Flush With Cash, New Frontier Media Repurchases Stock

BOULDER, Colo. — Adult TV network and on-demand programmer New Frontier Media Inc. said Friday that its board of directors have decided to repurchase about five percent of the company’s stock, or 1 million shares, over the next three years.

Stock repurchase programs are generally instituted when companies are flush with cash.

In the case of New Frontier, the company said it had nearly $17.3 million of cash on hand at the end of its last quarter.

Companies use buyback programs to boost share price, effectively sending a message about the stock that it's a good bargain at the current trading price. They also institute these types of programs when they want to shrink the number of shareholders, so that current shareholders become more satisfied.

Michael Weiner, chief executive officer of New Frontier, said in a statement that the timing of the repurchase program was correct and prudent.

“We believe that our common stock is currently selling below the company's intrinsic value,” Weiner said. “Through our new repurchase program, we can execute targeted purchases of our common stock that should benefit earnings per share and shareholder value as New Frontier Media pursues its strategic growth initiatives.”

Boulder, Colo.-based New Frontier offers nine full-time transactional adult-themed pay-per-view networks to cable and satellite operators across the U.S., reaching about 190 million network homes. It also provides content to video-on-demand platforms on cable and satellite and provides some adult programming to Cinemax and Showtime, as well as international networks.

Related:  

Copyright © 2025 Adnet Media. All Rights Reserved. XBIZ is a trademark of Adnet Media.
Reproduction in whole or in part in any form or medium without express written permission is prohibited.

More News

Ed Seeman, Famed Filmmaker From Porn's Golden Age, Passes Away at 93

OCALA, Fla.— Ed Seeman, who worked as an adult filmmaker during the Golden Age of porn in the ‘70s, has passed away. He was 93.

Addis Fouche Stars in Latest 'UpClose VR' From Adult Time

Addis Fouche stars with Dante Colle in the latest episode of Adult Time series "UpClose VR."

Adult Time Wraps Production on Bree Mills Feature 'The Party's Over'

Adult Time has announced that production has wrapped on its new Pure Taboo drama, "The Party’s Over," written, produced, and directed by studio CCO and 2025 XMAs winner Bree Mills.

Angel Youngs Makes Her Vixen Debut

Angel Youngs has made her Vixen debut alongside Milan.

Andie Anderson Stars in Latest From Brazzers

Andie Anderson stars with Alex Jones in the latest release from Brazzers, titled “My Daughter's Too Good for You! (But I'm Not).”

Jenna Starr Stars in Latest From New Sensations

Jenna Starr stars with Jayden Marcos in the latest release from New Sensations.

Chloe Amour Stars in Latest From Erotica X

Chloe Amour stars with Codey Steele in the latest release from XEmpire studio brand Erotica X, titled “Seduction Games.”

Victoria Voxxx Toplines 'Big Booty Workout' From Reality Junkies

Victoria Voxxx headlines “Big Booty Workout,” from Mile High Media studio imprint Reality Junkies.

Casey Kisses Makes Studio Return With KinkTrans

Casey Kisses has returned to studio production for the first time in over three years, starring in a new release from KinkTrans.com, titled “You’re My Slut!”

Lauren Phillips Stars in Latest From Transfixed

2024 XMAs MILF Performer of the Year Lauren Phillips stars with Coco Lovelock and Kasey Kei in the latest release from Transfixed, titled “More Lotion Please.”

Show More