Hoffmann David Henry purchased $391K of LEE

Lee Enterprises acquired the Great Falls Tribune and three South Dakota papers from USA Today Co. The deal expands Lee's presence in Montana, adding to its existing newspapers in major cities. USA Today Co. will fully own the Arizona Daily Star. The transaction is in strategic agreement stages, with no immediate staffing details disclosed.

Lee Enterprises, parent of the Rapid City Journal, acquired several regional newspapers in South Dakota and Montana from USA TODAY. The deal includes the Sioux Falls Argus Leader, Aberdeen American News, and others, expanding Lee's portfolio to 193 media brands across 28 states.

Lee Enterprises (LEE) reported Q3 FY2026 net income of $5.2 million and adjusted EBITDA of $18.4 million, up 23% year over year. Digital revenue was $71.6 million, 57% of operating revenue, with 584,000 digital-only subscribers. Management raised full-year adjusted EBITDA growth outlook to 22% to 28% and cited lower interest expense after a rate reduction.

Lee Enterprises reported Q3 2026 progress toward a digital-first model, saying digital revenue was 57% of total revenue. It cited a 15% cash cost reduction and fifth straight quarter of comparable adjusted EBITDA growth, raising full-year adjusted EBITDA guidance to 22% to 28%. The company expects about $18M annual interest savings, positive net income of $5.2M, and plans debt paydown using excess cash and non-core asset sales.

LEE ENTERPRISES, Inc (LEE) filed an SEC Form 8-K — Results of Operations and Financial Condition. Lee Enterprises Reports Strong Third Quarter Results and Increases 2026 Fiscal Year Outlook Delivered Net Income of $5 million 23% YOY Adjusted EBITDA (1) growth in Q3 Digital revenue (2) represents 57% of total revenue in Q3 Ended Q3 with $59 million in cash Increased fiscal 202

Hoffmann David Henry purchased 10,600 shares of LEE ENTERPRISES, Inc (LEE) at $9.56 ($0.10M total) on 2026-05-22.