Lee Enterprises

Lee Enterprises, Inc. engages in the provision of local news, information, and advertising services. It also offers retail, classified, digital, national advertising, and niche publications. Its digital products include video, digital couponing, behavioral targeting, banner advertisements, and social networking. The company was founded by Alfred Wilson Lee in 1890 and is headquartered in Dover, DE.

Earnings data Q1 2021

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Earnings data Q4 2024

Lee Enterprises achieves digital revenue milestone amidst print challenges

Lee Enterprises made significant strides in digital transformation, surpassing print revenue and focusing on sustainable digital growth.
While facing challenges with print revenue decline, the company showcased strength in digital subscriptions and profitability through cost management.
Opportunities lie in capitalizing on digital revenue growth, investing in the digital future, and achieving financial targets for continued success.

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Lee Enterprises, Inc. engages in the provision of local news, information, and advertising services. It also offers retail, classified, digital, national advertising, and niche publications. Its digital products include video, digital couponing, behavioral targeting, banner advertisements, and social networking. The company was founded by Alfred Wilson Lee in 1890 and is headquartered in Davenport, IA.

DAVENPORT, Iowa, July 19, 2023 (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 75 markets, has scheduled an audio webcast and conference call for Thursday, August 3, 2022, at 9 a.m. Central Time. Lee plans to issue a news release before market opens that day with preliminary results for its 3rd quarter ended June 25, 2023.

Lee Enterprises plans quarterly call and webcast August 3, 2023

Lee Enterprises is shifting its business from print to digital, with 40% of its revenues currently from digital solutions, aiming for over 50% by FY26. Despite a 21% increase in digital-only subscribers and a 39% increase in digital-only subscription revenue, the company's overall revenue dropped due to a decline in print business. The company's financial situation is concerning, with a high debt load and potential for significant stock dilution due to declining EBITDA and accumulating losses.

Lee Enterprises Is Pivoting To Digital Solutions Too Slow

DAVENPORT, Iowa, May 09, 2023 (GLOBE NEWSWIRE) -- Lee Enterprises, Incorporated (NASDAQ: LEE) today announced that its Chief Executive Officer, Kevin Mowbray and Chief Financial Officer, Tim Millage will present and host one-on-one meetings with investors at the Sidoti's May Virtual Investor Conference - on Wednesday, May 10, 2023 at 10:45 Eastern Daylight Time.

Lee Enterprises to present at Sidoti's Virtual Investor Conference May 10-11

Lee Enterprises, Incorporated (NASDAQ:LEE ) Q2 2023 Earnings Conference Call May 4, 2023 10:00 AM ET Company Participants Josh Rinehults - Vice President, Finance Kevin Mowbray - President and Chief Executive Officer Tim Millage - Vice President, Chief Financial Officer and Treasurer Conference Call Participants Michael Kupinski - Noble Capital Markets Operator Welcome to the Lee Enterprise 2023 Second Quarter Webcast and Conference Call. The call is being recorded and will be available for replay at investors.lee.net.

Lee Enterprises, Incorporated (LEE) Q2 2023 Earnings Call Transcript

Total Digital Revenue(1) totaled $65M (+12% YOY)Digital-only subscribers total 596,000 (+21% YOY) with revenue +39% YOYAmplified Digital® revenue totaled $22M in the fiscal quarter (+20% YOY)Reaffirms Adjusted EBITDA(2) guidance for fiscal 2023

Lee Enterprises reports strong digital growth in the second quarter

DAVENPORT, Iowa, April 27, 2023 (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 77 markets, has scheduled an audio webcast and conference call for Thursday, May 4, 2022, at 9 a.m. Central Time. Lee plans to issue a news release before market opens that day with preliminary results for its 2nd quarter ended March 26, 2023.

Lee Enterprises plans quarterly call and webcast May 4, 2023

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DAVENPORT, Iowa, March 10, 2023 (GLOBE NEWSWIRE) -- On March 3, 2023, Lee Enterprises, Incorporated (NASDAQ: LEE), a digital-first subscription platform providing high quality, trusted, local news, information and a major platform for advertising in 77 markets, received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”), indicating the Company is in compliance with listing standards.

Lee Enterprises in compliance with Nasdaq listing standards

Lee Enterprises, Incorporated (NASDAQ:LEE ) Q1 2023 Earnings Conference Call March 2, 2023 10:00 AM ET Company Participants Josh Rinehults - Vice President, Finance Kevin Mowbray - President and Chief Executive Officer Timothy Millage - Chief Financial Officer Conference Call Participants Michael Kupinski - NOBLE Capital Markets Operator Welcome to the Lee Enterprises 2023 First Quarter Webcast and Conference Call. The call is being recorded and will be available for replay at investors.lee.net.

Lee Enterprises, Incorporated (LEE) Q1 2023 Earnings Call Transcript

Total Digital Revenue totaled $65M (+17% YOY)Digital-only subscribers total 564,000 (+25% YOY) with revenue +56% YOYAmplified Digital® revenue totaled $21M in the fiscal quarter (+45% YOY)Reaffirms Adjusted EBITDA guidance for fiscal 2023

Lee Enterprises reports strong digital growth in the first quarter

DAVENPORT, Iowa, Feb. 27, 2023 (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 77 markets, has scheduled an audio webcast and conference call for Thursday, March 2, 2023, at 9 a.m. Central Time. Lee plans to issue a news release before the market opens that day with preliminary results for its 1st quarter ended December 25, 2022.

