UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For The Quarterly Period Ended March 31, 2019 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-6227 LEE ENTERPRISES, INCORPORATED (Exact name of Registrant as specified in its Charter) (State or other jurisdiction of incorporation or organization) Delaware 42-082398 ...

Financial Data and Key Metrics Changes - Total revenue for the quarter decreased by 4% while cash costs were down by 2.6% [17] - Adjusted EBITDA totaled $23.6 million for the quarter and $125.9 million over the last 12 months [24] Business Line Data and Key Metrics Changes - Total digital revenue increased by 8% in the second quarter, totaling over $117 million over the last 12 months [8] - Revenue at TownNews increased by 24.3% in the second quarter, totaling $20.9 million over the last 12 months with adjusted EBITDA margins of 40% [9] - Subscription revenue decreased by 1.9% in the second quarter, showing a 220-basis-point improvement from the first quarter [15] Market Data and Key Metrics Changes - Local controllable retail accounts represented approximately 6% of advertising revenue, outperforming overall advertising trends [12] - Revenue from the Amplified Digital agency increased by 18% in the second quarter [15] Company Strategy and Development Direction - The company aims to dominate market share among print and digital local market operations, diversify its customer base, and increase average revenue per user [11] - The transition to the News+ membership program is expected to improve retention and provide opportunities for strategic pricing actions [16] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about future performance despite industry challenges, citing strong digital transformation and cost management strategies [17] - The company plans to continue using additional cash flow to pay down debt and make strategic acquisitions [39] Other Important Information - Cash costs are expected to decline between 4% and 5% for fiscal year 2019 compared to fiscal year 2018 [23] - The principal amount of debt totaled $476.5 million as of the end of the second quarter [25] Q&A Session Summary Question: What is the addressable market for TownNews? - Management indicated that there is substantial growth potential in increasing ARPU from existing customers and expanding into the broadcast space [30] Question: What is the company's market share in TownNews? - Management believes there is significant upside in market share, particularly in print and broadcast sectors [33] Question: What is the latest thinking on debt refinancing? - Management discussed ongoing productive conversations with advisers and lenders regarding refinancing objectives, including lowering the cost of capital and extending the debt maturity [35][36] Question: When will the company pay investors a quarterly dividend? - Management stated that all additional cash flow will be used to pay down debt and make strategic acquisitions, prioritizing these over dividends [39]

FORM 10-Q [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 For The Quarterly Period Ended December 30, 2018 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-6227 LEE ENTERPRISES, INCORPORATED (Exact name of Registrant as specified in its Charter) (State or other jurisdiction of incorporation or organization) Delaware 42-082 ...

Lee Enterprises, Inc. (NASDAQ:LEE) Q1 2019 Earnings Conference Call February 7, 2019 10:00 AM ET Company Participants Jamie Samath - Corporate Controller Mary Junck - Executive Chairman Kevin Mowbray - President and Chief Executive Officer Timothy Millage - Vice President and Chief Financial Officer Nathan Bekke - Vice President, Consumer Sales and Marketing Paul Farrell - Vice President of Sales James Green - Vice President, Digital. Conference Call Participants Operator Welcome to the Lee Enterprises' 201 ...