New Media Investment Group acquires Journal Multimedia for $18 million | S&P Global Market Intelligence

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New Media Investment Group acquires Journal Multimedia for $18 million

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2 May, 2016 | 17:11

New Media Investment Group acquires Journal Multimedia for $18 million

Author Calvin Men
Theme Technology, Media & Telecom

New Media InvestmentGroup Inc. completed an $18 million cash deal to acquire Journal Multimedia.

New Media Investment Group paid the $18 million price using cashon its balance sheet, the company said May 2.

Journal Multimedia's umbrella has a number of regional businessjournals, a research division, trade magazines and a digital marketing company.