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ROCHESTER, N.Y., Oct. 24 /PRNewswire-FirstCall/ -- GateHouse Media, Inc. (NYSE: GHS) today announced its initial public offering of 13,800,000 shares of common stock priced at $18.00 per share. GateHouse Media, Inc. also granted the underwriters an option to purchase up to an additional 2,070,000 shares of common stock.
The shares will begin trading on October 25, 2006, on the New York Stock Exchange under the symbol "GHS." The offering is expected to close on October 30, 2006. Goldman, Sachs & Co. and Wachovia Capital Markets, LLC are acting as joint book running managers and as representatives for the underwriters of this offering. A registration statement relating to these securities was declared effective as of October 24, 2006 by the Securities and Exchange Commission. Copies of the written prospectus related to the offering may be obtained from the Prospectus Department of Goldman, Sachs & Co., 85 Broad Street, New York, New York 10004, fax number: (212) 902-9316 or email: prospectus-ny@ny.email.gs.com; or the Equity Syndicate Department of Wachovia Capital Markets, LLC, 375 Park Avenue, 4th Floor, New York, New York 10152, email: equity.syndicate@wachovia.com. GateHouse Media, Inc. is one of the largest publishers of locally based print and online media in small and midsize markets in the United States. As of September 30, 2006, GateHouse's portfolio of products, which included 423 community publications and more than 230 related websites, served over 125,000 business advertisers and reached approximately 9 million people on a weekly basis. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Certain items in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including, but not necessarily limited to, statements regarding the closing of the offering, the anticipated issuance of shares by GateHouse Media and other statements that are not historical facts. Words such as "anticipate(s)," "expect(s)," "intend(s)," "plan(s)," "target(s)," "project(s)," "believe(s)," "seek(s)," "estimate(s)" and similar expressions are intended to identify such forward-looking statements. These statements are based on management's current expectations and beliefs and are subject to a number of factors that could lead to actual results materially different from those described in the forward-looking statements; GateHouse Media can give no assurance that its expectations will be attained. Factors that could cause actual results to differ materially from GateHouse Media's expectations include, but are not limited to, (a) customary closing conditions and (b) such other risk factors as may be discussed in the final prospectus relating to the offering and subsequent reports filed with the Securities and Exchange Commission. Such forward-looking statements speak only as of the date of this press release. GateHouse Media expressly disclaims any obligation to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the GateHouse Media's expectations with regard thereto or change in events, conditions or circumstances on which any statement is based. SOURCE GateHouse Media, Inc.