LEE Lee Enterprises, Incorporated - Common Stock

NASDAQ · Media · View on SEC EDGAR ↗
$8.32
Price · Aug 19, 2026
Fundamentals as of Aug 7, 2026

About Lee Enterprises, Incorporated - Common Stock Company overview from Wikipedia

Lee Enterprises, Inc. is a publicly traded American media company. It publishes 72 daily newspapers in 25 states, and more than 350 weekly, classified, and specialty publications. Lee Enterprises was founded in 1890 by Alfred Wilson Lee and is based in Davenport, Iowa.

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Lee Enterprises, Inc. is a publicly traded American media company. It publishes 72 daily newspapers in 25 states, and more than 350 weekly, classified, and specialty publications. Lee Enterprises was founded in 1890 by Alfred Wilson Lee and is based in Davenport, Iowa.

The company also provides online services, including websites supporting its daily newspapers and other publications. Lee had more than 26 million unique web and mobile visitors monthly, with 229.1 million pages viewed. Lee became majority partner of TownNews.com in 1996; Town News creates software for newspaper publication purposes. The company offers commercial printing services to its customers.

Lee Enterprises is currently the fourth-largest newspaper group in the United States of America. The company acquired Howard Publications (16 daily newspapers) for $694 million in 2002 and Pulitzer, Inc. (14 daily, over 100 non-daily), for $1.5 billion in 2005.

History

21st century

In 2000, Lee sold its broadcasting division to pay off debt and to focus on newspaper publishing. Most of the TV stations were sold to Emmis Communications and as of 2007 had been sold onward to other companies.

Chapter 11 bankruptcy and bailout reorganization

In 2011, the company filed for Chapter 11 bankruptcy. It emerged from bankruptcy less than two months later. In April 2012, Warren Buffett's Berkshire Hathaway Inc. took a stake in Lee Enterprises, buying $85 million of the company's debt from Goldman Sachs Group.

In June 2012, Berkshire Hathaway filed an amended Form 13F (13F-HR/A) for the period ending March 31, 2012. This document disclosed that Berkshire accumulated $2,119,000 or 1,655,125 common shares of Lee Enterprises, or a 3.2 percent stake. The document said that Berkshire had asked the SEC to keep the transaction secret, a request denied on May 25, 2012.

From January 2012 to April 2017, the company's executive chairman, Mary Junck, was chairman of the Associated Press. In December 2018, Lee Enterprises announced that Mary Junck would switch from Executive Chairman to chairman of the company.

In April 2013, Lee Enterprises announced that Berkshire Hathaway refinanced the remaining Pulitzer acquisition debt equating to $94 million, at no cost. The collateral involved was the TNI Partner stake including the Arizona Daily Star and azstarnet.com. This produced a reduction in interest from a variable rate of 11.3% to a fixed rate of 9%, and an extension of the debt maturity date of the debt from December 2015 to April 2017. At the time of the announcement Lee Enterprises noted there was $893 million left to pay off. Lee paid off and retired its New Pulitzer notes in June 2015, six months before the original maturity date and 22 months before the new maturity date. Lee also refinanced its remaining debt in 2014 in order to extend the maturities from 2015 and 2017 to 2019 and 2022. Lee retired its 1st Lien Term Loan in November 2018, four months before its scheduled March 2019 maturity.

On June 27, 2018, Lee Enterprises and Berkshire Hathaway reached a five-year agreement to allow Lee Enterprises to manage Berkshire Hathaway's newspaper and digital operations.

Acquisition of BH Media Group

On January 29, 2020, Lee Enterprises announced an agreement to buy Berkshire Hathaway's BH Media Group publications and The Buffalo News for $140 million in cash. The acquisition comprised 30 daily newspapers in 10 states plus 49 paid weekly publications with digital sites, as well as 32 other print products. Daily papers include the Omaha World-Herald, Richmond Times-Dispatch, Tulsa World, and Winston-Salem Journal. As part of the agreement, Lee leased BH Media's real estate for 10 years.

