Lee Enterprises Inc (OQ:LEE)

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
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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

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