Core Insights - Lee Enterprises reported a significant growth in Adjusted EBITDA of $5 million, representing a 61% year-over-year increase, positioning the company favorably for fiscal 2026 [1][3] - The company secured a $50 million equity investment, enhancing its financial stability and supporting its digital transformation efforts [3][4] - The interest rate on outstanding debt was reduced from 9% to 5%, expected to save approximately $18 million annually, totaling up to $90 million over five years [3][6] Financial Performance - For the first quarter ended December 28, 2025, total operating revenue was $130 million, with digital revenue accounting for $70 million, or 54% of total revenue [5][15] - Digital-only subscription revenue reached $23 million, up 5% year-over-year, with a total of 609,000 digital-only subscribers [5][15] - Operating expenses totaled $126 million, reflecting a 16% decrease compared to the previous year, while cash costs decreased by 13% to $121 million [5][17] Debt and Capital Structure - The company has $455 million of debt outstanding, with favorable terms including a 25-year maturity and no fixed principal payments [6][10] - The recent $50 million private placement of common stock led to amendments in the credit agreement, significantly lowering the interest rate on the term loan [6][19] - The company anticipates a net loss of $5 million for the quarter, but Adjusted EBITDA was reported at $12 million, an increase of $5 million from the prior year [5][13] Strategic Outlook - The company aims for mid-single-digit Adjusted EBITDA growth year-over-year for fiscal 2026, supported by its Three Pillar Digital Growth Strategy [4][5] - The focus remains on building durable, recurring revenue streams while managing costs associated with legacy revenue [3][4] - The company expects to receive additional reimbursements from its insurance carrier related to a previous cyber event, which will further support financial performance [3][5]

Group 1 - Lee Enterprises, Incorporated is a major subscription and advertising platform providing local news and information in 72 markets [1][3] - The company will hold an audio webcast and conference call on February 10, 2026, at 9 a.m. Central Time to discuss preliminary results for the quarter ended December 28, 2025 [1][2] - Lee Enterprises operates daily newspapers, digital products, and nearly 350 weekly and specialty publications across 25 states [3] Group 2 - The live webcast of the conference call will be accessible on Lee's Investor Relations website and will be available for replay 24 hours later [2] - The company emphasizes its commitment to providing valuable, intensely local news and information to the communities it serves [3] - Lee Common Stock is traded on NASDAQ under the symbol LEE [3]

Core Points - Lee Enterprises has postponed its Special Meeting of Stockholders from December 4, 2025, to December 19, 2025, to enhance stockholder engagement and participation [1][2] - The purpose of the Rescheduled Special Meeting remains unchanged, and all proposals for voting will proceed as previously disclosed [3] - The record date for determining stockholders entitled to vote at the Rescheduled Special Meeting remains unchanged, and stockholders who have submitted proxies do not need to take further action unless they wish to change their vote [3] 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 [4] - The company is committed to delivering valuable, intensely local news and information to the communities it serves, with markets including St. Louis, MO; Buffalo, NY; Omaha, NE; and others [4] - Lee Common Stock is traded on NASDAQ under the symbol LEE [4] Additional Information - Information regarding the Rescheduled Special Meeting, including proposals and voting instructions, can be found in the Definitive Proxy Statement filed with the U.S. Securities and Exchange Commission on November 13, 2025 [5] - Stockholders are encouraged to read the Proxy Statement and any relevant documents filed with the SEC for important information regarding the solicitation [5]

Core Viewpoint - Lee Enterprises, Incorporated is set to announce preliminary results for its quarter ended September 28, 2025, during a scheduled audio webcast and conference call on November 26, 2025, at 9 a.m. Central Time [1] Company Overview - Lee Enterprises is a significant subscription and advertising platform, providing local news and information through daily newspapers, digital products, and nearly 350 weekly and specialty publications across 72 markets in 25 states [3] - The company is committed to delivering valuable, intensely local news and information to the communities it serves, with notable markets including St. Louis, MO; Buffalo, NY; Omaha, NE; and others [3] - Lee Common Stock is traded on NASDAQ under the symbol LEE [3]

Core Viewpoint - Lee Enterprises, Inc. is initiating a proposed equity rights offering to raise up to $50 million to support its digital transformation efforts [1][2]. Group 1: Proposed Rights Offering - The proposed rights offering aims to raise capital for the company's digital transformation, with an aggregate offering value of up to $50 million [1]. - If the full offering amount is raised, the company will benefit from a reduction in its annual interest rate from 9% to 5% for five years, resulting in annual interest savings of approximately $18 million and up to $90 million over the five-year period [2]. - The net proceeds from the offering will be allocated for working capital and investments in technology related to advertising strategies, audience outreach, and digital products [3]. Group 2: Stockholder Consent and Share Structure - The company is seeking stockholder consent to amend its charter to authorize additional shares of existing common stock, a new class of convertible non-voting common stock, and "blank check" preferred stock [4]. - Holders of the company's voting common stock will receive subscription rights, which include a basic subscription right and an over-subscription privilege [5][10]. - The non-voting common stock issued in the offering is expected to convert automatically into voting common stock after three years [7]. Group 3: Regulatory and Procedural Aspects - A registration statement on Form S-1 has been filed with the U.S. Securities and Exchange Commission (SEC) to facilitate the proposed rights offering [8]. - The company reserves the right to modify, postpone, or cancel the proposed rights offering at any time [9]. - The offering will be made only by means of a prospectus that meets the requirements of the Securities Act of 1933 [11].

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]

Core Viewpoint - Lee Enterprises, Incorporated is set to announce preliminary results for its quarter ended March 30, 2025, during a scheduled audio webcast and conference call on May 8, 2025 [1] Company Overview - Lee Enterprises is a significant 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 [3] - The company emphasizes its commitment to delivering valuable, intensely local news to the communities it serves, with notable markets including St. Louis, MO; Buffalo, NY; and Omaha, NE [3] - Lee Common Stock is traded on NASDAQ under the symbol LEE [3]