Berkshire Hathaway provided $576 million in long-term financing to Lee at 9% per annum. Lee Enterprises used the funds to pay for the Berkshire properties and to refinance its roughly $400 million in existing debt. Much of this remains from the purchase of Pulitzer Inc. for $1.5 billion in 2005. Berkshire became Lee's sole lender after the deal closed on March 16, 2020.

"We had zero interest in selling the group to anyone else for one simple reason: We believe that Lee is best positioned to manage through the industry's challenges," Buffett said in a statement.

The acquisition was completed on March 16, 2020.

Attempted takeover

In January 2020, Alden Global Capital purchased a 5.9-percent stake in Lee Enterprises.

In November 2021, Alden offered to buy the rest of Lee for roughly $141 million.

To ward this off, the board of Lee Enterprises enacted a shareholder rights plan, colloquially known as a "poison pill", that forbade Alden to buy more than 10% of the company for one year. The rationale offered by the board was, "Consistent with its fiduciary duties, Lee's Board has taken this action to ensure our shareholders receive fair treatment, full transparency and protection in connection with Alden's unsolicited proposal to acquire Lee."

In early December, the board of Lee unanimously rejected the Alden bid, saying it "grossly undervalues Lee and fails to recognize the strength of our business today." Shortly thereafter, Alden Global, through its operating unit Strategic Investment Opportunities, filed a lawsuit in state court in Delaware against Lee Enterprises. The Alden lawsuit asserts that the members of the Lee board "have every reason to maintain the status quo and their lucrative corporate positions" and that they are "focused more on [their] own power than what's best for the company."

In mid-February 2022, the Delaware court found in favor of Lee Enterprises. Alden said it would file a proxy statement asking the company's shareholders to vote no on board members Mary Junck and Herbert Moloney during the March 2022 board elections. This attempt also failed; shareholders returned both directors to the Lee board.

In November 2021, the U.S. Department of Justice alleged two Iranian nationals had accessed the company's content management system in the fall of 2020, aiming to post false news about the presidential election.

2022 layoffs

In May 2022, Lee Enterprises reportedly laid off roughly 400 staffers, roughly 10% of the workforce. The reduction was spread across about 19 of the chain's 75 newspapers and included roles in corporate headquarters.

Some of the layoffs included the editor of The Eagle in Bryan, Texas and the publisher of The Bismarck Tribune in Bismarck, North Dakota.

February 2025 cyberattack

In February 2025, a cyber attack prevented the company from laying out or publishing papers for several days. Before the week's end, editors could again publish papers and back-issues were being delivered.

After the attack, Lee Enterprises management warned employees to freeze their personal credit due to concerns that cyberattackers had accessed personal employee data. The warning was confirmed by an Independent Record sports reporter.

In June 2025, Nathan Bekke was appointed Chief Operating Officer. He started working for Lee in 1988 and had been with the company for more than three decades, holding a number of leadership positions.

2025 David Hoffman takeover

On December 30, 2025, a team of investors led by David Hoffman invested a total of $50 million in Lee Enterprises in a deal that gave Hoffman majority ownership and made him chair of the board of directors. As of April 2025, Hoffman described himself as owning 21 newspapers.

Newspapers

Lee Enterprises owns 72 daily newspapers and about 350 specialty publications in 26 states. The company's portfolio grew substantially, nearly doubling its audience size, with the acquisition of BH Media Group's publications in early 2020, including the Omaha World-Herald, Richmond (Virginia) Times-Dispatch and Tulsa World.

In January 2020, Lee Enterprises sold its newspaper and digital media operations in southern Oregon to Country Media, Inc. The sale included The World (Coos Bay), the Bandon Western World and The Umpqua Post. Lee had purchased the papers as part of its acquisition of Pulitzer, Inc. in 2005.

In March 2020, Lee sold the Santa Maria Times, The Lompoc Record, The Hanford Sentinel and the Santa Ynez Valley News, all in California, to Santa Maria News Media Inc., a newly-formed company led by a group of Canadian newspaper executives.

In January 2023, Lee Enterprises ceased publication of its Lebanon, Oregon Lebanon Express weekly newspaper and rolled coverage of the area into the Albany Democrat-Herald. In June 2023, Lee sold the Daily Journal and three other newspapers to Better Newspapers Inc. In September 2023, Lee sold the Arizona Daily Sun to Wick Communications. In October 2023, Lee sold The Southern Illinoisan to Paxton Media Group.

