DAVENPORT, Iowa, Dec. 16, 2024 (GLOBE NEWSWIRE) -- Lee Enterprises, a leading provider of local news, information, and advertising across 73 markets in the United States, today announced that it has selected Amazon Web Services (AWS) as its Preferred Cloud Provider to modernize its cloud infrastructure and accelerate the development of generative AI (GenAI) platforms. By going all-in on AWS, Lee Enterprises is advancing its digital transformation strategy to enhance subscriber experiences and advertising se ...

Digital Subscribers and Growth - Lee Enterprises serves 73 mid-sized communities across 26 states with over 771,000 digital subscribers[5] - Digital-only subscriptions increased by 7% in 2024, reaching over 771,000 subscribers[36] - Lee Enterprises aims to achieve over 1.2 million digital-only subscribers by 2028[37] - The St. Louis Post-Dispatch has 87,358 digital and print subscribers as of September 2024[42] Digital Revenue and Advertising - BLOX Digital revenue grew 10.4% in 2024, totaling $38.6 million[26] - The company’s digital advertising and marketing services remain a key strategic priority for 2025[14] - Amplified Digital Solutions uses AI-driven media planning for targeted advertising campaigns[39] - Advertising and marketing services account for 45% of the company's revenue, while subscription revenue accounts for 46%[79] Technology and Content Strategy - Lee Enterprises plans to invest in enhancing mobile platform user experience and personalizing content in 2025[34] - Lee Enterprises leverages generative AI to enhance content creation and subscriber engagement[8] - The company’s proprietary local content is designed to grow audiences and increase monetization opportunities[35] Financial and Operational Risks - The company faces risks from the shift in newspaper readership and advertising expenditures towards digital media, requiring significant capital investments[78] - The company's digital business growth depends on increasing digital audiences, attracting advertisers, and developing new technologies[80] - The company is exposed to risks from economic downturns, inflation, rising interest rates, and geopolitical events that could negatively impact its business[62] - The company's advertising revenues are highly sensitive to the strength of the economies in which it operates and the demographics of local communities[60] - The company faces risks from natural disasters, extreme weather conditions, and public health emergencies that could disrupt its operations[73] Debt and Financial Obligations - The company's Term Loan has an aggregate principal outstanding amount of $445.9 million, reduced from the initial $576.0 million[88] - The Term Loan carries a 9% annual interest rate and is collateralized by all company assets[88] - The company faces risks of default if it fails to meet debt service obligations, potentially leading to accelerated repayment of principal and interest[91] - The 2020 Refinancing imposes restrictions on incurring additional debt, issuing dividends, and repurchasing shares, limiting financial flexibility[90][92] Cybersecurity and Data Privacy - Cybersecurity risks could result in significant remediation costs, lost revenues, and legal claims if data breaches occur[96][98] - The company stores sensitive customer data, including payment card information, making network security critical[100][103] - The company relies on third-party service providers for network security, which could be compromised, leading to potential data breaches[100] - Payment card industry data security standards must be followed to avoid fines or loss of payment card acceptance capabilities[103] - The company may face legal and regulatory claims if it fails to comply with data breach notification or consumer privacy laws[104] Employee and Union Information - The company had 3,047 employees as of September 29, 2024, including 373 part-time employees, with 2,897 full-time equivalent employees and 366 represented by unions[46] Assets and Liabilities - The company's goodwill was valued at $328.0 million, mastheads at $10.9 million, and amortizable intangible assets at $59.2 million as of September 29, 2024[69] - Pension and postretirement plan liabilities could increase due to market volatility, higher discount rates, or changes in mortality estimates, reducing available cash[107] Internal Controls and Compliance - The company's internal controls over financial reporting are critical, and any material weaknesses could harm its stock price and investor confidence[66] - The integration of Generative AI presents risks related to security, intellectual property, ethical concerns, and competitive harm[76]

Lee Enterprises Reports Fourth Quarter and Full-Year FY24 results (1) Total Digital Revenue was 51% of revenue in the quarter, representing $82M Digital-only subscription revenue increased 30% in the quarter Amplified Digital Agency revenue totaled $28M in the quarter, up 21% YOY , approaching $100M for the fiscal year (2) ® (2) DAVENPORT, Iowa (December 12, 2024) — Lee Enterprises, Incorporated (NASDAQ: LEE), a digital-first subscription platform providing high quality, trusted, local news, information and ...

Lee Enterprises, Incorporated (NASDAQ:LEE) Q4 2024 Earnings Conference Call December 12, 2024 10:00 AM ET Company Participants Jared Marks - Vice President, Finance Kevin Mowbray - President and Chief Executive Officer Timothy Millage - Vice President, Chief Financial Officer and Treasurer Les Ottolenghi - Chief Transformation and Commercial Officer Conference Call Participants Daniel Harriman - Sidoti & Company Operator Welcome to the Lee Enterprises' 2024 Fourth Quarter Webcast and Conference Call. This c ...

Lee Enterprises, Incorporated (LEE) came out with a quarterly loss of $1.69 per share versus the Zacks Consensus Estimate of $0.65. This compares to loss of $0.32 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -360%. A quarter ago, it was expected that this company would post earnings of $0.68 per share when it actually produced a loss of $0.73, delivering a surprise of -207.35%.Over the last four quarters, the company has no ...

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or ...

DAVENPORT, Iowa, Nov. 26, 2024 (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 73 markets, has scheduled an audio webcast and conference call for Thursday, December 12, 2024, at 9 a.m. Central Time. Lee plans to issue a news release before the market opens that day with preliminary results for its year ended September 29, 2024. A live webcast of the conference call ma ...

Paris (France), October 31, 2024 Viridien announces the departure of Helen LEE BOUYGUES from the Board of Directors and the co-optation of Amélie OYARZABAL Helen LEE BOUYGUES resigned from her position as Director, effective as of September 11, 2024, to fully dedicate herself to new responsibilities. On October 31, 2024, upon recommendation of the Appointment, Remuneration and Governance Committee, the Board of Directors co-opted Amélie OYARZABAL as new independent Director for the remainder of Helen LEE B ...

LEE Enterprises (LEE, Financial) experienced a notable stock movement, with its price surging by 6.90%. The stock is currently priced at $9.30 per share, trading a volume of 18,464 shares and holding a turnover rate of 0.30% with a volatility of 5.46%. Recent financial reports show that LEE Enterprises achieved a revenue of $151 million, with a net loss of $4.27 million, and an earnings per share (EPS) of -$0.73. The gross profit for the company stands at $80.35 million, with a price-to-earnings (P/E) ratio ...

DAVENPORT, Iowa, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Lee Enterprises, Incorporated (NASDAQ: LEE) today announced its Chief Executive Officer, Kevin Mowbray, and Chief Financial Officer, Tim Millage, will hold a group presentation and host one-on-one meetings with investors at the Sidoti August Virtual Investor Conference, taking place on August 14-15, 2024. The group presentation will begin at 1:00pm ET on August 15, 2024, and can be accessed live here. Lee Enterprises will also host virtual one-on-one meetin ...