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Lee Enterprises, Inc. - LEE STOCK NEWS

Welcome to our dedicated news page for Lee Enterprises (Ticker: LEE), a resource for investors and traders seeking the latest updates and insights on Lee Enterprises.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Lee Enterprises's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Lee Enterprises's position in the market.

Rhea-AI Summary
Lee Enterprises, Incorporated (NASDAQ: LEE) has announced a conference call and webcast scheduled for May 2, 2024, to discuss preliminary results for its second quarter. The company is a major player in the subscription and advertising platform, providing local news and information in 73 markets.
Rhea-AI Impact
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End-of-Day
-2.87%
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Rhea-AI Summary
Lee Enterprises, Incorporated (NASDAQ: LEE) announced the adoption of a -duration shareholder rights plan in response to Quint Digital 's significant accumulation of over 12.4% of Lee's common stock. The plan aims to protect all shareholders' long-term value and ensure fair treatment in the event of a takeover. The Board may consider terminating the plan earlier if needed.
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Rhea-AI Summary
Lee Enterprises, Incorporated (NASDAQ: LEE) reported impressive first quarter fiscal 2024 financial results, with a 6% YOY growth in Adjusted EBITDA and a 60% YOY increase in total digital revenue. Digital-only subscribers reached 735,000, representing a 30% YOY increase, and digital revenue accounted for 46% of total operating revenue. The company's Three Pillar Digital Growth Strategy is driving audience growth, consumer engagement, and digital subscription revenue. Despite a decline in operating expenses and cash costs, net income was $1 million. The company's 2024 fiscal year outlook remains unchanged, with expectations of continued growth in digital revenue and digital-only subscribers. Lee Enterprises has $454 million of debt outstanding and $15 million in cash on the balance sheet, with favorable terms under the Credit Agreement with BH Finance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-11.17%
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Rhea-AI Summary
Lee Enterprises, Incorporated (NASDAQ: LEE) has scheduled an audio webcast and conference call to announce its preliminary results for the first quarter ended December 24, 2023. The conference call is set for Thursday, February 1, 2024, at 9 a.m. Central Time. The live webcast can be accessed via Lee's website, and a replay will be available 24 hours later.
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1.5%
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Rhea-AI Summary
Lee Enterprises, Incorporated (NASDAQ: LEE) reported total digital revenue of $73M in Q4, representing 44% of total operating revenue. Digital-only subscribers totaled 721,000, up 36% YOY, with Adjusted EBITDA in line with full year guidance. The company's digital growth strategy led to a 14% increase in total digital revenue and a 68% increase in digital-only subscription revenue in Q4.
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End-of-Day
-16.64%
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Rhea-AI Summary
Lee Enterprises, Incorporated (NASDAQ: LEE) has elected Theodore F. Olt III as the new secretary and general counsel, succeeding C. Dana Waterman III, who is retiring after 34 years. Olt, a U.S. Naval Academy and University of Iowa College of Law graduate, has been a member of Lane & Waterman LLP since 1995. Lee Enterprises is a digital-first subscription platform providing local markets with valuable, high-quality, intensely local news, information, advertising, and marketing services with daily newspapers, rapidly growing digital products, and nearly 350 weekly and specialty publications serving 75 markets in 26 states. Year to date, Lee’s newspapers have an average daily circulation of 1.0 million, and our legacy websites, including acquisitions, reach more than 33 million digital unique visitors.
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End-of-Day
-16.64%
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Rhea-AI Summary
Lee Enterprises, Incorporated (NASDAQ: LEE) has scheduled an audio webcast and conference call for Thursday, December 7, 2023, at 9 a.m. Central Time to discuss preliminary results for its year ended September 24, 2023. Lee is a major subscription and advertising platform providing local news and information in 75 markets.
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0.18%
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Lee Enterprises, Incorporated (NASDAQ: LEE) to participate in the Sidoti November Virtual Investor Conference on November 15-16, 2023. CEO Kevin Mowbray and CFO Tim Millage will hold group presentations and one-on-one meetings with investors. To register, visit www.sidoti.com/events.
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-2.95%
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Lee Enterprises, Inc.

Nasdaq:LEE

LEE Rankings

LEE Stock Data

77.63M
2.94M
28%
41.91%
2.7%
Newspaper Publishers
Information
Link
United States
Davenport

About LEE

lee enterprises is a leading provider of local news, information and advertising in primarily midsize markets, with 46 daily newspapers and a joint interest in two others, along with rapidly growing digital products and nearly 300 specialty publications in 21 states. lee was founded in 1890 in iowa, by a.w. lee. most of our papers trace their beginnings to the mid-1800s. among our alumni, teenage sam clemens wrote for the muscatine journal in iowa before becoming world-renowned as mark twain. a reporter from our newspaper in bismarck, north dakota, died with george custer at the battle of the little big horn. in 1973, our newspaper in davenport, iowa, became the first in the world to be produced totally by computer.