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. (NASDAQ: LEE) is a leading provider of local news, information, and advertising services predominantly in midsize markets. Established in 1890 by A.W. Lee in Iowa, the company has a rich history, with its newspapers tracing origins back to the mid-1800s. Among its notable alumni, the teenage Samuel Clemens, later known as Mark Twain, contributed to the Muscatine Journal in Iowa.
Today, Lee Enterprises operates 46 daily newspapers and has joint interests in two additional newspapers. The company also boasts nearly 300 specialty publications in 21 states, catering to local communities with high-quality, trusted, and intensely local news and information. This traditional newspaper foundation is augmented by rapidly growing digital products, reflecting the company's commitment to evolving with the digital landscape.
Lee's product portfolio includes digital subscription platforms, daily, weekly, and monthly newspapers, and niche products. These offerings deliver original local news, national and international news, and a variety of advertising and marketing services. The content is accessible in both print and digital formats, ensuring real-time availability through websites and mobile apps. Major markets served include St. Louis, MO; Buffalo, NY; Omaha, NE; Richmond, VA; Lincoln, NE; Madison, WI; Davenport, IA; and Tucson, AZ.
Recently, Theodore F. Olt III was elected by the board to serve as the new secretary and general counsel, succeeding C. Dana Waterman III. This transition marks a significant leadership change, aligning with Lee's ongoing digital transformation and strategic growth initiatives. Olt's extensive legal background, including his tenure at Lane & Waterman LLP, positions him well to support Lee's corporate governance and transactional matters.
Lee Enterprises has consistently demonstrated financial resilience, with recent reports detailing strong operational performance and strategic adjustments to protect long-term shareholder value. The company’s newspapers have an average daily circulation of 1.0 million, and its digital platforms reach over 33 million unique visitors monthly. This robust digital presence underscores Lee's commitment to delivering premium local content while expanding its digital footprint.
For more information, visit their official website at www.lee.net or contact the investor relations team at IR@lee.net.
Lee Enterprises reported strong financial results for Q3 fiscal 2022, highlighting a 49% year-over-year increase in digital-only subscribers, totaling 501,000. The company achieved a digital revenue milestone, with 51% of advertising revenue coming from digital sources. Amplified Digital® revenue surged by 74% to $66 million over the past year. Total operating revenue stood at $195 million, and the company reaffirmed its full-year Adjusted EBITDA guidance of $95 - $98 million.
Lee Enterprises, a leading provider of local news and information operating in 77 markets, has scheduled an audio webcast and conference call for August 4, 2022, at 9 a.m. Central Time. The company will release preliminary results for its third fiscal quarter ended June 26, 2022, before the market opens that day. Participants can join the webcast at lee.net, and a replay will be available 24 hours later. Lee's newspapers reach over 38 million digital unique visitors and have an average daily circulation of 1.0 million.
Lee Enterprises (NASDAQ: LEE) announced the election of Dr. Shaun McAlmont to its Board, effective immediately. McAlmont brings extensive experience in digital transformation and change management, previously serving as President and CEO of NINJIO and President of Career Learning at Stride, Inc., where he led significant growth initiatives. His appointment was part of a strategic effort to enhance the Board's expertise in overseeing digital growth. With this addition, the Board now consists of nine directors, including seven independent members, reflecting a commitment to refreshed leadership.
Lee Enterprises reported its second quarter fiscal 2022 results, showcasing strong digital growth despite declines in print revenue. Total digital revenue reached $58 million, a 33% year-over-year increase, comprising 31% of total operating revenue. Digital-only subscribers grew by 59% to 492,000, while digital advertising revenue soared 36% to $43 million. Operating expenses rose by 5% due to investments in digital talent. The net loss totaled $6.7 million, with adjusted EBITDA at $16.9 million. Lee is well-positioned to meet its fiscal year digital revenue targets.
Lee Enterprises has announced an audio webcast and conference call for May 5, 2022, at 9 a.m. Central Time to discuss preliminary results for its second fiscal quarter ending March 27, 2022. A news release with the financial details will be issued before the market opens that day. The live webcast will be accessible through the company's website and available for replay afterward. Lee operates a significant subscription and advertising platform, serving 77 markets with a daily circulation of approximately 1 million.
Lee Enterprises, a leading subscription and advertising platform, announced that CEO Kevin Mowbray and CFO Tim Millage will present at NobleCon18 on April 20, 2022, at 12:30 PM EDT. The conference will be held at the Hard Rock Hotel & Casino in Hollywood, Florida. A high-definition video webcast of the presentation will be available on the company's website the following day and archived for 90 days. Lee Enterprises operates in 77 markets with a daily circulation of 1 million and reaches over 47 million digital unique visitors. The company's stock is traded under the symbol LEE.
Lee Enterprises (NASDAQ: LEE) has launched STL Pinch Hits, a new subscription-based platform dedicated to coverage of the St. Louis Cardinals. This baseball-exclusive site and app aim to provide comprehensive journalism, including minor league insights and historical analysis. With STL Pinch Hits, subscribers gain access to exclusive newsletters and text messaging features, enhancing audience connection. The initiative follows the successful launch of HuskerExtra, indicating Lee's commitment to expanding its sports content offerings in response to audience demand.
Lee Enterprises Inc. (NASDAQ: LEE) announced that at its 2022 Annual Meeting, shareholders overwhelmingly supported the re-election of three director nominees, including Chairman Mary E. Junck, Lead Independent Director Herb W. Moloney, and CEO Kevin D. Mowbray. Each nominee received over 70% of the votes cast, with record participation of 75% from shareholders, a notable increase from previous years. The results signify strong shareholder backing against Alden Global Capital's campaign. Lee aims to continue its digital growth strategy while delivering valued local journalism.
Lee Enterprises, Inc. (NASDAQ: LEE) encourages shareholders to vote “FOR” its board nominees at the upcoming annual meeting on March 10, 2022. The letter emphasizes the endorsement from Institutional Shareholder Services (ISS) for the WHITE proxy card and highlights the company's progress in its Three Pillar Digital Growth Strategy. Furthermore, it mentions recent lawsuits filed by Alden Global Capital, which were dismissed by the Delaware Court of Chancery. Shareholders are reminded to ensure their votes are counted by voting via phone or internet.
Lee Enterprises Inc. (NASDAQ: LEE) announced that Institutional Shareholder Services (ISS) has endorsed its three director nominees for the upcoming Annual Meeting on March 10, 2022. The ISS report underscored Lee's strong total shareholder return (TSR) and its strategy for digital transformation, aiming for $100 million in digital-only revenue by 2026. The company urges shareholders to vote "FOR" the nominees using the WHITE proxy card, while rejecting the opposing campaign by Alden Global Capital, which ISS deemed unsubstantiated.
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