Sector: Consumer Cyclicals | Industry: Consumer Publishing |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 4600 E. 53Rd Street DAVENPORT IA 52807 |
Tel: | N/A |
Website: | https://lee.net |
IR: | See website |
Key People | ||
Kevin D. Mowbray President, Chief Executive Officer, Director | Timothy R. Millage Chief Financial Officer, Vice President, Treasurer | Joseph J. Battistoni Vice President - Sales and Marketing |
Nathan E. Bekke Vice President - Audience Strategy, Consumer Sales and Marketing, Operating Vice President | Astrid J. Garcia Vice President - Human Resources and Legal, Chief Legal Officer | Jolene Sherman Vice President - Business Development and Market Strategy | Les Ottolenghi Chief Transformation and Commercial Officer |
Business Overview |
Lee Enterprises, Incorporated is a provider of local news and information in the markets it serves with digital subscription and advertising platforms. The Company's product portfolio includes digital subscription platforms, daily, weekly and monthly newspapers and niche publications, all delivering original local news and information. The Company's products offer print and digital editions, and its content and advertising are available in real time through its websites and mobile apps. It operates in predominately mid-sized communities with products ranging from daily newspapers and associated digital products, such as the St. Louis Post-Dispatch and The Buffalo News, to non-daily newspapers with news websites and digital platforms serving smaller communities. The Company is focused on three categories: subscriptions to its product offerings, advertising and marketing solutions to local advertisers, and digital services to a diverse set of customers. |
Financial Overview |
For the 26 weeks ended 24 March 2024, Lee Enterprises Inc revenues decreased 15% to $302.2M. Net loss increased from $4.8M to $11.5M. Revenues reflect Advertising and marketing services decrease of 19% to $135M, Subscription decrease of 11% to $140.6M, Other revenue decrease of 12% to $26.6M. Higher net loss reflects Assets loss (gain) on sales, impairments increase from $3.4M (income) to $6.1M (expense), Other. |
Employees: | 2,832 as of Sep 24, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $509.04M as of Mar 24, 2024 |
Annual revenue (TTM): | $637.55M as of Mar 24, 2024 |
EBITDA (TTM): | $77.19M as of Mar 24, 2024 |
Net annual income (TTM): | -$11.97M as of Mar 24, 2024 |
Free cash flow (TTM): | -$5.70M as of Mar 24, 2024 |
Net Debt Last Fiscal Year: | $437.54M as of Mar 24, 2024 |
Shares outstanding: | 6,143,000 as of Mar 24, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |