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

Romi Rain Fronts Latest From New Sensations

Romi Rain and Codey Steele star in the latest release from New Sensations.

JD Directs New Grazyeli Silva Showcase

Evil Angel has released JD’s Grazyeli Silva showcase, titled "Grazyeli Silva Sexcapades."

Heidi Jo Makes Her WIFEY Debut

Heidi Jo stars with her husband Jerri, Isiah Maxwell, and Hollywood Cash in the latest release from Vixen Media Group studio imprint WIFEY.

Anna Claire Clouds Leads Elegant Angel's 'Shared: A Hotwife Origin Story'

Reigning XMAs Female Performer of the Year Anna Claire Clouds stars in Elegant Angel's new feature thriller "Shared: A Hotwife Origin Story," part of the site's annual "Superstar September" initiative.

Gender X Drops 'Vampirella' Parody

Gender X Films has released its latest feature, "Transpirella," a parody of the 1970s sci-fi horror comic book "Vampirella," directed by Jim Powers.

Jonni Darkko Directs New Chloe Amour Showcase

Evil Angel has released Jonni Darrko’s Chloe Amour showcase, titled "Mon Amour."

Bella Reid Named Penthouse's 'Pet of the Month' for September

Penthouse Magazine has named Bella Reid as Pet of the Month for September.

Andi Avalon Fronts Latest From New Sensations

Andi Avalon and Ken Feels star in the latest release from New Sensations.

Ricky's Room Drops Final Installment of Baby Gemini Showcase

Ricky’s Room has released the final installment of its Baby Gemini showcase, titled "Six Bodies In Motion."

XBIZ Amsterdam to Debut 'Behind the Lens' Screening Series

XBIZ is pleased to announce the debut of “Behind the Lens,” a new screening series presenting discussions with noted directors, taking place at the upcoming annual European conference, XBIZ Amsterdam.

Show More