Lee Enterprises

Lee Enterprises, Inc. engages in the provision of local news, information, and advertising services. It also offers retail, classified, digital, national advertising, and niche publications. Its digital products include video, digital couponing, behavioral targeting, banner advertisements, and social networking. The company was founded by Alfred Wilson Lee in 1890 and is headquartered in Dover, DE.

Earnings data Q1 2021

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Lee Enterprises achieves digital revenue milestone amidst print challenges

Lee Enterprises made significant strides in digital transformation, surpassing print revenue and focusing on sustainable digital growth.
While facing challenges with print revenue decline, the company showcased strength in digital subscriptions and profitability through cost management.
Opportunities lie in capitalizing on digital revenue growth, investing in the digital future, and achieving financial targets for continued success.

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Lee Enterprises, Inc. engages in the provision of local news, information, and advertising services. It also offers retail, classified, digital, national advertising, and niche publications. Its digital products include video, digital couponing, behavioral targeting, banner advertisements, and social networking. The company was founded by Alfred Wilson Lee in 1890 and is headquartered in Davenport, IA.

DAVENPORT, Iowa--(BUSINESS WIRE)--Lee commented on the notice submitted by Alden Global Capital to nominate three candidates for election to the Board at the 2022 Annual Meeting.

Lee Enterprises Comments on Purported Director Nominations from Alden

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Alden Global Capital, LLC, who through an affiliate has an ownership stake of approximately 6.3% of Lee Enterprises, Incorporated (“Lee” or the “Company”) (NASDAQ: LEE), today announced that one of its affiliates has delivered a notice of its nomination of three fully independent, highly qualified and experienced individuals to serve on Lee's Board of Directors (the “Board”). The nominations were delivered in order to comply with today's deadline for stoc

Alden Global Capital, LLC Announces that Affiliate Nominates Three Fully Independent, Highly Qualified & Diverse Director Candidates for Election at Lee's 2022 Annual Meeting

Lee Enterprises is a local news provider in close to 77 markets across 26 states in the US. In my view, as management converts the company into a digital player, revenue would trend north to double digits.

My DCF Model Indicates That Lee Enterprises Is Worth More Than $24

The stock price of Lee Enterprises, Incorporated (NASDAQ: LEE) increased 26.83% in the most recent trading session. This is why it happened.

Lee Enterprises (LEE) Stock: Why The Price Surged

DAVENPORT, Iowa--(BUSINESS WIRE)--Lee Enterprises Inc. today confirmed that it has received an unsolicited non-binding proposal from Alden Global Capital.

Lee Enterprises Confirms Receipt of Unsolicited Acquisition Proposal From Alden Global Capital, LLC

The New York City-based hedge fund Alden Global Capital LLC has offered to acquire publishing company Lee Enterprises Inc. (NASDAQ: LEE) and take it private. What Happened: According to the New York Times, Alden Global's proposal values the company at approximately $141 million.

Hedge Fund Offers To Buy Newspaper Publisher Lee Enterprises For $141M: What You Need To Know

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Alden Global Capital, LLC today sent the following letter to the Board of Directors of Lee Enterprises (NASDAQ: LEE): To the Board of Directors: Alden Global Capital, LLC (“Alden”) is a significant investor in American newspapers, with platforms including MediaNews Group, Inc. and Tribune Publishing Company (collectively referred to as “we”) that are committed to ensuring communities nationwide have access to robust, independently minded local journalism.

Alden Global Capital, LLC Announces Offer to Acquire Lee Enterprises

Uncertainty around high debts and "newspapers in a digital world" create a deep value opportunity today for keen investors.

Lee Enterprises: Substantial Upside On An Actually Good Business

Lee Enterprises, Incorporated (LEE) CEO Kevin Mowbray on Q3 2021 Results - Earnings Call Transcript

Total operating revenue increased (+8%) over the prior year Digital revenue totaled $66 million (+48%), more than one-third of total operating revenueAdjusted EBITDA(1) totaled $27 million, up over the prior year for second straight quarterDigital-only subscribers grew 51% to 337,000

Lee Enterprises reports strong third quarter results with revenue and Adjusted EBITDA growth

DAVENPORT, Iowa, July 28, 2021 (GLOBE NEWSWIRE) -- Lee Enterprises, Incorporated (NASDAQ: LEE), a major subscription and advertising platform and a leading provider of high quality, trusted, local news and information in 77 markets, has scheduled an audio webcast and conference call for Thursday, August 5, 2021, at 9 a.m. Central Time. Lee plans to issue a news release before market open that day with preliminary results for its third fiscal quarter ended June 27, 2021.

