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, a prominent provider of local news and advertising across 77 markets, has scheduled an audio webcast and conference call on February 4, 2021, at 9 a.m. Central Time. The call will discuss preliminary results for its first fiscal quarter ending December 27, 2020. Participants can access the webcast via the company's website or dial in using a toll-free number. Following its acquisition of BH Media Group, Lee now offers nearly 350 publications, reaching over 44 million digital visitors monthly. Lee's stock is traded under the symbol LEE.
Lee Enterprises reported its fourth quarter and fiscal year 2020 results, highlighting a 7.8% improvement in revenue trends and significant progress in digital transformation. Subscription revenue constituted 46.5% of total revenue, with digital-only subscriptions surging 67.3% year-over-year. The company achieved $84 million in cost synergies and reduced debt by $37.7 million. Despite a net loss of $1.3 million for the quarter, adjusted EBITDA reached $25.4 million. Pro forma total operating revenue decreased by 16.9% compared to the previous year.
Lee Enterprises, a major provider of local news and advertising, has announced an audio webcast and conference call on December 10, 2020, at 9 a.m. Central Time. This event will disclose preliminary results for its fourth fiscal quarter ending September 27, 2020. The live webcast will be available at lee.net, with a replay accessible 24 hours later. Lee operates in 77 markets across 26 states, featuring 1.2 million average daily circulation and reaching over 44 million digital visitors. The company's stock trades under the symbol LEE on NYSE.
Lee Enterprises (NYSE: LEE), a provider of local news and advertising, will host an audio webcast and conference call on August 6, 2020, at 9 a.m. Central Time. The company plans to release preliminary results for its third fiscal quarter, which ended June 28, 2020, before the market opens that day. The webcast will be available at lee.net and can be replayed 24 hours later. Lee operates in 77 markets with a daily circulation of over 1.2 million and reaches 44 million digital unique visitors.
Lee Enterprises (NYSE: LEE) has announced an audio webcast and conference call on Thursday, June 18, 2020, at 9 a.m. Central Time. The call will cover preliminary results for its second fiscal quarter ending March 29, 2020. A news release will precede the call, with details available at lee.net. Analysts will participate in the call, allowing questions from attendees via the webcast. Lee Enterprises operates local news and information platforms in 77 markets, boasting over 1.2 million daily newspaper circulation and 44 million digital visitors per month.
Lee Enterprises, Incorporated (NYSE: LEE) reported on May 18, 2020, significant impacts from the COVID-19 pandemic, particularly a decline in advertising revenue due to economic downturns. As of March 29, 2020, the company maintained a liquidity position of approximately $31 million in cash, supported by a $576 million long-term financing agreement with Berkshire Hathaway. However, Lee received a notice from the NYSE regarding non-compliance with listing standards. Actions taken include executive pay reductions and a local marketing grant program supporting businesses affected by COVID-19.