Lee Enterprises Inc Stock Price, News & Analysis

Lee Enterprises (NASDAQ: LEE) announced an audio webcast and conference call scheduled for May 6, 2021, at 9 a.m. Central Time to discuss preliminary results for its second fiscal quarter ending March 28, 2021. A news release will precede the call, and the webcast will be accessible on lee.net, with a replay available shortly after. Lee Enterprises operates as a significant subscription and advertising platform, providing local news in 77 markets with an average daily circulation of 1.2 million. The company serves a vast audience of over 44 million digital unique visitors.

Lee Enterprises Joins Nasdaq

On April 19, 2021, Lee Enterprises (NASDAQ: LEE) completed its transfer to the Nasdaq Global Select Market, marking a significant milestone in its growth strategy. The company aims to enhance visibility among investors as it accelerates its digital transformation. President and CEO Kevin Mowbray emphasized the importance of this move in connecting with a broader investor audience and executing a strategy focused on recurring revenue growth. A virtual bell-ringing ceremony is set for April 20, 2021, to celebrate this achievement.

Lee Enterprises, a leading provider of local news, has outlined its three-pillar growth strategy aimed at enhancing digital transformation and boosting annualized recurring revenue. The strategy focuses on transforming local news presentation, accelerating subscription growth, and expanding offerings for advertisers. The company plans to grow its digital-only subscribers to 900,000 and aims for $100 million in annualized revenue from its Amplified Digital Agency within three years. Additionally, Lee will transfer its stock listing to the Nasdaq on April 19, 2021, to align with innovative tech leaders.

Lee Enterprises, a prominent digital and subscription news provider, has announced an audio webcast and conference call scheduled for April 5, 2021, at 9 a.m. Central Time. Executives will discuss the company's digital transformation and progress on its three-pillar growth strategy following its 2020 transaction with Berkshire Hathaway. The live webcast can be accessed via their investor relations page and will be available for replay shortly after.

Lee operates in 77 markets with average daily circulation of 1.2 million and over 55 million digital unique visitors.

Lee Enterprises (NYSE: LEE) announced the launch of Feast and Field, a new food-focused digital magazine designed to explore food production, culinary history, and cooking. This publication aims to engage and educate American consumers, enhancing their connection to local communities. Scheduled for nationwide release on March 15, 2021, it also offers unique advertising opportunities to local and national brands. With an average daily newspaper circulation of 1.2 million and over 43 million digital unique visitors, Lee continues to expand its digital footprint.

Lee Enterprises reported first-quarter fiscal 2021 results, highlighting significant progress in digital transformation. Total operating revenue reached $211.8 million, with a net income of $16.4 million. Digital-only subscribers surged by 69% year-over-year to 286,000, contributing to a 1.9% rise in subscription revenue. The company achieved $103 million in cost synergies ahead of schedule, bolstering its liquidity with $37.1 million in cash. Despite a 20% decline in total advertising revenue on a pro forma basis, the company noted improvements in its advertising revenue trends.

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.