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.
Lee Enterprises Inc (LEE) delivers essential local journalism and digital media solutions across U.S. communities. This dedicated news hub provides investors and stakeholders with timely updates on corporate developments, strategic initiatives, and operational milestones shaping this legacy media company.
Access comprehensive coverage of earnings reports, partnership announcements, and digital transformation efforts that highlight LEE's evolution from historic print roots to modern subscription platforms. Our curated collection ensures transparent access to press releases and market-moving updates without editorial bias.
Discover updates on leadership changes, content distribution innovations, and community-focused reporting initiatives. This resource serves investors analyzing LEE's hybrid business model and media professionals tracking local news industry trends.
Bookmark this page for streamlined access to verified information about Lee Enterprises' financial performance, technological advancements, and ongoing commitment to trusted journalism in the digital age.
Lee Enterprises, Incorporated (NASDAQ: LEE) will participate in the Sidoti May Virtual Investor Conference on May 8-9, 2024. The CEO and CFO will hold a group presentation and one-on-one meetings with investors. Registration is free for all interested parties.
Lee Enterprises reported a 5% year-over-year growth in Adjusted EBITDA, with digital-only subscription revenue increasing by 48%. Total digital revenue reached $71 million, representing 48% of total revenue. The company aims to achieve a digital inflection point where more than 50% of revenue is digital. Second-quarter highlights include $147 million in total operating revenue, $71 million in total digital revenue, and $15 million in Adjusted EBITDA. The 2024 fiscal year outlook includes targets for total digital revenue, digital-only subscribers, and Adjusted EBITDA. The company has $454 million in debt and $16 million in cash on the balance sheet, with favorable financing terms.
Lee Enterprises, Incorporated (NASDAQ:LEE) has appointed Les Ottolenghi as Chief Transformation and Commercial Officer. Ottolenghi's vast experience in technology and cybersecurity will drive Lee's digital growth, data business, and digital leadership. His role aims to exceed the company's growth targets and strengthen market position.
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