Welcome to our dedicated page for Lee Enterprises news (Ticker: LEE), a resource for investors and traders seeking the latest updates and insights on Lee Enterprises stock.
News and filings about Lee Enterprises, Inc. (NASDAQ: LEE) focus on its role as a digital-first local news and advertising platform and on the company’s financial and strategic developments. Lee describes itself as a major subscription and advertising platform and a leading provider of local news and information, with daily newspapers, rapidly growing digital products, and nearly 350 weekly and specialty publications serving 72 markets in 25 states.
On this page, readers can follow news that reflects how Lee is executing its digital transformation. Company releases discuss Total Digital Revenue, digital-only subscription growth, and the contribution of digital advertising and marketing services revenue, including activity from Amplified Digital® Agency and digital services revenue predominantly from BLOX Digital. Earnings announcements provide detail on the mix between digital and print revenue, operating expenses, and non-GAAP measures such as Adjusted EBITDA and Cash Costs.
Lee’s news also covers capital and governance actions. Recent communications describe a proposed equity rights offering, a definitive stock purchase agreement for a strategic equity investment in its common stock, and related efforts to amend its capital structure and potentially reduce the interest rate on its long-term debt. Filings and press releases outline a special meeting of stockholders, subsequent changes to that meeting, and board decisions regarding strategic and financing transactions.
Corporate updates include leadership changes, such as the planned retirement of the President and Chief Executive Officer, the appointment of a Chief Operating Officer, and the announced resignation of the Chief Financial Officer, as well as board leadership transitions tied to financing agreements. Lee also issues news about audience and engagement initiatives, such as live drawing events with editorial cartoonists and partners, which illustrate how it combines local journalism with digital experiences.
Investors and readers can use this news feed to monitor Lee’s financial results, digital growth metrics, capital-raising plans, and corporate governance developments as the company pursues its stated digital-first strategy.
Lee Enterprises (Nasdaq: LEE) entered a definitive agreement for a $50.0 million private placement of common stock at $3.25 per share, anchored and backstopped by investor David Hoffmann. Hoffmann has committed approximately $35.0 million with other existing investors committing about $15.0 million. Closing is subject to customary conditions and stockholder approval at a special meeting expected Q1 2026.
The company expects the financing to enable an amendment reducing the annual interest rate on ~$455.5 million of long‑term debt from 9% to 5% for five years. Hoffmann is expected to become Chair; CEO Kevin Mowbray announced retirement and COO Nathan Bekke is expected to serve as interim CEO.
Lee Enterprises (NASDAQ: LEE) announced that its Special Meeting of Stockholders originally scheduled for December 4, 2025 has been postponed and rescheduled for December 19, 2025. The company said the change is intended to provide more time for stockholder engagement and to maximize participation.
The purpose of the Rescheduled Special Meeting and the record date for voting remain unchanged. Stockholders who already submitted proxies do not need to take further action unless they wish to change their vote. All proposals expected to be voted on will proceed as previously disclosed.
Lee Enterprises (NASDAQ: LEE) reported preliminary Q4 FY25 and full-year results for period ended Sept 28, 2025. Q4 operating revenue was $139.1M with Total Digital Revenue $74M (53% of revenue) and Adjusted EBITDA $15.1M (comparable +$2M). Digital-only subscription revenue rose 16% same-store in Q4 and digital-only subscribers reached 633,000. FY25 operating revenue was $562.3M, Total Digital Revenue $298.1M (flat YoY), and net loss for the year was $36M. Cash on hand was $10M and debt outstanding was $455M under a 25-year, 9.0% fixed-rate credit agreement. The company plans a strategic pension plan termination and expects mid-single-digit Adjusted EBITDA growth in FY26.
Lee Enterprises (NASDAQ: LEE) announced that Chief Financial Officer Tim Millage will resign effective February 28, 2026 to become an Executive Pastor at Coram Deo Bible Church in Davenport, Iowa.
Millage, who led financial organizations for nearly a decade, has agreed to provide consulting services to the company through May 31, 2026. The company has initiated a search for a new CFO. Leadership commented on Millage’s role in advancing the company and cited the execution of the Three Pillar Digital Growth Strategy as improving revenue composition and digital margins.
Lee Enterprises (NASDAQ: LEE) has scheduled an audio webcast and conference call for Wednesday, November 26, 2025 at 9:00 a.m. CT. The company plans to issue a news release before the market opens that day with preliminary results for the quarter ended September 28, 2025.
Investors can access a live webcast via the Investor Relations section at lee.net or register for telephone participation to receive a dial-in number and unique PIN. The live webcast will be available for replay 24 hours after the event.
Lee operates daily newspapers and digital products across 72 markets in 25 states and trades on NASDAQ under the symbol LEE.
Lee Enterprises (Nasdaq: LEE) announced a proposed equity rights offering of up to $50.0 million to fund digital transformation and working capital on Nov 10, 2025. The company has an in-principle term loan agreement that, if the full $50.0 million is raised, would cut its annual interest rate from 9% to 5% for five years, implying ~$18 million of annual interest savings and up to $90 million over five years. The offering is conditioned on stockholder consent to authorize additional voting shares and a new class of convertible non-voting common stock; the non-voting shares are expected to convert to voting shares after three years. Subscription price and record date are to be determined, and completion is not assured.
Lee Enterprises (NASDAQ: LEE) reported significant Q3 2025 financial results, highlighted by a 92% Adjusted EBITDA growth over Q2. Total Digital Revenue reached $78M, representing 55% of total revenue. The company achieved 16% year-over-year growth in Digital-Only subscription revenue and 10% growth in Amplified Digital® Agency revenue.
Key metrics include 670,000 digital-only subscribers, total operating revenue of $141M, and operating expenses of $137M. The company maintains $455M in debt with BH Finance under favorable terms, including a 25-year maturity and 9.0% fixed annual interest rate. Since May 2025, Lee has funded all principal and interest payments through organic free cash flow generation.
Lee Enterprises (NASDAQ: LEE), a leading provider of local news and information across 72 markets, has scheduled its quarterly earnings conference call for August 7, 2025, at 9 a.m. Central Time. The company will release its preliminary financial results for the quarter ended June 29, 2025, before market opens on the same day.
Lee Enterprises operates daily newspapers, digital products, and nearly 350 weekly and specialty publications serving 25 states. The company's portfolio includes major markets such as St. Louis, Buffalo, Omaha, Richmond, Lincoln, Madison, Davenport, and Tucson.
Lee Enterprises (NASDAQ: LEE) is organizing a unique "Draw Off" event series featuring live cartoon drawing sessions on Facebook. The events will pair VeeFriends' Director of Comics D.J. Coffman with two distinguished editorial cartoonists: Phil Hands from The Wisconsin State Journal and Pulitzer Prize-winner Adam Zyglis from The Buffalo News.
The hour-long sessions will stream live on May 20 and May 22, 2025, at 5 PM EDT on their respective newspaper Facebook pages. Viewers can interact by commenting, voting, and suggesting future themes. The completed sketches will be available for free download, combining traditional editorial cartooning with digital audience engagement.
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