Document:

Form of Indemnification Agreement

 Exhibit 10.11 

INDEMNIFICATION AGREEMENT 

AGREEMENT, dated as of         , 2013 (this “Agreement”), between New Media Investment Group
Inc., a Delaware corporation (the “Company”), and         (“Indemnitee”). 

WHEREAS, it is essential to the Company to retain and attract as directors and officers the most capable persons available; 

WHEREAS, Indemnitee is a director and/or officer of the Company; 

WHEREAS, both the Company and Indemnitee recognize the increased risk of litigation and other claims being asserted against directors and
officers of public companies in today’s environment; 
 WHEREAS, the Company’s Amended and Restated Certificate of Incorporation,
as amended from time to time (“Certificate of Incorporation”) and Amended and Restated Bylaws, as amended from time to time (“Bylaws”) require the Company to indemnify and advance expenses to its directors and officers to the
fullest extent permitted by law and the Indemnitee has been serving and continues to serve as a director and/or officer of the Company in part in reliance on such Certificate of Incorporation and Bylaws; 

WHEREAS, uncertainties as to the availability of indemnification created by recent court decisions may increase the risk that the Company will
be unable to retain and attract as directors and officers the most capable persons available; 
 WHEREAS, the board of directors of the
Company (“Board of Directors”) has determined that the inability of the Company to retain and attract as directors and officers the most capable persons would be detrimental to the interests of the Company and that the Company therefore
should seek to assure such persons that indemnification and insurance coverage will be available in the future; 
 WHEREAS, the parties
intend that any rights the Indemnitee may have from Indemnitee-Related Entities (as defined herein) shall be secondary to the primary obligation of the Company to indemnify and hold harmless the Indemnitee under this Agreement; and 

WHEREAS, in recognition of Indemnitee’s need for protection against personal liability, and in part to provide Indemnitee with specific
contractual assurance that the protection promised by the Company’s Certificate of Incorporation and Bylaws will be available to Indemnitee (regardless of, among other things, any amendment to or revocation of such Certificate of Incorporation
and Bylaws or any change in the composition of the Company’s Board of Directors or acquisition transaction relating to the Company), the Company wishes to provide in this Agreement for the indemnification of and the advancing of expenses to
Indemnitee to the fullest extent (whether partial or complete) permitted by law and as set forth in this Agreement, and for the continued coverage of Indemnitee under the directors’ and officers’ liability insurance policy of the Company.

 NOW, THEREFORE, in consideration of the premises and of Indemnitee continuing to serve the
Company directly or, at its request, another enterprise, and intending to be legally bound hereby, the parties hereto agree as follows: 
 1.
Certain Definitions. In addition to terms defined elsewhere herein, the following terms have the following meanings when used in this Agreement: 
  

	 	(a)	Change in Control: shall be deemed to have occurred if (i) any “person” (as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended), other than Fortress
Investment Group LLC and its affiliates and other than a trustee or other fiduciary holding securities under an employee benefit plan of the Company or a corporation owned directly or indirectly by the stockholders of the Company in substantially
the same proportions as their ownership of shares of the Company, is or becomes the “beneficial owner” (as defined in Rule 13d-3 under said Act), directly or indirectly, of securities of the Company representing 20% or more of the total
voting power represented by the Company’s then outstanding Voting Securities, or (ii) during any period of two consecutive years, individuals who at the beginning of such period constitute the Board of Directors and any new director whose
election by the Board of Directors or nomination for election by the Company’s stockholders was approved by a vote of at least two-thirds (2/3) of the directors then still in office who either were directors at the beginning of the period
or whose election or nomination for election was previously so approved, cease for any reason to constitute a majority thereof, or (iii) the stockholders of the Company approve a merger or consolidation of the Company with any other entity
other than a merger or consolidation which would result in the Voting Securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into Voting Securities of the
surviving entity) at least 80% of the total voting power represented by the Voting Securities of the Company or such surviving entity outstanding immediately after such merger or consolidation, or the stockholders of the Company approve a plan of
complete liquidation of the Company or an agreement for the sale or disposition by the Company of (in one transaction or a series of transactions) all or substantially all of the Company’s assets. 

  
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	 	(b)	Claim: means any threatened, asserted, pending or completed action, suit or proceeding, whether civil, criminal, administrative, investigative or other, including any arbitration or other alternative dispute
resolution mechanism, or any appeal of any kind thereof, or any inquiry or investigation, whether instituted by (or in the right of) the Company or any governmental agency or any other person or entity, in which Indemnitee was, is, may be or will be
involved as a party, witness or otherwise. 

  

	 	(c)	ERISA: means the Employee Retirement Income Security Act of 1974, as amended. 

  

	 	(d)	Expenses: include attorneys’ fees and all other direct or indirect costs, expenses and obligations, including judgments, fines, penalties, interest, appeal bonds, amounts paid in settlement with the approval
of the Company, and counsel fees and disbursements (including, without limitation, experts’ fees, court costs, retainers, appeal bond premiums, transcript fees, duplicating, printing and binding costs, as well as telecommunications, postage and
courier charges) paid or incurred in connection with investigating, prosecuting, defending, being a witness in or participating in (including on appeal), or preparing to investigate, prosecute, defend, be a witness in or participate in, any Claim
relating to any Indemnifiable Event, and shall include (without limitation) all attorneys’ fees and all other expenses incurred by or on behalf of an Indemnitee in connection with preparing and submitting any requests or statements for
indemnification, advancement or any other right provided by this Agreement (including, without limitation, such fees or expenses incurred in connection with legal proceedings contemplated by Section 2(d) hereof). 

 

	 	(e)	Indemnifiable Amounts: means (i) any and all liabilities, Expenses, damages, judgments, fines, penalties, ERISA excise taxes and amounts paid in settlement (including all interest, assessments and other
charges paid or payable in connection with or in respect of such liabilities, Expenses, damages, judgments, fines, penalties, ERISA excise taxes or amounts paid in settlement) arising out of or resulting from any Claim relating to an Indemnifiable
Event, (ii) any liability pursuant to a loan guaranty or otherwise, for any indebtedness of the Company or any subsidiary of the Company, including, without limitation, any indebtedness which the Company or any subsidiary of the Company has
assumed or taken subject to, and (iii) any liabilities which an Indemnitee incurs as a result of acting on behalf of the Company (whether as a fiduciary or otherwise) in connection with the operation, administration or maintenance of an
employee benefit plan or any related trust or funding mechanism (whether such liabilities are in the form of excise taxes assessed by the United States Internal Revenue Service, penalties assessed by the Department of Labor, restitutions to such a
plan or trust or other funding mechanism or to a participant or beneficiary of such plan, trust or other funding mechanism, or otherwise). 

