed on August 12, 2016
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July 23, 2019 |
Date
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1 Year New Media Investment Chart |
1 Month New Media Investment Chart |
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