New Media Investment Group Inc. ("New Media" or the "Company", NYSE:NEWM) announced today that it launched a public offering of 7,500,000 shares of its common stock. The underwriter may offer the shares from time to time for sale in one or more transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices. In connection with the offering, New Media has granted the underwriter an option for 30 days to purchase up to an additional 1,125,000 shares of New Media's common stock. New Media intends to use the net proceeds from this offering for general corporate purposes, which may include potential investments in, and acquisitions of, local media businesses and assets. Morgan Stanley is the sole underwriter for the offering. The offering is being made pursuant to New Media's effective shelf registration statement on Form S-3 filed with the U.S. Securities and Exchange Commission. The offering is being made only by means of a prospectus and a related prospectus supplement. Prospective investors should read the prospectus supplement and the prospectus in the registration statement on Form S-3 and other documents the Company has filed or will file with the Securities and Exchange Commission for more complete information about the Company and the offering. You may obtain these documents for free by visiting EDGAR on the U.S. Securities and Exchange Commission's website at www.sec.gov. Alternatively, copies of the prospectus and the prospectus supplement may be obtained from: Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, New York 10014, Attention: Prospectus Department. This press release does not constitute an offer to sell or the solicitation of an offer to buy shares of common stock, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.