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 (NASDAQ: LEE) has announced a one-year extension of its shareholder rights plan until March 27, 2026. This decision comes in response to The Hoffmann Family of Companies' recent unsolicited expression of interest to acquire Lee, made public on March 20, 2025.
Key factors influencing the Board's decision include Hoffmann's accumulation of a 9.8% ownership stake, multiple press releases highlighting their intention to become Lee's largest shareholder, and their recent acquisition interest letter which lacked specific price or material terms.
The Rights Plan aims to protect shareholders' long-term value and ensure fair treatment in any takeover scenario. In response to Hoffmann's letter, Lee offered on March 24, 2025, to enter into a confidentiality agreement to share information that would enable Hoffmann to make a detailed proposal with pricing and financing specifics.
Lee Enterprises has unveiled AmplifiedDigital.AI, a comprehensive suite of AI-powered solutions through its digital marketing agency, Amplified Digital. The new offering aims to support local businesses with advanced technological tools for enhanced digital presence and operations.
The first product, A.I. Enablement, features several key components including:
- A.I. Visibility for improved search engine indexing
- Automated sponsored content creation
- Content distribution across Lee's news websites and AI engines
- Educational resources for AI implementation
Additional tools available to advertisers include AI Social for social media enhancement and SmartSites.AI for website optimization. The initiative reflects Lee's commitment to fostering local economic growth by addressing marketing inefficiencies and customer engagement challenges.
Lee Enterprises (NASDAQ: LEE) has announced a strategic partnership with VeeFriends, Gary Vaynerchuk's entertainment company, to produce exclusive weekly comics across Lee's 72 markets in 25 states. The comics, featuring VeeFriends' universe of 251 characters, will be published both online and in print starting February 23, 2025.
The partnership includes interactive elements such as 'Draw Offs' - live streaming events beginning in March featuring VeeFriends' Director of Comics D.J. Coffman alongside Pulitzer Prize-winning cartoonist Adam Zyglis and Phil Hands. Readers will also be able to participate through a Readers' Choice feature.
Characters like Brave Bison, Empathy Elephant, and Fearless Fairy will be featured in the weekly comics, aiming to deliver positive and inspiring content to Lee's subscribers through one of newspaper and digital publishing's most popular formats.
Lee Enterprises (NASDAQ: LEE) reported Q1 FY2025 results showing continued digital transformation progress. Total Digital Revenue reached $73 million, up 5% YOY, representing 51% of total operating revenue. Digital-only subscription revenue grew 14% to $22 million, while Amplified Digital Agency revenue increased 14% to $24 million.
The company announced a strategic partnership with Amazon Web Services (AWS) to enhance digital capabilities and customer engagement. Total operating revenue was $145 million, with digital advertising and marketing services contributing $47 million, representing 70% of total advertising revenue.
Operating expenses totaled $149 million, with Cash Costs at $139 million. The company reported a net loss of $16 million and Adjusted EBITDA of $8 million. Lee maintains $446 million in debt with BH Finance at a 9% fixed interest rate. Management expects digital revenue growth between 7-10% for the full year and has identified $40 million in annualized cost reductions to be implemented by Q2 end.
Lee Enterprises (NASDAQ: LEE) has announced its upcoming quarterly earnings call and webcast scheduled for Thursday, February 6, 2025, at 9 a.m. Central Time. The company plans to release preliminary results for the quarter ended December 29, 2024, before market opening on the same day.
The event will be accessible through a live webcast via the company's Investor Relations website, with telephone participation available through registration. The webcast will remain available for replay 24 hours after the event.
Lee Enterprises operates as a major subscription and advertising platform, providing local news and information through daily newspapers, digital products, and nearly 350 weekly and specialty publications across 72 markets in 25 states. Their presence includes major markets such as St. Louis, Buffalo, Omaha, Richmond, Lincoln, Madison, Davenport, and Tucson.
Lee Enterprises, a local news provider across 73 US markets, has selected Amazon Web Services (AWS) as its Preferred Cloud Provider to modernize infrastructure and develop generative AI platforms. The partnership focuses on two key initiatives: cloud infrastructure modernization and innovative GenAI applications development.
Lee will utilize Amazon Bedrock, a managed service offering access to AI models through a single API, Amazon Redshift for data warehousing, and Amazon Nova foundation models for advanced AI capabilities. These technologies will enable hyper-local, personalized news and advertising services.
The company expects to launch its first GenAI products and services within the next year as part of a multi-year digital transformation initiative aimed at enhancing subscriber experiences and advertising services.
Lee Enterprises (NASDAQ: LEE) reported its Q4 and FY2024 results, highlighting significant digital transformation progress. Total Digital Revenue reached $82M in Q4, representing 51% of revenue. Digital-only subscription revenue grew 30% YOY, while Amplified Digital® Agency revenue increased 21% to $28M, approaching $100M for the fiscal year.
For FY2024, total operating revenue was $611M, with Digital Revenue at $299M (11% YOY increase) and Print Revenue at $312M (21% decrease). Operating expenses totaled $611M, with Adjusted EBITDA at $65M. The company maintains $446M in debt with BH Finance at 9% fixed interest rate.
Looking ahead to FY2025, Lee projects Total Digital Revenue growth of 7-10% and low-single-digit Adjusted EBITDA growth.
Lee Enterprises (NASDAQ: LEE) has announced a strategic partnership with ProRata.ai to revolutionize local news and advertising delivery. The collaboration focuses on developing hyper-personalized content experiences and real-time advertising solutions tailored for local search and AI search engines.
The partnership includes three main initiatives: implementing hyper-personalized local content delivery, developing real-time advertising solutions for local search engines, and integrating AI-driven insights into Lee's digital properties. The alliance aims to create sustainable economic and ethical attribution models for creators in the generative AI era.
Lee Enterprises (NASDAQ: LEE) has partnered with Perplexity through their Publishers' Program to enhance local journalism with AI technology. The collaboration focuses on two main initiatives: advertising innovation using data-driven solutions and future-ready strategies for content monetization.
The partnership aims to transform content delivery, deepen audience engagement, and create new revenue opportunities. Perplexity's AI search engine, which processes over 400 million queries monthly, will help Lee optimize advertising campaigns and strengthen local journalism across its 70+ US markets.
This strategic move positions Lee at the forefront of AI-driven media transformation, with the global AI market projected to reach $500 billion by 2025.
Lee Enterprises (NASDAQ: LEE) has announced a conference call and audio webcast scheduled for December 12, 2024, at 9 a.m. Central Time. The company will release preliminary results for its fiscal year ended September 29, 2024, before market opens. Lee Enterprises operates as a major subscription and advertising platform, providing local news across 73 markets in 26 states through daily newspapers, digital products, and nearly 350 weekly and specialty publications. Key markets include St. Louis, Buffalo, Omaha, Richmond, Lincoln, Madison, Davenport, and Tucson.