  
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	 	(f)	Indemnifiable Event: means any event or occurrence, whether occurring before, on or after the date of this Agreement, related to the fact that Indemnitee is or was a director and/or officer or fiduciary of the
Company, or is or was serving at the request of the Company as a director, officer, employee, manager, member, partner, tax matter partner, trustee, agent, fiduciary or similar capacity, of another company, corporation, limited liability company,
partnership, joint venture, employee benefit plan, trust or other entity or enterprise, or by reason of anything done or not done by Indemnitee in any such capacity (in all cases whether or not Indemnitee is acting or serving in any such capacity or
has such status at the time any Indemnifiable Amount is incurred for which indemnification, advancement or any other right can be provided by this Agreement). The term “Company,” where the context requires when used in this Agreement, may
be construed to include such other company, corporation, limited liability company, partnership, joint venture, employee benefit plan, trust or other entity or enterprise. 

 

	 	(g)	Indemnitee-Related Entities: means any company, corporation, limited liability company, partnership, joint venture, trust, employee benefit plan or other entity or enterprise (other than the Company or any other
company, corporation, limited liability company, partnership, joint venture, trust, employee benefit plan or other entity or enterprise Indemnitee has agreed, on behalf of the Company or at the Company’s request, to serve as a director,
officer, employee or agent and which service is covered by the indemnity described in this Agreement) from whom an Indemnitee may be entitled to indemnification or advancement of Expenses with respect to which, in whole or in part, the Company may
also have an indemnification or advancement obligation. 

  

	 	(h)	Independent Legal Counsel: means an attorney or firm of attorneys (following a Change in Control, selected in accordance with the provisions of Section 3 hereof) who is experienced in matters of corporate
law and who shall not have otherwise performed services for the Company or Indemnitee within the last five years (other than with respect to matters concerning the rights of Indemnitee under this Agreement, or of other indemnitees under similar
indemnity agreements). 

  
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	 	(i)	Jointly Indemnifiable Claim: means any Claim for which the Indemnitee may be entitled to indemnification from both an Indemnitee-Related Entity and the Company pursuant to applicable law, any indemnification
agreement or the certificate of incorporation, by-laws, partnership agreement, operating agreement, certificate of formation, certificate of limited partnership or comparable organizational documents of the Company and an Indemnitee-Related Entity.

  

	 	(j)	Reviewing Party: means any appropriate person or body consisting of a member or members of the Board of Directors or any other person or body appointed by the Board of Directors who is not a party to the
particular Claim for which Indemnitee is seeking indemnification, or Independent Legal Counsel. 

  

	 	(k)	Voting Securities: means any securities of the Company which vote generally in the election of directors. 

2. Basic Indemnification Arrangement; Advancement of Expenses. 
  

	 	(a)	In the event Indemnitee was, is or becomes a party to or witness or other participant in, or is threatened to be made a party to or witness or other participant in, a Claim by reason of (or arising in part out of) an
Indemnifiable Event, the Company shall indemnify Indemnitee, or cause Indemnitee to be indemnified, to the fullest extent permitted by law as soon as practicable but in any event no later than thirty (30) days after written demand is presented
to the Company, and hold Indemnitee harmless against any and all Indemnifiable Amounts. 

  

	 	(b)	If so requested by Indemnitee, the Company shall advance, or cause to be advanced (within two business days of such request), any and all Expenses incurred by Indemnitee (an “Expense Advance”). The Company
shall, in accordance with such request (but without duplication), either (i) pay, or cause to be paid, such Expenses on behalf of Indemnitee, or (ii) reimburse, or cause the reimbursement of, Indemnitee for such Expenses. Subject to
Section 2(d), Indemnitee’s right to an Expense Advance is absolute and shall not be subject to any prior determination by the Reviewing Party that the Indemnitee has satisfied any applicable standard of conduct for indemnification.

  

	 	(c)	Notwithstanding anything in this Agreement to the contrary, Indemnitee shall not be entitled to indemnification or advancement of Expenses pursuant to this Agreement in connection with any Claim initiated by Indemnitee
unless (i) the Company has joined in or the Board of Directors has authorized or consented to the initiation of such Claim or (ii) the Claim is one to enforce Indemnitee’s rights under this Agreement. 

  
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	 	(d)	Notwithstanding the foregoing, (i) the indemnification obligations of the Company under Section 2(a) shall be subject to the condition that the Reviewing Party shall not have determined (in a written legal
opinion, in any case in which the Independent Legal Counsel is involved as required by Section 3 hereof) that Indemnitee would not be permitted to be indemnified under applicable law, and (ii) the obligation of the Company to make an
Expense Advance pursuant to Section 2(b) shall be subject to the condition that, if, when and to the extent that the Reviewing Party determines (in a written legal opinion, in any case in which the Independent Legal Counsel is involved as
required by Section 3 hereof) that Indemnitee would not be permitted to be so indemnified under applicable law, the Company shall be entitled to be reimbursed by Indemnitee (who hereby agrees to reimburse the Company) for all such amounts
theretofore paid (it being understood and agreed that the foregoing agreement by Indemnitee shall be deemed to satisfy any requirement that Indemnitee provide the Company with an undertaking to repay any Expense Advance if it is ultimately
determined that the Indemnitee is not entitled to indemnification under applicable law); provided, however, that if Indemnitee has commenced or thereafter commences legal proceedings in a court of competent jurisdiction to secure a
determination that Indemnitee should be indemnified under applicable law, any determination made by the Reviewing Party that Indemnitee would not be permitted to be indemnified under applicable law shall not be binding and Indemnitee shall not be
required to reimburse the Company for any Expense Advance until a final judicial determination is made with respect thereto (as to which all rights of appeal therefrom have been exhausted or lapsed). Indemnitee’s undertaking to repay such
Expense Advances shall be unsecured and interest-free. If there has not been a Change in Control, the Reviewing Party shall be selected by the Board of Directors, and if there has been such a Change in Control, the Reviewing Party shall be the
Independent Legal Counsel referred to in Section 3 hereof. If there has been no determination by the Reviewing Party within thirty (30) days after written demand is presented to the Company or if the Reviewing Party determines that
Indemnitee would not be permitted to be indemnified in whole or in part under applicable law, Indemnitee shall have the right to commence litigation in any court in the State of New York or the State of Delaware having subject matter jurisdiction
thereof and in which venue is proper seeking an initial determination by the court or challenging any such determination by the Reviewing Party or any aspect thereof, including the legal or factual bases therefor, and the Company hereby consents to
service of process and to appear in any such proceeding. Any determination by the Reviewing Party otherwise shall be conclusive and binding on the Company and Indemnitee. 