Other publications Lee has formerly owned include the North County Times, The Garden Island, The Provo Daily Herald, Daily Chronicle, Rhinelander Daily News, Shawano Leader, Napa Valley Register and The Ledger Independent of Maysville, KY

List of newspapers

Source:

Formerly-owned stations

In May 2000, Lee Enterprises sold most of its remaining TV stations to Emmis Communications for $562.5 million. KMAZ was the last TV station to be sold in January 2001.

Stations are arranged in alphabetical order by state and city of license.

Two boldface asterisks appearing following a station's call letters (**) indicate a station built and signed on by Lee.

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

Wikidata ↗

LEE Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$8.31
Market Cap
$51M
P/E (TTM)
-1.3
EPS (TTM)
$-6.20
Revenue (TTM)
$562M
Div Yield
ROE
141.3%
Debt/Equity
-10.5
52W Range
$3 – $12

LEE Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $562M
10-point trend, -8.5%
2016-09-25 2025-09-28
EPS $-6.20
10-point trend, -1068.8%
2016-09-25 2025-09-28
Free Cash Flow $-7M
10-point trend, -109.8%
2016-09-25 2025-09-28
Margins -6.7%

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
LEE
Peer Median
P/E (TTM)
5-point trend, -115.0%
-1.3
20.0
P/S (TTM)
4-point trend, -98.2%
0.1
0.9
P/B
4-point trend, +95.0%
-1.2
3.1
EV / EBITDA
4-point trend, +86.6%
35.0
Price / FCF
4-point trend, -117.2%
-7.3

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
LEE
Peer Median
Operating Margin
5-point trend, -111.7%
-0.83%
Net Profit Margin
5-point trend, -333.1%
-6.7%
5.3%
ROA
5-point trend, -325.1%
-6.0%
3.8%
ROE
5-point trend, +36.4%
141.3%
14.9%
ROIC
5-point trend, -111.6%
-0.95%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
LEE
Peer Median
Debt / Equity
5-point trend, -218.9%
-10.5
30.9
Current Ratio
5-point trend, +2.7%
0.8
1.1
Quick Ratio
5-point trend, -11.5%
0.6

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
LEE
Peer Median
Revenue YoY
5-point trend, -29.2%
-8.0%
Revenue CAGR 3Y
5-point trend, -29.2%
-10.4%
Revenue CAGR 5Y
5-point trend, -29.2%
-1.9%

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
LEE
Peer Median
EPS (Diluted)
5-point trend, -259.0%
$-6.20

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
LEE
Peer Median

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield
Payout Ratio
5Y Div CAGR
Ex-dateAmount
Aug. 28, 2008$1.9000
May 29, 2008$1.9000
Feb. 28, 2008$1.9000
Nov. 29, 2007$1.9000
Aug. 29, 2007$1.8000
May 30, 2007$1.8000
Feb. 27, 2007$1.8000
Nov. 29, 2006$1.8000
Aug. 30, 2006$1.8000
May 30, 2006$1.8000
Feb. 27, 2006$1.8000
Nov. 29, 2005$1.8000
Aug. 30, 2005$1.8000
May 27, 2005$1.8000
Feb. 25, 2005$1.8000
Nov. 29, 2004$1.8000
Aug. 30, 2004$1.8000
May 27, 2004$1.8000
Feb. 26, 2004$1.8000
Nov. 26, 2003$1.8000

