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 Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Earnings data Q1 2025

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.

Lee Enterprises excels in digital revenue, targets AI-driven growth

Lee Enterprises' strong performance in digital revenue and subscription growth underscores its strategic shift towards digital offerings.
Cost-saving initiatives and investments in AI technology highlight the company's commitment to innovation and efficiency.
Partnerships with leading AI firms signal Lee's proactive approach to leveraging technology for sustainable growth and shareholder value.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

Lee Enterprises is in the midst of a turnaround, as its digital subscription business is growing quickly while its print business is slowing down.

Extra! Extra! Buffett-Backed LEE Is On A Run

Lee Enterprises, Incorporated (LEE) CEO Kevin Mowbray on Q4 2021 Results - Earnings Call Transcript

The stock price of Lee Enterprises, Incorporated (NASDAQ: LEE) increased by over 12% pre-market today. This is why it happened.

Lee Enterprises Stock (LEE): Why The Price Jumped Today

Determines Opportunistic Proposal Grossly Undervalues Lee and is not in the Best Interests of the Company and its Shareholders Determines Opportunistic Proposal Grossly Undervalues Lee and is not in the Best Interests of the Company and its Shareholders

Lee Enterprises Board of Directors Unanimously Rejects Unsolicited Proposal from Alden

Quarterly total operating revenue increase driven by 37% digital revenue growthAdjusted EBITDA(1) grew for the third consecutive quarterDigital-only subscribers grew 65% to over 400,000Amplified revenue grew 71% in the quarter and totaled more than $41 million in 2021

Lee Enterprises reports continued revenue and Adjusted EBITDA growth and strong fourth quarter results

DAVENPORT, Iowa--(BUSINESS WIRE)--Lee Enterprises, Incorporated (NASDAQ: LEE) (“Lee” or the “Company”) announced that the notice submitted by Alden Global Capital, LLC (together with its affiliates, “Alden”), which purported to nominate three candidates to stand for election to Lee's Board of Directors at the Company's 2022 Annual Meeting, is invalid. Lee's Board of Directors thoroughly reviewed Alden's notice and found that the submission did not meet several essential requirements clearly set

Lee Enterprises Announces that Director Nomination Notice from Alden is Invalid

DAVENPORT, Iowa, Dec. 02, 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, December 9, 2021, at 9 a.m. Central Time. Lee plans to issue a news release before market open that day with preliminary results for its fourth fiscal quarter and year ended September 26, 2021.

Lee Enterprises plans quarterly and year end call and webcast December 9, 2021

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

News for Lee Enterprises Stock (LEE)