  
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 3. Change in Control. The Company agrees that if there is a Change in Control then with
respect to all matters thereafter arising concerning the rights of Indemnitee to indemnity payments and Expense Advances under this Agreement or any provision of the Company’s Certificate of Incorporation or the Bylaws now or hereafter in
effect, the Company shall seek legal advice only from Independent Legal Counsel selected by Indemnitee and approved by the Company (which approval shall not be unreasonably delayed, conditioned or withheld). Such counsel, among other things, shall
render its written opinion to the Company and Indemnitee as to whether and to what extent the Indemnitee would be permitted to be indemnified under applicable law. The Company agrees to pay the reasonable fees of the Independent Legal Counsel and to
indemnify fully such counsel against any and all expenses (including attorneys’ fees), claims, liabilities and damages arising out of or relating to this Agreement or its engagement pursuant hereto. 

4. Indemnification for Additional Expenses. The Company shall indemnify, or cause the indemnification of, Indemnitee against any and
all Expenses and, if requested by Indemnitee, shall advance such Expenses to Indemnitee subject to and in accordance with Section 2(b), which are incurred by Indemnitee in connection with any action brought by Indemnitee for
(i) indemnification or an Expense Advance by the Company under this Agreement or any provision of the Company’s Certificate of Incorporation or the Bylaws now or hereafter in effect and/or (ii) recovery under any directors’ and
officers’ liability insurance policies maintained by the Company, regardless of whether Indemnitee ultimately is determined to be entitled to such indemnification, Expense Advance or insurance recovery, as the case may be; provided that
Indemnitee shall be required to reimburse such Expenses in the event that a final judicial determination is made (as to which all rights of appeal therefrom have been exhausted or lapsed) that such action brought by Indemnitee, or the defense by
Indemnitee of an action brought by the Company or any other person, as applicable, was frivolous or in bad faith. 
 5. Partial
Indemnity, Etc. If Indemnitee is entitled under any provision of this Agreement to indemnification by the Company for some or a portion of the Expenses or other Indemnifiable Amounts in respect of a Claim but not, however, for all of the total
amount thereof, the Company shall nevertheless indemnify Indemnitee for the portion thereof to which Indemnitee is entitled. Moreover, notwithstanding any other provision of this Agreement, to the extent that Indemnitee has been successful on the
merits or otherwise in defense of any or all Claims relating in whole or in part to an Indemnifiable Event or in defense of any issue or matter therein, including dismissal without prejudice, Indemnitee shall be indemnified against all Expenses
incurred in connection therewith. 
 6. Burden of Proof, Etc. In connection with any determination by the Reviewing Party or
otherwise as to whether Indemnitee is entitled to be indemnified hereunder the Reviewing Party, court, any finder of fact or other relevant person shall presume that the Indemnitee has satisfied the applicable standard of conduct and is entitled to
indemnification, and the burden of proof shall be on the Company (or any other person or entity disputing such conclusions) to establish, by clear and convincing evidence, that Indemnitee is not so entitled. 

  
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 7. Reliance as Safe Harbor. For purposes of this Agreement, Indemnitee shall be deemed to
have acted in good faith and in a manner he or she reasonably believed to be in or not opposed to the best interests of the Company if Indemnitee’s actions or omissions to act are taken in good faith reliance upon the records of the Company,
including its financial statements, or upon information, opinions, reports or statements furnished to Indemnitee by the officers or employees of the Company in the course of their duties, or by committees of the Board of Directors, or by any other
person (including legal counsel, accountants and financial advisors) as to matters Indemnitee reasonably believes are within such other person’s professional or expert competence and who has been selected with reasonable care by or on behalf of
the Company. In addition, the knowledge and/or actions, or failures to act, of any director, officer, agent or employee of the Company shall not be imputed to Indemnitee for purposes of determining the right to indemnity hereunder. 

8. No Other Presumptions. For purposes of this Agreement, the termination of any Claim by judgment, order, settlement (whether with or
without court approval) or conviction, or upon a plea of nolo contendere, or its equivalent, shall not create a presumption that Indemnitee did not meet any particular standard of conduct or have any particular belief or that a court has determined
that indemnification is not permitted by applicable law. In addition, neither the failure of the Reviewing Party to have made a determination as to whether Indemnitee has met any particular standard of conduct or had any particular belief, nor an
actual determination by the Reviewing Party that Indemnitee has not met such standard of conduct or did not have such belief, prior to the commencement of legal proceedings by Indemnitee to secure a judicial determination that Indemnitee should be
indemnified under applicable law shall be a defense to Indemnitee’s claim or create a presumption that Indemnitee has not met any particular standard of conduct or did not have any particular belief. 

9. Nonexclusivity, Etc. The rights of the Indemnitee hereunder shall be in addition to any other rights Indemnitee may have under the
Company’s Certificate of Incorporation, the Bylaws or the Delaware General Corporation Law or otherwise. To the extent that a change in applicable law (whether by statute or judicial decision) permits greater indemnification by agreement than
would be afforded currently under the Company’s Certificate of Incorporation, the Bylaws or this Agreement, it is the intent of the parties hereto that Indemnitee shall enjoy by this Agreement the greater benefits so afforded by such change. To
the extent that there is a conflict or inconsistency between the terms of this Agreement, the Company’s Certificate of Incorporation or the Bylaws, it is the intent of the parties hereto that the Indemnitee shall enjoy the greater benefits
regardless of whether contained herein or in the Company’s Certificate of Incorporation or the Bylaws. No amendment or alteration of the Company’s Certificate of Incorporation or the Bylaws or any other agreement shall adversely affect the
rights provided to Indemnitee under this Agreement. 