LEE Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 5 analysts
  • Strong Buy 1 20.0%
  • Buy 3 60.0%
  • Hold 1 20.0%
  • Sell 0 0.0%
  • Strong Sell 0 0.0%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
-0.12%
Period EPS Actual EPS Est Surprise
Sept. 30, 2026 $0.21 $-0.16 0.37%
June 30, 2026 $0.21 $-0.16 0.37%
March 31, 2026 $-0.16 $-0.95 0.79%
Dec. 31, 2025 $-0.92 $-0.70 -0.22%
Sept. 30, 2025 $-1.06 $-0.06 -1.00%
June 30, 2025 $-0.31 $-0.13 -0.18%
March 31, 2025 $-1.06 $-0.06 -1.00%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
LEE $35M -0.9 -8.0% -6.7% 141.3%
NYT 33.2 9.2% 12.2% 17.3%
WLY 28.5 -10.4% 5.0% 11.7%
TDAY $758M 515.0 -8.2% 0.08% 1.1%
SCHL $725M 17.3 -2.7% 3.6% 6.7%
NWSA 24.1 6.8% 6.3% 6.6%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 13
Annual Income Statement data for LEE
Metric Trend 202520242023202220212020201920182017201620152014
Revenue 12-point trend, -14.9% $562M $611M $691M $781M $795M $618M $510M $544M $567M $614M $649M $661M
Operating Expenses 12-point trend, +2.8% $571M $611M $660M $762M $745M $571M $442M $468M $485M $519M $547M $556M
Operating Income 12-point trend, -104.1% $-5M $5M $37M $25M $57M $50M $75M $86M $89M $104M $109M $113M
Interest Expense 10-point trend, -48.0% · · $41M $42M $45M $48M $47M $53M $58M $64M $72M $80M
Other Non-op 12-point trend, -1354.9% $-38M $-36M $-40M $-24M $-25M $-47M $4M $3M $13M $-6M $6M $3M
Pretax Income 9-point trend, -206.0% $-43M $-31M $-3M $795.0K $32M $3M $24M $31M $40M · · ·
Income Tax 12-point trend, -209.7% $-7M $-8M $-349.0K $698.0K $7M $3M $8M $-16M $12M $22M $14M $6M
Net Income 12-point trend, -653.2% $-38M $-26M $-5M $-2M $23M $-2M $14M $46M $27M $35M $23M $7M
EPS (Basic) 12-point trend, -4869.2% $-6.20 $-4.35 $-0.90 $-0.35 $3.98 $-0.35 $2.57 $0.84 $0.51 $0.66 $0.44 $0.13
EPS (Diluted) 12-point trend, -4869.2% $-6.20 $-4.35 $-0.90 $-0.35 $3.90 $-0.35 $2.51 $0.82 $0.50 $0.64 $0.43 $0.13
Shares (Basic) 12-point trend, -88.4% 6,066,000 5,944,000 5,867,000 5,779,000 5,717,000 5,657,000 5,557,000 54,702,000 53,990,000 53,198,000 52,640,000 52,273,000
Shares (Diluted) 12-point trend, -88.7% 6,066,000 5,944,000 5,867,000 5,779,000 5,826,000 5,694,000 5,688,000 55,948,000 55,392,000 54,224,000 53,931,000 53,736,000
EBITDA 12-point trend, -91.1% $14M $32M $68M $61M $99M $86M $104M $120M $134M $147M $155M $160M
Balance Sheet 29
Annual Balance Sheet data for LEE
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents 12-point trend, -40.2% $10M $10M $15M $16M $26M $34M $9M $5M $11M $17M $11M $17M
Receivables 8-point trend, +24.9% $55M $61M $69M $70M $65M $53M $43M $44M · · · ·
Inventory 12-point trend, -29.4% $5M $6M $8M $8M $6M $8M $4M $6M $4M $4M $4M $7M
Prepaid Expense 5-point trend, +78.0% $20M $22M $15M $15M $11M · · · · · · ·
Other Current Assets 11-point trend, +154.9% · $22M $15M $15M $11M $15M $5M $5M $4M $5M $8M $9M
Current Assets 12-point trend, -7.0% $89M $98M $107M $109M $109M $109M $60M $59M $68M $77M $83M $96M
PP&E (Net) 12-point trend, -77.4% $36M $44M $61M $74M $83M $106M $82M $92M $114M $129M $144M $157M
PP&E (Gross) 12-point trend, -46.5% $268M $279M $312M $327M $355M $395M $405M $446M $472M $476M $493M $501M