Lee Enterprises plans quarterly call and webcast August 5, 2021

DAVENPORT, Iowa, July 27, 2021 (GLOBE NEWSWIRE) -- Lee Enterprises, Incorporated (NASDAQ: LEE), a leading provider of trusted local news and information and a major advertising platform in 77 markets, today announced the company will work with Amazon Advertising to offer “Over The Top,” or OTT, services to its more than 35,000 local business advertisers. OTT streams video directly to viewers using various video services and internet-enabled devices.

Lee Enterprises announces new strategic initiative with Amazon Advertising to bring “Over The Top” video services to local businesses customers

DAVENPORT, Iowa, May 13, 2021 (GLOBE NEWSWIRE) -- Lee Enterprises, Incorporated (NASDAQ: LEE), a leading provider of trusted local news and information and a major advertising platform in 77 markets, today announced it has selected Alexa Wilson to be vice president – brand and strategic marketing for the company.

Lee Enterprises strengthens commitment to enhancing local brands, taps longtime marketing executive for new key strategic role

Lee Enterprises' (LEE) CEO Kevin Mowbray on Q2 2021 Results - Earnings Call Transcript

The free cash flow margin of Lee Enterprises is industry-leading and will enable the company to pay down debt aggressively. Strong growth in the number of digital subscribers will allow Lee to capitalise on the synergies of its digital newspaper platform.

Lee Enterprises: Industry-Leading Free Cash Flow Margins

Digita l only subscribers grew 58% and total 309,000 Adjuste d EBITDA (1 ) totale d $24 million, up modestly over the prior year Debt , net of cash, totals $465 million, down $25 million in the quarter

Lee Enterprises Reports Second Quarter Results

DAVENPORT, Iowa, April 28, 2021 (GLOBE NEWSWIRE) -- Lee Enterprises, Incorporated (NASDAQ: LEE), a major subscription and advertising platform and a leading provider of high quality, trusted, local news and information in 77 markets, has scheduled an audio webcast and conference call for Thursday, May 6, 2021, at 9 a.m. Central Time. Lee plans to issue a news release before market open that day with preliminary results for its second fiscal quarter ended March 28, 2021.

Lee Enterprises plans quarterly call and webcast May 6, 2021

Company to ring Nasdaq Stock Market Opening Bell on April 20 Company to ring Nasdaq Stock Market Opening Bell on April 20

Lee Enterprises Lists and Begins Trading on Nasdaq

Three-Pillar Strategy Focused on Growing Base of Annualized Recurring Revenue and Driving Shareholder Value

Lee Enterprises Provides Update On Digital Transformation Strategy and Growth Targets

DAVENPORT, Iowa, March 29, 2021 (GLOBE NEWSWIRE) -- Lee Enterprises, Incorporated (NYSE: LEE), a major digital and subscription company with publications and platforms providing high quality, trusted, local news and information in 77 markets, has scheduled an audio webcast and conference call for Monday, April 5, 2021 at 9 a.m. Central Time. Lee executives will provide an update on the Company's digital transformation as well as the progress it has made to advance its three-pillar growth strategy since the completion of its transaction with Berkshire Hathaway in March 2020.

Lee Enterprises plans Strategic Update Investor Call and Webcast for April 5, 2021

DAVENPORT, Iowa, Feb. 17, 2021 (GLOBE NEWSWIRE) -- Lee Enterprises, Incorporated (NYSE: LEE), a leading provider of news, information and advertising in 77 markets, announced today the launch of Feast and Field, a new food-focused digital magazine exploring farming, food production, culinary history and cooking.

Lee launches Feast and Field, new food-focused digital magazine

Lee is transforming into a digital business and quickly paying down its debt. 45% of the business is already subscription based. It plans to triple its number of digital subscribers by 2025.

Buy Lee Before The Market Finds Out About Its Transformation

Lee Enterprises, Incorporated (LEE) CEO Kevin Mowbray on Q1 2021 Results - Earnings Call Transcript

DAVENPORT, Iowa, Jan. 22, 2021 (GLOBE NEWSWIRE) -- Lee Enterprises, Incorporated (NYSE: LEE), a leading provider of high quality, trusted, local news and information, and a major platform for advertising in 77 markets, has scheduled an audio webcast and conference call for Thursday, February 4, 2021, at 9 a.m. Central Time. Lee plans to issue a news release before market open that day with preliminary results for its first fiscal quarter ended December 27, 2020.

Lee Enterprises plans quarterly call and webcast February 4, 2021

New York, New York--(Newsfile Corp. - January 18, 2021) - Levi & Korsinsky announces it has commenced an investigation of Lee Enterprises, Incorporated (NYSE: LEE) concerning possible breaches of fiduciary duty. To obtain additional information, go to:https://www.zlk.com/compensation2/lee-enterprises-incorporated-information-request-formor contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500. There is no cost or obligation to you.

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of an Investigation Concerning Possible Breaches of Fiduciary Duty by Certain Officers and Directors of Lee Enterprises, Incorporated. - LEE

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