Lee Enterprises files 10-K and announces quarterly call and webcast March 2, 2023

DAVENPORT, Iowa, Feb. 14, 2023 (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 77 markets, has received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that, as a result of the Company's continued delay in filing its Annual Report on Form 10-K for the fiscal year ended September 25, 2022 (the “2022 Form 10-K”) and because the Company did not file its Quarterly Report on Form 10-Q for the period ended December 25, 2022 (“2023 Q1 Form 10-Q”), within the prescribed time period, the Company is not in compliance with the timely filing requirement for continued listing under Nasdaq Listing Rule 5250(c)(1).

Lee Enterprises Receives Notification from Nasdaq Related to Delayed Quarterly Report on Form 10-Q

Change reflects rapid growth of the leading provider of digital solutions for media organizations and expansion into attractive new markets Change reflects rapid growth of the leading provider of digital solutions for media organizations and expansion into attractive new markets

TownNews, top digital content management system (CMS) provider for media organizations, rebrands as BLOX Digital

DAVENPORT, Iowa, Dec. 29, 2022 (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 77 markets, has received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that, as a result of the Company's delay in filing its Annual Report on Form 10-K for the fiscal year ended September 25, 2022 (the “2022 Form 10-K”) within the prescribed time period, the Company is not in compliance with the timely filing requirement for continued listing under Nasdaq Listing Rule 5250(c)(1).

Lee Enterprises Receives Notification from Nasdaq Related to Delayed Annual Report on Form 10-K

Lee Enterprises, Incorporated (NASDAQ:LEE ) Q4 2022 Earnings Conference Call December 8, 2022 10:00 AM ET Company Participants Josh Rinehults - Vice President, Finance Kevin Mowbray - President & Chief Executive Officer Tim Millage - Vice President, Chief Financial Officer & Treasurer Conference Call Participants Michael Kupinski - NOBLE Capital Markets Operator Welcome to the Lee Enterprise 2022 Fourth Quarter Webcast and Conference Call. This call is being recorded and will be available for replay at investors.lee.net.

Lee Enterprises, Incorporated (LEE) Q4 2022 Results - Earnings Call Transcript

Adjusted EBITDA( 1) grew 17% YOY in the quarter, in line with full year guidanceAchieved all digital revenue guidance for the quarter and for the fiscal yearDigital-only subscribers total 532,000 (+32% YOY)Amplified Digital® revenue totaled $76M in the fiscal year (+83% YOY)

Lee Enterprises achieves all fiscal-year guidance with strong fourth quarter results

DAVENPORT, Iowa, Nov. 29, 2022 (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 77 markets, has scheduled an audio webcast and conference call for Thursday, December 8, 2022, at 9 a.m. Central Time. Lee plans to issue a news release before market opens that day with preliminary results for its year ended September 25, 2022.

Lee Enterprises plans quarterly call and webcast December 8, 2022

Despite ever-growing comps, LEE continues to attract a greater proportion of digital subscribers than its peers. Newsprint costs could reduce and the operating cash generation could improve from here.

Lee Enterprises: Some Good, Some Bad

DAVENPORT, Iowa, Sept. 09, 2022 (GLOBE NEWSWIRE) -- Lee Enterprises, Incorporated (NASDAQ: LEE), a leading provider of high-quality, trusted local news and information, a major platform for advertising in 77 markets and the fastest-growing digital subscription platform in local media, has added a 12-member team of experienced, veteran investigative and data-focused reporters to provide the industry's most impactful local journalism.

Lee Enterprises bolsters commitment to in-depth, investigative reporting with national Public Service Journalism team

Lee Enterprises, Incorporated (NASDAQ:LEE ) Q3 2022 Earnings Conference Call August 4, 2022 10:00 AM ET Company Participants Josh Rinehults - Vice President, Finance Kevin Mowbray - President & Chief Executive Officer Tim Millage - Vice President, Chief Financial Officer & Treasurer Conference Call Participants Mike Kupinski - NOBLE Capital Markets Operator Welcome to the Lee Enterprise 2022 Third Quarter Webcast and Conference Call. The call is being recorded and will be available for replay beginning later this morning at investors.lee.net.

Lee Enterprises, Incorporated (LEE) CEO Kevin Mowbray on Q3 2022 Results - Earnings Call Transcript

Digital-only subscribers total 501,000 (49% YOY)Reached digital inflection point in advertising with 51% digital revenueAmplified Digital® revenue grew 74% and totaled $66M over the last twelve monthsReaffirms full year Adjusted EBITDA(1) guidance of $95 - $98 million

Lee Enterprises reports third quarter results, achieves many full-year digital targets early

DAVENPORT, Iowa, July 25, 2022 (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 77 markets, has scheduled an audio webcast and conference call for Thursday, August 4, 2022, at 9 a.m. Central Time. Lee plans to issue a news release before market opens that day with preliminary results for its third fiscal quarter ended June 26, 2022.

Lee Enterprises plans quarterly call and webcast August 4, 2022

The newspaper industry was supposed to recover as the economy did. That has not happened.

Lee Enterprises Stock Shows Media in Deep Trouble

Adds Extensive, Hands-On Digital Transformation Experience Adds Extensive, Hands-On Digital Transformation Experience

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