  
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 10. Liability Insurance. To the extent the Company maintains an insurance policy or
policies providing directors’ and officers’ liability insurance, the Indemnitee shall be covered by such policy or policies in accordance with its or their terms to the maximum extent of the coverage available for the Company’s
directors and officers. If the Company has such insurance in effect at the time the Company receives from Indemnitee any notice of the commencement of an action, suit or proceeding, the Company shall give prompt notice of the commencement of such
action, suit or proceeding to the insurers in accordance with the procedures set forth in the policy. The Company shall thereafter take all necessary or desirable action to cause such insurers to pay, on behalf of Indemnitee, all amounts payable as
a result of such proceeding in accordance with the terms of such policy. 
 11. Period of Limitations. No legal action shall be
brought and no cause of action shall be asserted by or in the right of the Company against Indemnitee, Indemnitee’s spouse, heirs, executors or personal or legal representatives after the expiration of two years from the date of accrual of such
cause of action, and any claim or cause of action of the Company shall be extinguished and deemed released unless asserted by the timely filing of a legal action within such two-year period; provided, however, that if any shorter period of
limitations is otherwise applicable to any such cause of action such shorter period shall govern. 
 12. Amendments, Etc. No
supplement, modification or amendment of this Agreement shall be binding unless executed in writing by both of the parties hereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other
provisions hereof (whether or not similar) nor shall such waiver constitute a continuing waiver. 
 13. Subrogation. Subject to
Section 14 hereof, in the event of payment under this Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of recovery of Indemnitee, who shall execute all papers reasonably required and shall do
everything that may be reasonably necessary to secure such rights, including the execution of such documents necessary to enable the Company effectively to bring suit to enforce such rights. The Company shall pay or reimburse all Expenses actually
and reasonably incurred by Indemnitee in connection with such subrogation. 
 14. Jointly Indemnifiable Claims. Given that certain
Jointly Indemnifiable Claims may arise due to the relationship between the Indemnitee-Related Entities and the Company and the service of the Indemnitee as a director and/or officer of the Company at the request of the Indemnitee-Related Entities,
the Company acknowledges and agrees that the Company shall be fully and primarily responsible for the payment to the Indemnitee in respect of indemnification and advancement of expenses in connection with any such Jointly Indemnifiable Claim,
pursuant to and in accordance with the terms of this Agreement, irrespective of any right of recovery the Indemnitee may have from the Indemnitee-Related Entities. Under no circumstance shall the Company be entitled to any right of subrogation or
contribution by the Indemnitee-Related Entities and no right of recovery the Indemnitee may have from the Indemnitee-Related Entities shall reduce or otherwise alter the rights of the Indemnitee or the obligations of the Company

  
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hereunder. In the event that any of the Indemnitee-Related Entities shall make any payment to the Indemnitee in respect of indemnification or advancement of Expenses with respect to any Jointly
Indemnifiable Claim, the Company agrees that such payment or advancement shall not extinguish or affect in any way the rights of the Indemnitee under this Agreement and further agrees that the Indemnitee-Related Entity making such payment shall be
subrogated to the extent of such payment to all of the rights of recovery of the Indemnitee against the Company. Each of the Indemnitee-Related Entities shall be third-party beneficiaries with respect to this Section 14, entitled to enforce
this Section 14 against the Company as though each such Indemnitee-Related Entity were a party to this Agreement. 
 15. No
Duplication of Payments. Subject to Section 14 hereof, the Company shall not be liable under this Agreement to make any payment in connection with any Claim made against Indemnitee to the extent Indemnitee has otherwise actually received
payment (under any insurance policy, or any provision of the Company’s Certificate of Incorporation or the Bylaws or otherwise) of the amounts otherwise indemnifiable hereunder. 

16. Defense of Claims. The Company shall be entitled to participate in the defense of any Claim relating to an Indemnifiable Event or
to assume the defense thereof, with counsel reasonably satisfactory to the Indemnitee; provided that if Indemnitee believes, after consultation with counsel selected by Indemnitee, that (i) the use of counsel chosen by the Company to
represent Indemnitee would present such counsel with an actual or potential conflict of interest, (ii) the named parties in any such Claim (including any impleaded parties) include both the Company, or any subsidiary of the Company, and
Indemnitee and Indemnitee concludes that there may be one or more legal defenses available to him or her that are different from or in addition to those available to the Company or any subsidiary of the Company, or (iii) any such representation
by such counsel would be precluded under the applicable standards of professional conduct then prevailing, then Indemnitee shall be entitled to retain separate counsel (but not more than one law firm plus, if applicable, local counsel in respect of
any particular Claim) at the Company’s expense. The Company shall not be liable to Indemnitee under this Agreement for any amounts paid in settlement of any Claim relating to an Indemnifiable Event effected without the Company’s prior
written consent. The Company shall not, without the prior written consent of the Indemnitee, effect any settlement of any Claim relating to an Indemnifiable Event which the Indemnitee is or could have been a party unless such settlement solely
involves the payment of money and includes a complete and unconditional release of Indemnitee from all liability on all claims that are the subject matter of such Claim. Neither the Company nor Indemnitee shall unreasonably withhold, condition or
delay its or his or her consent to any proposed settlement; provided that Indemnitee may withhold consent to any settlement that does not provide a complete and unconditional release of Indemnitee. In no event shall Indemnitee be required to
waive, prejudice or limit attorney-client privilege or work-product protection or other applicable privilege or protection. 

  
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 17. No Adverse Settlement. The Company shall not seek, nor shall it agree to, consent to,
support, or agree not to contest any settlement or other resolution of any Claim(s), or settlement or other resolution of any other claim, action, proceeding, demand, investigation or other matter that has the actual or purported effect of
extinguishing, limiting or impairing Indemnitee’s rights hereunder, including without limitation the entry of any bar order or other order, decree or stipulation, pursuant to 15 U.S.C. § 78u-4 (the Private Securities Litigation Reform
Act), or any similar foreign, federal or state statute, regulation, rule or law. 
 18. Binding Effect, Etc. This Agreement shall be
binding upon and inure to the benefit of and be enforceable by the parties hereto and their respective successors, (including any direct or indirect successor or continuing company by purchase, merger, consolidation or otherwise to all or
substantially all of the business and/or assets of the Company), assigns, spouses, heirs, executors and personal and legal representatives. The Company shall require and cause any successor (whether direct or indirect by purchase, merger,
consolidation, or otherwise) to all or substantially all of the business and/or assets of the Company, by written agreement in form and substance satisfactory to Indemnitee and his or her counsel, expressly to assume and agree to perform this
Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place. This Agreement shall continue in effect regardless of whether Indemnitee continues to serve as an officer and/or
director of the Company or of any other entity or enterprise at the Company’s request. 
 19. Security. To the extent requested
by Indemnitee and approved by the Board of Directors, the Company may at any time and from time to time provide security to Indemnitee for the obligations of the Company hereunder through an irrevocable bank line of credit, funded trust or other
collateral or by other means. Any such security, once provided to Indemnitee, may not be revoked or released without the prior written consent of such Indemnitee. 

