The media digitalization during the industrial revolution 4.0 poses threats for print media companies. The fall of various print media in the US gives a signal that print media companies in many countries need to be aware of the risk of bankruptcy. Identification of financial distress is necessary to improve their financial condition. This study aimed to obtain empirical evidence about the factors that influence financial distress in one of the leading newspaper companies in Indonesia. The data analysis technique used was multiple linear regression analysis using SPSS. The findings of this study showed that independent variables had influences on financial distress partially and simultaneously, except the sales growth ratio where the sales growth was improved when the company was in low financial distress. Meanwhile, the total debt to asset ratio and profit margin on sales had an opposite influence on most of the previous studies.