NEW YORK--(BUSINESS WIRE)--New Media Investment Group Inc. (“New Media” or the “Company”, NYSE:NEWM) has named Peter Cannone Chief Executive Officer of Propel Marketing (“Propel”). Cannone, who started in early November, joins Propel with over 25 years of experience growing sales organizations and leading technology companies focused on serving the needs of small and medium sized businesses (“SMBs”).
Peter Newton, CEO of Propel Business Services, commented, “We are thrilled to have Peter Cannone join Propel and believe his extensive leadership experience, combined with his proven track record building significant and profitable businesses, will help lead Propel into its next phase of growth.”
Peter Cannone added, “Today, SMBs don’t have the time, the resources, or the expertise to navigate the ever-changing and complex digital marketing services sector. Given Propel’s full suite of products and services, expansive reach, and in-market local presence, I see an enormous opportunity to scale this business across the United States.”
Propel Marketing will continue to be part of Propel Business Services led by Peter Newton.
About New Media Investment Group Inc.
New Media is focused primarily on investing in a high quality, diversified portfolio of local media assets, and on growing existing advertising and digital marketing businesses. The Company is one of the largest publishers of locally based print and online media in the United States as measured by our 125 daily publications. As of September 27, 2015, the Company operates in over 490 markets across 32 states. New Media’s portfolio of products, as of September 27, 2015, include over 575 community publications and over 490 related websites, serve more than 215,000 business advertising accounts and reach over 22 million people on a weekly basis.
For more information regarding New Media and to be added to our email distribution list, please visit www.newmediainv.com.