20. Severability. If any provision or provisions of this Agreement shall be held to be invalid, illegal or unenforceable for any reason
whatsoever, (a) the validity, legality and enforceability of the remaining provisions of this Agreement (including, without limitation, all portions of any paragraph of this Agreement containing any such provision held to be invalid, illegal or
unenforceable, that are not themselves invalid, illegal or unenforceable) shall not in any way be affected or impaired thereby and (b) to the fullest extent possible, the provisions of this Agreement (including, without limitation, all portions
of any paragraph of this Agreement containing any such provision held to be invalid, illegal or unenforceable) shall be construed so as to give effect to the intent manifested by the provision held invalid, illegal or unenforceable and to give
effect to the terms of this Agreement. 
 21. Specific Performance, Etc. The parties recognize that if any provision of this
Agreement is violated by the Company, Indemnitee may be without an adequate remedy at law. Accordingly, in the event of any such violation, Indemnitee shall be entitled, if Indemnitee so elects, to institute proceedings, either in law or at equity,
to obtain damages, to enforce specific performance, to enjoin such violation, or to obtain any relief or any combination of the foregoing as Indemnitee may elect to pursue. 

  
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 22. Notices. All notices, requests, consents and other communications hereunder to
any party shall be deemed to be sufficient if contained in a written document delivered in person or sent by facsimile, nationally recognized overnight courier or personal delivery, addressed to such party at the address set forth below or such
other address as may hereafter be designated on the signature pages of this Agreement or in writing by such party to the other parties: 
  

	 	(a)	If to the Company, to: 

 New Media Investment Group Inc. 

c/o FIG LLC 
 1345 Avenue of the
Americas 
 New York, New York 10105 

Attention: 
 Fax: 

with a copy (which shall not constitute notice) to: 

Cleary Gottlieb Steen & Hamilton LLP 

1 Liberty Plaza 
 New York, New
York 10006 
 Fax: (212) 225-3999 

Attn: Duane McLaughlin, Esq. 
  

	 	(b)	If to the Indemnitee, to the address set forth on the signature page hereto. 

 All such notices, requests,
consents and other communications shall be deemed to have been given or made if and when received (including by overnight courier) by the parties at the above addresses or sent by electronic transmission, with confirmation received, to the facsimile
numbers specified above (or at such other address or facsimile number for a party as shall be specified by like notice). Any notice delivered by any party hereto to any other party hereto shall also be delivered to each other party hereto
simultaneously with delivery to the first party receiving such notice. 
 23. Counterparts. This Agreement may be executed in
counterparts, each of which shall for all purposes be deemed to be an original but all of which together shall constitute one and the same agreement. Only one such counterpart signed by the party against whom enforceability is sought needs to be
produced to evidence the existence of this Agreement. 
 24. Headings. The headings of the sections and paragraphs of this Agreement
are inserted for convenience only and shall not be deemed to constitute part of this Agreement or to affect the construction or interpretation thereof. 

25. Governing Law. This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of Delaware
applicable to contracts made and to be performed in such state without giving effect to the principles of conflicts of laws. 

  
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 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above
written. 
  

			
	NEW MEDIA INVESTMENT GROUP INC.
		
	By:	 	 
		 	Name:
		 	Title:
		
		 	 
		 	[Indemnitee]Form of Cooperation Agreement

 Exhibit 10.30 

COOPERATION AGREEMENT 

by and between 

NEWCASTLE INVESTMENT CORP. 

and 
 NEW MEDIA
INVESTMENT GROUP INC. 
 dated as of 

[—], 2013 

 TABLE OF CONTENTS 

 

							
	ARTICLE I	  
	
	DEFINITIONS	  
			
	Section 1.1	 	Definitions	  	 	1	  
	Section 1.2	 	Interpretation	  	 	3	  
		
	ARTICLE II	  			
		
	AGREEMENT TO COOPERATE	  			
			
	Section 2.1	 	Effecting the Distribution	  	 	4	  
		
	ARTICLE III	  			
		
	CERTAIN ACTIONS PRIOR TO THE DISTRIBUTION	  			
			
	Section 3.1	 	SEC and Other Securities Filings	  	 	5	  
	Section 3.2	 	NYSE Listing Application	  	 	5	  
	Section 3.3	 	Governance Matters	  	 	5	  
	Section 3.4	 	Rights of Newcastle to Effect the Distribution	  	 	5	  
		
	ARTICLE IV	  			
		
	MISCELLANEOUS	  			
			
	Section 4.1	 	Further Assurances	  	 	6	  
	Section 4.2	 	Payment of Expenses	  	 	6	  
	Section 4.3	 	Amendments and Waivers	  	 	6	  
	Section 4.4	 	Entire Agreement	  	 	6	  
	Section 4.5	 	Survival of Agreements	  	 	7	  
	Section 4.6	 	Third Party Beneficiaries	  	 	7	  
	Section 4.7	 	Notices	  	 	7	  
	Section 4.8	 	Counterparts; Electronic Delivery	  	 	7	  
	Section 4.9	 	Severability	  	 	7	  
	Section 4.10	 	Assignability; Binding Effect	  	 	8	  
	Section 4.11	 	Governing Law	  	 	8	  
	Section 4.12	 	Construction	  	 	8	  
	Section 4.13	 	Performance	  	 	9	  
	Section 4.14	 	Title and Headings	  	 	9	  

  
 i 

 COOPERATION AGREEMENT 

This COOPERATION AGREEMENT (this “Agreement”) is entered into as of [—],
2013, by and between Newcastle Investment Corp., a Maryland corporation (“Newcastle”), and New Media Investment Group Inc., a Delaware corporation and a majority-owned subsidiary of Newcastle (“New Media”).
Newcastle and New Media are sometimes referred to herein individually as a “Party,” and collectively as the “Parties.” Capitalized terms used but not otherwise defined herein shall have the respective meanings set
forth in Section 1.1. 
 RECITALS 

