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Non-Tech : Bill Wexler's Trading Cabana

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To: Bill Wexler who wrote (6320)	1/28/2014 10:43:45 AM
From: Cautious_Optimist	Read Replies (1) of 6370

Newcastle Investment declares record date & distribution date for spin-off of New Media Investment Group (NEWM) 2:08 AM ET, 01/28/2014 - Briefing.com Newcastle Investment (NCT) announced that its Board has formally declared the distribution of its equity interest in New Media Investment Group. Newcastle's equity interest represents 25,373,120 shares, or ~85% of the total number of outstanding shares of New Media common stock. Following the distribution, New Media will be an independent, publicly traded company (NEWM) primarily focused on investing in local media assets and on growing its existing online advertising and digital marketing services business. The distribution will be made on or about February 13, 2014 to Newcastle common stockholders of record as of 5:00 p.m., Eastern Time, on February 6, 2014 Quote: nasdaq.com No upside delight... yet.... Did you sell into the news?

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