DAVENPORT, Iowa, July 24, 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 Thursday, August 7, 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 June 29, 2025. A live webcast of the conference call may be ...

Core Insights - Nathan Bekke has been appointed as the Chief Operating Officer of Lee Enterprises, succeeding his role as Operating Vice President and Vice President of Audience Strategy [1][2] - Kevin Mowbray, the President and CEO of Lee, highlighted Bekke's significant contributions to the company's digital transformation and revenue growth, particularly in digital-only audience expansion [2] - Bekke expressed his commitment to accelerating Lee's digital transformation and building on the company's progress as a digital-first organization [2] Company Overview - Lee Enterprises is a major subscription and advertising platform, providing local news and information through daily newspapers and nearly 350 weekly and specialty publications across 72 markets in 25 states [6] - The company is focused on delivering valuable local news and information to its communities, with key markets including St. Louis, MO; Buffalo, NY; Omaha, NE; and Richmond, VA [6] - Lee's common stock is traded on NASDAQ under the symbol LEE [6]

TSX.V: DMEU.S. OTC: DMEHFFrankfurt: QM01VANCOUVER, BC, May 20, 2025 /PRNewswire/ - DESERT MOUNTAIN ENERGY CORP. (the "Company") (TSXV: DME) (OTC: DMEHF) (Frankfurt: QM01) From the President of the Company. Desert Mountain Energy Corp. proudly joined leaders from across Arizona last week as U.S. Environmental Protection Agency (EPA) Administrator Lee Zeldin formally approved the State of Arizona's application for primacy to oversee permitting and regulatory responsibilities for all underground injection well ...

Core Insights - Lee Enterprises, Inc. is hosting a "Draw Off" event series featuring editorial cartoonists Phil Hands and Adam Zyglis alongside D.J. Coffman from VeeFriends, aimed at blending local news with a broader digital audience through creativity and storytelling [1][3][4] Event Details - The events will be streamed live on Facebook, with the first session on May 20, 2025, featuring Phil Hands, and the second on May 22, 2025, featuring Adam Zyglis [2][4] - Each session will last one hour, allowing viewers to engage by commenting and voting while the cartoonists create new sketches in real time [2][3] Company Background - Lee Enterprises serves 72 markets across 25 states, focusing on quality journalism and digital innovation to provide valuable content and advertising solutions [5] - VeeFriends is an entertainment company that creates a universe of over 250 characters, promoting storytelling and community-driven experiences [6]

Revenue Performance - Total operating revenue was $137.4 million in the 2025 Quarter, down $9.2 million, or 6.3%, compared to the 2024 Quarter[68]. - Total operating revenue for the six months ended March 30, 2025, was $281.9 million, down $20.3 million, or 6.7%, compared to the 2024 Period[91]. - Subscription revenue decreased to $129.9 million in the 2025 Period, a decline of 7.6%, despite a 14.2% growth in digital-only subscription revenue, which now totals 728,000[93]. - Advertising and marketing services revenue totaled $60.5 million in the 2025 Quarter, down 5.7% compared to the 2024 Quarter[69]. - Advertising and marketing services revenue totaled $127.1 million in the 2025 Period, down 5.9% compared to the 2024 Period, with digital advertising representing 71.4% of total revenue[92]. Digital Revenue Growth - Digital subscription revenue grew 17.4% to $23.8 million in the 2025 Quarter, with digital-only subscribers totaling 728,000[70]. - Total digital revenue reached $72.6 million in the 2025 Quarter, an increase of 2.5%, representing 52.8% of total operating revenue[72]. - Total digital revenue increased by 3.0% to $145.9 million in the 2025 Period, representing 51.8% of total operating revenue[95]. Operating Expenses - Total operating expenses decreased by 6.1% to $143.0 million in the 2025 Quarter, with significant reductions in newsprint and ink costs by 25.3%[74][75]. - Total operating expenses were $292.1 million in the 2025 Period, a decrease of 3.2% compared to the 2024 Period[97]. Net Loss and Financial Performance - Net loss for the 2025 Quarter was $12.0 million, with diluted loss per share at $2.07, compared to a net loss of $11.6 million and diluted loss per share of $2.06 in the 2024 Quarter[86]. - Net loss for the 2025 Period was $28.2 million, with diluted loss per share of $4.87, compared to a net loss of $10.4 million and diluted loss per share of $1.94 in the 2024 Period[110]. Cash Flow and Liquidity - Cash required for operating activities totaled $8.1 million in the 2025 Period, a decrease of $11.4 million compared to cash provided by operating activities of $3.3 million in the 2024 Period[121]. - Cash provided by investing activities totaled $3.2 million in the 2025 Period, compared to $0.2 million in the 2024 Period, including proceeds from the sale of non-core real estate[123]. - The company's liquidity totaled $4.7 million on March 30, 2025, with plans to reduce operating and capital spending to maintain sufficient liquidity[128]. Restructuring Costs - Restructuring costs increased by 57.4% to $6.5 million in the 2025 Quarter, primarily due to costs associated with recovering from a Cyber Incident[77]. - Restructuring costs increased by $3.3 million in the 2025 Period, primarily due to costs associated with recovering from the Cyber Incident and ongoing business transformation efforts[100]. Interest Expense - Interest expense decreased by 2.6% to $10.0 million in the 2025 Quarter, attributed to a lower average outstanding balance on the Term Loan[82]. Capital Expenditures - The company anticipates capital expenditures of up to $7.0 million in 2025 will be funded from internally generated funds[124].