WHEREAS, pursuant to the Plan, Newcastle shall receive shares of common stock, par value $0.01 per share, of New Media (“New Media
Common Stock”); and 
 WHEREAS, Newcastle has filed a Registration Statement pursuant to which Newcastle may elect to distribute
shares of New Media Common Stock it receives pursuant to the Plan; 
 NOW, THEREFORE, in consideration of the foregoing and the covenants
and agreements set forth below and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, and intending to be legally bound hereby, the Parties hereby agree as follows: 

ARTICLE I 

DEFINITIONS 

Section 1.1 Definitions. As used in this Agreement, the following terms shall have the meanings set forth in this Section 1.1:

 “Affiliate” means, with respect to any specified Person, any other Person that directly, or indirectly through one or
more intermediaries, controls, is controlled by, or is under common control with, the specified Person. For this purpose “control” of a Person means the possession, directly or indirectly, of the power to direct or cause the direction of
the management or policies of such Person, whether through ownership of voting securities, by contract or otherwise. 

“Agreement” has the meaning set forth in the preamble to this Agreement. 

“Ancillary Agreements” has the meaning set forth in Section 4.1. 

“Bankruptcy Business Day” means any day, other than a Saturday, Sunday, or a legal holiday, as defined in Bankruptcy Rule
9006(a). 
 “Business Day” means a day other than a Saturday, a Sunday or a day on which banking institutions located in
the State of New York are authorized or obligated by applicable Law or executive order to close. 
 [Signature Page to Cooperation
Agreement] 

 “Distribution” has the meaning set forth in Section 2.1. 

“Distribution Date” means the date on which the Distribution occurs, such date to be determined by, or under the authority
of, the board of directors of Newcastle, in its sole and absolute discretion. 
 “Effective Time” means the time at which
the Distribution is effective on the Distribution Date. 
 “Exchange Act” means the Securities Exchange Act of 1934, as
amended. 
 “Governmental Authority” means any U.S. federal, state, local or non-U.S. court, government, department,
commission, board, bureau, agency, official or other regulatory, administrative or governmental authority. 
 “Group” means
either the Newcastle Group or the New Media Group, as the context requires. 
 “Information Statement” means the
information statement, attached as an exhibit to the Registration Statement, and any related documentation to be provided to holders of Newcastle Common Stock in connection with the Distribution, including any amendments or supplements thereto. 

“Law” means any law, statute, ordinance, code, rule, regulation, order, writ, proclamation, judgment, injunction or decree of
any Governmental Authority. 
 “Newcastle” has the meaning set forth in the preamble to this Agreement. 

“Newcastle Common Stock” means the outstanding shares of common stock, par value $0.01 per share, of Newcastle. 

“Newcastle Group” means Newcastle and the Subsidiaries of Newcastle other than New Media and the Subsidiaries of New Media.

 “New Media” has the meaning set forth in the preamble to this Agreement. 

“New Media Common Stock” has the meaning set forth in the recitals to this Agreement. 

“New Media Group” means New Media and the Subsidiaries of New Media. 

“NYSE” means the New York Stock Exchange, Inc. 

“NYSE Listing Application” has the meaning set forth in Section 3.2(a). 

“Party” or “Parties” has the meaning set forth in the preamble to this Agreement. 

“Person” means an individual, a partnership, a corporation, a limited liability company, an association, a joint stock
company, a trust, a joint venture, a union, an unincorporated organization or a governmental entity or any department, agency or political subdivision thereof. 

  
 2 

 “Plan” means a joint, prepackaged chapter 11 plan of reorganization (including
any exhibits, annexes and schedules thereto) for GateHouse Media, Inc. and its affiliated debtors dated as of September 20, 2013 (together with all exhibits, annexes and schedules thereto), in each case as amended, supplemented or otherwise
modified from time to time, in the cases captioned In re: GateHouse Media, Inc., et al., Case No. 13-12503 in the United States Bankruptcy Court for the District of Delaware. 

“Plan Effective Date” means the date that is a Bankruptcy Business Day, determined in accordance with the Plan, on which all
conditions precedent to the occurrence of the Plan Effective Date set forth in Section 9.1 of the Plan have been satisfied or waived in accordance with Section 9.2 of the Plan. 

“Record Date” means 5:00 PM, Eastern Time, on the date, to be determined by the board of directors of Newcastle, as the
record date for determining holders of Newcastle Common Stock entitled to receive shares of New Media Common Stock in the Distribution. 

“Record Holders” means the holders of record of Newcastle Common Stock on the Record Date. 

“Registration Statement” means the registration statement on Form 10 of New Media with respect to the registration under the
Exchange Act of the New Media Common Stock to be distributed in the Distribution, including any amendments or supplements thereto. 

“SEC” means the United States Securities and Exchange Commission. 

“Subsidiary” means, with respect to any specified Person, any corporation, partnership, limited liability company, joint
venture or other organization, whether incorporated or unincorporated, of which at least a majority of the securities or interests having by the terms thereof ordinary voting power to elect at least a majority of the board of directors or others
performing similar functions with respect to such corporation or other organization is directly or indirectly owned or controlled by such specified Person or by any one or more of its subsidiaries, or by such specified Person and one or more of its
subsidiaries. 
 “Transactions” means the Distribution and any other transactions contemplated by this Agreement or any
Ancillary Agreement. 
 Section 1.2 Interpretation. In this Agreement and the Ancillary Agreements, if any, unless the context
clearly indicates otherwise: 
 (a) words used in the singular include the plural and words used in the plural include the singular; 

(b) the words “include,” “includes” and “including” shall be deemed to be followed by the words “without
limitation”; 

  
 3 

 (c) the word “or” shall have the inclusive meaning represented by the phrase
“and/or”; 
 (d) relative to the determination of any period of time, “from” means “from and including,”
“to” means “to but excluding” and “through” means “through and including”; 
 (e) accounting terms
used herein shall have the meanings historically ascribed to them by Newcastle and its Subsidiaries in its and their internal accounting and financial policies and procedures in effect immediately prior to the date of this Agreement; 

