The club described claims owner Mike Ashley had met with the New York-based private equity firm as "absolute nonsense" on Friday ... when obviously this is not true!
InterMedia have now confirmed they were contacted by an unnamed party with regard to a buyout but had no interest in taking the discussion further.
A spokesman told BBC Sport: "InterMedia was approached about a deal, made no offer and has no interest."
Ashley completed a £134.4million takeover of Newcastle last summer and has since ALLEGEDLY invested £100million in paying off debts and strengthening the squad.
What now Mr Ashley?
Who's replica shirt will he be wearing next season? Apparently his Tottenham one is "in the wash".