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SC 13G Filing
Gannett (GCI) SC 13GNew Media Investment Group Inc.
Filed: 15 May 19, 9:44am
NEW MEDIA INVESTMENT GROUP INC. |
(Name of Issuer) |
Common Stock, par value $0.01 per share |
(Title of Class of Securities) |
64704V106 |
(CUSIP Number) |
May 9, 2019 |
(Date of Event Which Requires Filing of this Statement) |
CUSIP No. | 64704V106 | Page 2 of 5 |
1 | NAMES OF REPORTING PERSONS | ||||
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) | |||||
LEON G. COOPERMAN | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | ||||
(a) ☐ | |||||
(b) ☒ | |||||
3 | SEC USE ONLY | ||||
4 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||
United States | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER | |||
3,194,729 | |||||
6 | SHARED VOTING POWER | ||||
25,000 | |||||
7 | SOLE DISPOSITIVE POWER | ||||
3,194,729 | |||||
8 | SHARED DISPOSITIVE POWER | ||||
25,000 | |||||
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||
3,219,729 | |||||
10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ||||
☐ | |||||
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | ||||
5.32% | |||||
12 | TYPE OF REPORTING PERSON | ||||
IN | |||||
CUSIP No. | 64704V106 | Page 3 of 5 |
Item 1(a). | Name of Issuer: |
NEW MEDIA INVESTMENT GROUP INC. | |
Item 1(b). | Address of Issuer's Principal Executive Offices: |
1345 Avenue of the Americas, 45th Floor, New York NY 10105 | |
Item 2(a). | Name of Person Filing: |
This statement is filed on behalf of Leon G. Cooperman (“Mr. Cooperman”). Mr. Cooperman is engaged in, among other activities, investing for his own account. | |
Mr. Cooperman is married to an individual named Toby Cooperman, has an adult son named Michael S. Cooperman and has 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 Shares held by Toby Cooperman, Michael S. Cooperman, the UTMA account for Asher Silvin Cooperman, the WRA Trust accounts, and the Individual Retirement Accounts of Toby and Michael S. 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 Shares held by the Uncommon Knowledge and Achievement, Inc. (the “Uncommon”), a 501(c)(3) Delaware charitable foundation. | |
Item 2(b). | Address of Principal Business Office or, if none, Residence: |
St. Andrew's Country Club, 7118 Melrose Castle Lane, Boca Raton, FL 33496. | |
Item 2(c). | Citizenship: |
United States | |
Item 2(d). | Title of Class of Securities: |
Common Stock, par value $0.01 per share (the “Shares”) | |
Item 2(e). | CUSIP Number: |
64704V106 |
CUSIP No. | 64704V106 | Page 4 of 5 |
Item 3. | If This Statement Is Filed Pursuant to Sections 240.13d-1(b) or 240.13d-2(b) or (c); | ||
This Item 3 is inapplicable. | |||
Item 4. | Ownership. | ||
Provide the following information regarding the aggregate number and percentage of the class of securities of the Issuer identified in Item 1. | |||
(a)(b) | Amount beneficially owned and percent of Class: | ||
Mr. Cooperman may be deemed the beneficial owner of 3,219,729 Shares, which constitutes approximately 5.32% of the total number of Shares outstanding. This consists of 1,600,900 Shares owned by Mr. Cooperman; 401,700 Shares owned by Toby Cooperman; 787,329 Shares owned by the Foundation; 200,000 Shares owned by the WRA Trust; 201,000 Shares owned by Michael S. Cooperman; 3,800 Shares owned by the UTMA account for Asher Silvin Cooperman; and 25,000 Shares owned by the Uncommon. | |||
(c) | Number of shares as to which the person has: | ||
(i) | Sole power to vote or to direct the vote: | ||
3,194,729 | |||
(ii) | Shared power to vote or to direct the vote: | ||
25,000 | |||
(iii) | Sole power to dispose or to direct the disposition of: | ||
3,194,729 | |||
(iv) | Shared power to dispose or to direct the disposition of: | ||
25,000 |
CUSIP No. | 64704V106 | Page 5 of 5 |
Item 5. | Ownership of Five Percent or Less of a Class. |
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following ☐. | |
Item 6. | Ownership of More Than Five Percent on Behalf of Another Person. |
This Item 6 is not applicable. | |
Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. |
This Item 7 is not applicable. | |
Item 8. | Identification and Classification of Members of the Group. |
This Item 8 is not applicable. | |
Item 9. | Notice of Dissolution of Group. |
This Item 9 is not applicable. | |
Item 10. | Certification. |
LEON G. COOPERMAN | |
By: | /s/ Edward Levy |
Edward Levy | |
Attorney-in-Fact |