(f) reference to any agreement, instrument or other document means such agreement, instrument or other document as amended, supplemented and
modified from time to time to the extent permitted by the provisions thereof and by this Agreement; 
 (g) reference to any Law means such
Law (including any and all rules and regulations promulgated thereunder) as amended, modified, codified or reenacted, in whole or in part, and in effect at the time of determining compliance or applicability; 

(h) references to any Person include such Person’s successors and assigns but, if applicable, only if such successors and assigns are
permitted by this Agreement; a reference to such Person’s “Affiliates” shall be deemed to mean such Person’s Affiliates following the Distribution and any reference to a third party shall be deemed to mean a Person who is not a
Party or an Affiliate of a Party; 
 (i) if there is any conflict between the provisions of the main body of this Agreement or an Ancillary
Agreement and the exhibits and schedules thereto, the provisions of the main body of this Agreement or the Ancillary Agreement, as applicable, shall control unless explicitly stated otherwise in such schedule; 

(j) if there is any conflict between the provisions of this Agreement and any Ancillary Agreement, the provisions of such Ancillary Agreement
shall control (but only with respect to the subject matter thereof) unless explicitly stated otherwise therein; and 
 (k) any portion of
this Agreement or any Ancillary Agreement obligating a Party to take any action or refrain from taking any action, as the case may be, shall mean that such Party shall also be obligated to cause its relevant Subsidiaries to take such action or
refrain from taking such action, as the case may be. 
 ARTICLE II 

AGREEMENT TO COOPERATE 

Section 2.1 Effecting the Distribution. At the reasonable request of Newcastle from time to time, New Media agrees to use commercially
reasonable efforts to cooperate with Newcastle in connection with the distribution by Newcastle to its stockholders, on a pro rata basis, of shares of New Media Common Stock owned by Newcastle as of the Distribution Date (the
“Distribution”). 

  
 4 

 ARTICLE III 

CERTAIN ACTIONS PRIOR TO THE DISTRIBUTION 

Section 3.1 SEC and Other Securities Filings. 

(a) Prior to the date of this Agreement, the Parties caused the Registration Statement to be prepared and filed with the SEC. 

(b) At the request of Newcastle, New Media shall use its commercially reasonable efforts to cause the Registration Statement to become
effective. 
 (c) New Media shall cooperate in preparing, filing with the SEC and causing to become effective any other registration
statements or amendments or supplements thereto that are necessary or appropriate in order to effect the Transactions, or to reflect the establishment of, or amendments to, any employee benefit plans contemplated hereby. 

(d) New Media shall take all such action as may be necessary or appropriate under state and foreign securities or “blue sky” Laws in
connection with the Transactions. 
 Section 3.2 NYSE Listing Application. 

(a) At the request of Newcastle, New Media shall use its commercially reasonable efforts to cause an application for the listing on the NYSE
of New Media Common Stock to be issued to the Record Holders in the Distribution (the “NYSE Listing Application”) be prepared and filed. 

(b) At the request of Newcastle, New Media shall use commercially reasonable efforts to have the NYSE Listing Application approved, subject to
official notice of issuance, as soon as reasonably practicable following the date of this Agreement. 
 Section 3.3 Governance
Matters. 
 (a) Articles of Incorporation and Bylaws. On or prior to the Distribution Date, the Parties shall take all necessary
actions to adopt each of the amended and restated articles of incorporation and the amended and restated bylaws of New Media, each substantially in the forms approved by the Plan. Any further amendments to such amended and restated articles of
incorporation and such amended and restated bylaws of New Media may be adopted as determined by the board of directors of New Media. 
 (b)
Officers and Directors. The officers and directors of New Media shall be determined by the board of directors of New Media. 

Section 3.4 Rights of Newcastle to Effect the Distribution. Newcastle is under no obligation to consummate the Distribution and
Newcastle may, in its absolute and sole discretion, upon approval from the board of directors of Newcastle, determine when and whether to effect the Distribution. No terms or provisions of this Agreement shall be understood to create an obligation
on the part of Newcastle or any other Person to effect any of the Transactions or in any way limit Newcastle’s right to terminate this Agreement and any Ancillary Agreements. 

  
 5 

 ARTICLE IV 

MISCELLANEOUS 

Section 4.1 Further Assurances. Each Party shall, and shall cause each applicable member of its Group to, use commercially reasonable
efforts to execute and deliver such instruments and to take promptly, and to assist and cooperate with the other Party in taking, all actions reasonably necessary, proper or advisable to consummate and make effective the Transactions and any other
instruments, written agreements or documents (collectively, the “Ancillary Agreements”) as the Parties may agree are reasonable necessary or desirable. Neither Party will, nor will either Party allow any other member of its Group
to, without the prior written consent of the other Party, take any action which would reasonably be expected to prevent or materially impede, interfere with or delay any of the Transactions. 

Section 4.2 Payment of Expenses. New Media shall be responsible for all costs and expenses incurred and directly related to the
preparation, filing and effectiveness of the Registration Statement, the preparation, filing and effectiveness of any other registration statement or amendments or supplements thereto under Section 3.1(c) hereof, the listing of the New Media
Common Stock to be issued to the Record Holders in the Distribution on the NYSE, including the preparation and filing for the NYSE Listing Application and any actions or filings in connection with any state and foreign securities or “blue
sky” Laws. Newcastle will pay all of its own costs and expenses in connection with the Transactions. 
 Section 4.3 Amendments and
Waivers. 
 (a) Subject to Section 3.4, this Agreement may not be amended except by an agreement in writing signed by both Parties.

 (b) This Agreement may not be amended except by an agreement in writing signed by both Parties. 

(c) Any term or provision of this Agreement may be waived, or the time for its performance may be extended, by the Party entitled to the
benefit thereof and any such waiver shall be validly and sufficiently given for the purposes of this Agreement if it is in writing signed by an authorized representative of such Party. No delay or failure in exercising any right, power or remedy
hereunder shall affect or operate as a waiver thereof; nor shall any single or partial exercise thereof or any abandonment or discontinuance of steps to enforce such a right, power or remedy preclude any further exercise thereof or of any other
right, power or remedy. The rights and remedies hereunder are cumulative and not exclusive of any rights or remedies that either Party would otherwise have. 

Section 4.4 Entire Agreement. This Agreement and the Ancillary Agreements, if any, constitute the entire agreement and understanding
between the Parties with respect to the subject matter hereof and supersede all prior negotiations, agreements, commitments, writings, courses of dealing and understandings with respect to the subject matter hereof. 

