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Lee Enterprises stabilizes finances with $50M investment led by billionaire David Hoffmann
Lee Enterprises announced a compromise Tuesday with billionaire investor David Hoffmann, who offered to take over the nation's third-largest newspaper chain this year, to help stabilize the company's finances with a $50 million investment and set Lee up for the future. Hoffmann, whose family investment firm already owns more than 40 other publications, will become Lee's chairman as he continues to pursue his goal of becoming the country's largest newspaper publisher. Lee said that when Hoffmann takes over, CEO Kevin Mowbray will retire after 39 years with the Davenport, Iowa-based company, which owns the St. Louis Post-Dispatch, Buffalo News, Omaha World-Herald and dozens of other publications in 25 states. Dec 30, 2025 - $LEE
Lee Enterprises Announces Strategic Investment and Board-Led Transition
DAVENPORT, Iowa, Dec. 30, 2025 (GLOBE NEWSWIRE) -- Lee Enterprises, Incorporated (the “Company” and Nasdaq: LEE) today announced that it has entered into a definitive stock purchase agreement for a $50 million strategic equity investment in the Company’s common stock. The investment is led by David Hoffmann (“Hoffmann”), with participation from other existing investors in the Company, providing the Company with committed capital and a strengthened financial and governance foundation as it moves Dec 30, 2025 - $LEE
Lee Enterprises Announces New Date for Special Meeting of Stockholders
DAVENPORT, Iowa, Dec. 02, 2025 (GLOBE NEWSWIRE) -- Lee Enterprises, Incorporated (NASDAQ: LEE) (the “Company”), a leading provider of trusted local news, information, and digital marketing services, today announced that its upcoming Special Meeting of Stockholders (the “Special Meeting”), originally scheduled for December 4, 2025, has been postponed and rescheduled for December 19, 2025 (the “Rescheduled Special Meeting”). The Company believes that moving the Special Meeting provides more time f Dec 2, 2025 - $LEE
Lee Enterprises Reports Fourth Quarter and Full Year FY25 results
Q4 Adjusted EBITDA(1) growth of $2M YOY on a comparable basis(2)Balance sheet derisking continues with pension plan terminationTotal Digital Revenue(3) was 53% of revenue in the quarter, representing $74MDigital-Only subscription revenue increased 16% YOY(4) in the quarter DAVENPORT, Iowa, Nov. 26, 2025 (GLOBE NEWSWIRE) -- Lee Enterprises, Incorporated (NASDAQ: LEE), a digital-first subscription platform providing high quality, trusted, local news, information and a major platform for advertisin Nov 26, 2025 - $LEE
Lee Enterprises, Inc. Announces Resignation of Chief Financial Officer Tim Millage
DAVENPORT, Iowa, Nov. 21, 2025 (GLOBE NEWSWIRE) -- Lee Enterprises, Incorporated (NASDAQ: LEE) today announced Chief Financial Officer, Tim Millage, will depart the company early next year to answer a calling outside of corporate life. After nearly a decade of leading financial organizations in public companies, he will become an Executive Pastor at Coram Deo Bible Church in Davenport, Iowa. “Serving Lee has been one of the greatest privileges of my professional life. I’m leaving to put my full Nov 21, 2025 - $LEE
Lee Enterprises plans quarterly call and webcast November 26, 2025
DAVENPORT, Iowa, Nov. 17, 2025 (GLOBE NEWSWIRE) -- Lee Enterprises, Incorporated (NASDAQ: LEE), a major subscription and advertising platform and a leading provider of high quality, trusted, local news and information in 72 markets, has scheduled an audio webcast and conference call for Wednesday, November 26, 2025, at 9 a.m. Central Time. Lee plans to issue a news release before the market opens that day with preliminary results for its quarter ended September 28, 2025. A live webcast of the co Nov 17, 2025 - $LEE
Lee Enterprises Announces Intent to Pursue Rights Offering to Potentially Reduce Term Loan Debt Interest Rate to 5% for Five Years
DAVENPORT, Iowa, Nov. 10, 2025 (GLOBE NEWSWIRE) -- Lee Enterprises, Inc. (Nasdaq: LEE) (“the Company”), a leading provider of local news and information, today announced its intent to commence a proposed equity rights offering (the “Proposed Rights Offering”). The Company is pursuing the Proposed Rights Offering as a means to raise capital to support the Company’s planned digital transformation. The Proposed Rights Offering will have an aggregate offering value of up to $50.0 million (the “Offer Nov 10, 2025 - $LEE
Lee Enterprises reports third quarter Adjusted EBITDA growth
Adjusted EBITDA(1) growth of 92% over Q2Total Digital Revenue(2) of $78M represented 55% of total revenueDigital-Only subscription revenue increased 16% YOY(3)Amplified Digital® Agency revenue totaled $29M, or up 10% YOY(3) DAVENPORT, Iowa, Aug. 07, 2025 (GLOBE NEWSWIRE) -- Lee Enterprises, Incorporated (NASDAQ: LEE), a digital-first subscription platform providing high quality, trusted, local news, information and a major platform for advertising in 72 markets, today reported preliminary third Aug 7, 2025 - $LEE
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