Lee Enterprises Reports Second Quarter Results Total Digital Revenue of $73M represented 53% of total revenue Digital-Only subscription revenue increased 20% YOY Amplified Digital Agency revenue totaled $25M, or up 9% YOY (1) (2) ® (2) DAVENPORT, Iowa (May 8, 2025) — 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 second quarter fiscal 202 ...

Lee Enterprises (LEE) Q2 2025 Earnings Call May 08, 2025 10:00 AM ET Company Participants Jared Marks - Vice President, FinanceKevin Mowbray - President and Chief Executive OfficerTimothy Millage - Vice President, Chief Financial Officer and Treasurer Operator Welcome to the Lee Enterprises twenty twenty five Second Quarter Webcast and Conference Call. The call is being recorded and will be available for replay at investors.lee.net. At the close of the plant remarks, there will be an opportunity for questio ...

Financial Data and Key Metrics Changes - The total operating revenue for the second quarter was $137 million, showing an improvement in trend from the first quarter despite the impact of a cyber incident [12] - The net loss for the quarter totaled $12 million, which included expenses associated with debt, even though payments were waived [22] - Free cash flow was minimal, but the company expects to be free cash flow positive in the second half of fiscal year 2025 due to significant changes in cost structure [22] Business Line Data and Key Metrics Changes - Total digital revenue grew 4% year over year on a same-store basis, with digital subscription revenue leading the way at a growth rate of 20% [9][13] - Amplified Digital agency revenue grew 9% year over year, contributing to the overall digital revenue growth [13] - The company executed approximately $40 million in annualized cost reductions in the second quarter, aimed at driving margin improvements [14] Market Data and Key Metrics Changes - Digital subscription revenue has grown 40% annually over the last three years, significantly outpacing the nearest industry competitor [8] - The company’s digital revenue has grown more than 17% annually since fiscal year 2021, translating to comparable annual growth in digital gross margin [12] Company Strategy and Development Direction - The company is committed to a digital transformation strategy, aiming for $450 million in digital revenue by 2028 [7] - The introduction of a suite of AI products is expected to accelerate digital revenue growth, with the first product, AI enablement, aimed at local businesses [10] - The focus remains on replacing print revenue with growing and profitable digital revenue to achieve long-term sustainability [12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to drive sustainable growth and deliver long-term value to shareholders despite the challenges faced during the quarter [7] - The updated outlook reflects improved total digital revenue growth trends in the second half of the fiscal year, with expectations for year-over-year growth in adjusted EBITDA [19] Other Important Information - The cyber incident in February caused significant disruption, impacting operations and financial performance, but the company has since fully recovered [6][7] - The company has made considerable progress in paying down debt and remains committed to reducing debt going forward [16] Q&A Session Summary Question: Did the net loss of $12 million in the quarter include the interest deferral? When does the company expect to be free cash flow positive? - The net loss includes expenses associated with debt, even though payments were waived. The company expects to be free cash flow positive in the second half of fiscal year 2025 due to changes in cost structure and digital revenue outlook [22]

SECOND QUARTER FY2025 EARNINGS PILLAR 1 MAY 8, 2025 SAFE HARBOR The information provided in this presentation may include forward-looking statements relating to future events or the future financial performance of the Company. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Words such as "aims", "anticipates," "plans," "expects," "intends," "will," "potential," "hope" and similar expressi ...

Core Viewpoint - Lee Enterprises reported a quarterly loss of $2.07 per share, significantly worse than the Zacks Consensus Estimate of a loss of $0.58, indicating a substantial earnings surprise of -256.90% [1] Financial Performance - The company posted revenues of $137.38 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 3.63% and down from $146.55 million a year ago [2] - Over the last four quarters, Lee Enterprises has consistently failed to surpass consensus EPS and revenue estimates [2] Stock Performance - Lee Enterprises shares have declined approximately 45.1% since the beginning of the year, contrasting with the S&P 500's decline of -4.3% [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it is expected to perform in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is -$0.13 on revenues of $147.46 million, and for the current fiscal year, it is -$3.58 on revenues of $587.63 million [7] - The trend of earnings estimate revisions is mixed, which could change following the recent earnings report [6] Industry Context - The Publishing - Newspapers industry, to which Lee Enterprises belongs, is currently ranked in the top 38% of over 250 Zacks industries, indicating a relatively strong position [8]