  
 6 

 Section 4.5 Survival of Agreements. Except as otherwise expressly contemplated by this
Agreement, all covenants and agreements of the Parties contained in this Agreement shall survive the Effective Time and remain in full force and effect in accordance with their applicable terms. 

Section 4.6 Third Party Beneficiaries. This Agreement is solely for the benefit of the Parties and should not be deemed to confer upon
third parties any remedy, claim, liability, reimbursement, cause of action or other right in excess of those existing without reference to this Agreement. 

Section 4.7 Notices. All notices, requests, permissions, waivers and other communications hereunder shall be in writing and shall be
deemed to have been duly given (a) five (5) Business Days following sending by registered or certified mail, postage prepaid, (b) when sent, if sent by facsimile, (c) when delivered, if delivered personally to the intended
recipient, and (d) one (1) Business Day following sending by overnight delivery via a national courier service and, in each case, addressed to a Party at the following address for such Party: 

 

			
	(a)	  	If to Newcastle:
		
		  	Newcastle Investment Corp.
		  	c/o Fortress Investment Group
		  	1345 Avenue of the Americas
		  	New York, New York 10105
		  	Attention: Randal A. Nardone, Secretary
		  	Fax: (212) 798-6120
		
	(b)	  	If to New Media:
		
		  	New Media Investment Group Inc.
		  	c/o FIG LLC
		  	1345 Avenue of the Americas
		  	New York, New York 10105
		  	Attention: Cameron MacDougall, Secretary
		  	Fax: (212) 798-6075

 Section 4.8 Counterparts; Electronic Delivery. This Agreement may be executed in multiple counterparts,
each of which when executed shall be deemed to be an original, but all of which together shall constitute one and the same agreement. Execution and delivery of this Agreement or any other documents pursuant to this Agreement by facsimile or other
electronic means shall be deemed to be, and shall have the same legal effect as, execution by an original signature and delivery in person. 

Section 4.9 Severability. If any term or other provision of this Agreement is determined by a nonappealable decision by a court,
administrative agency or arbitrator to be invalid, illegal or incapable of being enforced by any rule of law or public policy, all other conditions and provisions of this Agreement shall nevertheless remain in full force and effect so long as the
economic or legal substance of the Transactions is not affected in any manner materially adverse to either Party. Upon such determination that any term or other provision is 

  
 7 

 
invalid, illegal or incapable of being enforced, the court, administrative agency or arbitrator shall interpret this Agreement so as to affect the original intent of the Parties as closely as
possible in an acceptable manner to the end that the Transactions are fulfilled to the fullest extent possible. If any sentence in this Agreement is so broad as to be unenforceable, the provision shall be interpreted to be only as broad as is
enforceable. 
 Section 4.10 Assignability; Binding Effect. This Agreement shall be binding upon and inure to the benefit of the
Parties and their successors and permitted assigns; provided, however, that the rights and obligations of each Party under this Agreement shall not be assignable, in whole or in part, directly or indirectly, whether by operation of law
or otherwise, by such Party without the prior written consent of the other Party (such consent not to be unreasonably withheld, conditioned or delayed) and any attempt to assign any rights or obligations under this Agreement without such consent
shall be null and void. Notwithstanding the foregoing, either Party may assign its rights and obligations under this Agreement to any of their respective Affiliates provided that no such assignment shall release such assigning Party from any
liability or obligation under this Agreement. 
 Section 4.11 Governing Law. (a) THIS AGREEMENT SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO AGREEMENTS MADE AND TO BE PERFORMED WITHIN THE STATE. 
 (b) To
the fullest extent permitted by applicable law, each party hereto (i) agrees that any claim, action or proceeding by such party seeking any relief whatsoever arising out of, or in connection with, this Agreement or the transactions contemplated
hereby shall be brought only in the United States District Court for the Southern District of New York and in any New York State court located in the Borough of Manhattan and not in any other State or Federal court in the United States of America or
any court in any other country, (ii) agrees to submit to the exclusive jurisdiction of such courts located in the State of New York for purposes of all legal proceedings arising out of, or in connection with, this Agreement or the transactions
contemplated hereby and (iii) irrevocably waives any objection which it may now or hereafter have to the laying of the venue of any such proceeding brought in such a court and any claim that any such proceeding brought in such a court has been
brought in an inconvenient forum. 
 Section 4.12 Construction. This Agreement shall be construed as if jointly drafted by the
Parties and no rule of construction or strict interpretation shall be applied against either Party. The Parties represent that this Agreement is entered into with full consideration of any and all rights which the Parties may have. The Parties have
relied upon their own knowledge and judgment. The Parties have had access to independent legal advice, have conducted such investigations they thought appropriate, and have consulted with such other independent advisors as they deemed appropriate
regarding this Agreement and their rights and asserted rights in connection therewith. The Parties are not relying upon any representations or statements made by the other Party, or such other Party’s employees, agents, representatives or
attorneys, regarding this Agreement, except to the extent such representations are expressly set forth or incorporated in this Agreement. The Parties are not relying upon a legal duty, if one exists, on the part of the other Party (or such other
Party’s employees, agents, representatives or attorneys) to disclose any information in connection with the execution of this Agreement or their preparation, it being expressly understood that neither Party shall ever assert any failure to
disclose information on the part of the other Party as a ground for challenging this Agreement. 

  
 8 

 Section 4.13 Performance. Each Party shall cause to be performed, and hereby guarantees
the performance of, all actions, agreements and obligations set forth herein to be performed by any Subsidiary or Affiliate of such Party. 

Section 4.14 Title and Headings. Titles and headings to Sections and Articles are inserted for the convenience of reference only and
are not intended to be a part of or to affect the meaning or interpretation of this Agreement. 
 [Signature Page Follows] 

  
 9 

 IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed by their respective
officers as of the date first set forth above. 
  

					
	NEWCASTLE INVESTMENT CORP.
		
	By:	 	  

		 	Name:	 	Kenneth Riis
		 	Title:	 	Chief Executive Officer
	
	NEW MEDIA INVESTMENT GROUP INC.
		
	By:	 	  

		 	Name:	 	Cameron D. MacDougall
		 	Title:	 	Secretary

 [Signature Page to Cooperation Agreement]

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