Accum. Depreciation 12-point trend, -32.4% $232M $234M $250M $253M $272M $289M $323M $354M $358M $347M $349M $344M
Goodwill 12-point trend, +32.9% $324M $328M $330M $330M $330M $328M $250M $246M $246M $244M $244M $244M
Intangibles 12-point trend, -75.6% $52M $70M $95M $121M $157M $183M $107M $120M $136M $158M $186M $213M
Other Non-current Assets 12-point trend, -75.9% $9M $12M $13M $10M $14M $14M $1M $1M $2M $2M $34M $39M
Total Assets 12-point trend, -25.8% $602M $649M $712M $744M $844M $864M $555M $575M $621M $663M $748M $811M
Accounts Payable 12-point trend, +53.1% $42M $36M $36M $29M $20M $17M $17M $13M $17M $18M $20M $27M
Accrued Liabilities 12-point trend, +55.5% $38M $39M $29M $45M $45M $44M $18M $20M $23M $24M $27M $24M
Current Liabilities 12-point trend, -4.5% $113M $115M $114M $131M $142M $144M $61M $65M $98M $99M $105M $119M
Capital Leases 7-point trend, +18810000.00 $19M $30M $37M $46M $58M $62M $0 · · · · ·
Deferred Tax 12-point trend, +52.2% $22M $28M $41M $43M $54M $29M $30M $39M $53M $38M $22M $15M
Other Non-current Liabilities 12-point trend, +45.4% $24M $25M $25M $26M $28M $14M $13M $11M $10M $16M $10M $16M
Total Liabilities 12-point trend, -35.0% $643M $657M $688M $727M $800M $907M $592M $612M $712M $790M $906M $989M
Long-term Debt 11-point trend, -42.3% · $446M $456M $463M $483M $525M $429M $461M $496M $566M $701M $773M
Total Debt 12-point trend, -43.4% $455M $446M $456M $463M $483M $538M $432M $468M $527M $617M $726M $805M
Common Stock 5-point trend, +6.5% · · · · · · · $572.0K $567.0K $558.0K $547.0K $537.0K
Paid-in Capital 12-point trend, +7.5% $264M $262M $261M $260M $258M $257M $255M $254M $252M $250M $247M $245M
Retained Earnings 12-point trend, +20.4% $-330M $-292M $-266M $-261M $-259M $-282M $-265M $-280M $-329M $-356M $-391M $-414M
AOCI 12-point trend, +331.4% $23M $20M $27M $17M $42M $-20M $-29M $-12M $-16M $-23M $-16M $-10M
Stockholders' Equity 12-point trend, +75.7% $-43M $-10M $21M $15M $41M $-45M $-38M $-37M $-92M $-128M $-128M $-178M
Liabilities + Equity 12-point trend, -25.8% $602M $649M $712M $744M $844M $864M $555M $575M $621M $663M $748M $811M
Shares Outstanding 9-point trend, -88.5% 6,190,000 6,190,000 6,064,000 5,979,000 · · · 57,141,000 56,712,000 55,771,000 55,771,000 53,747,000
Cash Flow 16
Annual Cash Flow data for LEE
Metric Trend 202520242023202220212020201920182017201620152014
D&A 12-point trend, -61.2% $19M $28M $31M $37M $43M $36M $29M $32M $41M $43M $46M $49M
Stock-based Comp 9-point trend, -15.9% $2M $2M $2M $1M $854.0K $1M $2M $2M $2M · · ·
Deferred Tax 12-point trend, -207.6% $-7M $-11M $-5M $-4M $6M $-5M $-2M $-17M $10M $21M $13M $6M
Amort. of Intangibles 10-point trend, -59.4% $11M $17M $19M $22M $25M $21M · · $25M $26M $27M $28M
Restructuring 12-point trend, +1943.5% $26M $19M $13M $23M $7M $14M $12M $6M $8M $2M $3M $1M
Other Non-cash 12-point trend, -15.3% $18M $8M $-25M $-28M $-22M $19M $14M $-859.0K $-7M $-20M $-7M $22M
Operating Cash Flow 12-point trend, -106.8% $-6M $1M $-3M $3M $50M $50M $58M $59M $72M $79M $74M $82M
CapEx 12-point trend, -88.7% $2M $9M $5M $8M $7M $8M $6M $6M $4M $7M $10M $14M
Investing Cash Flow 9-point trend, +181.5% $8M $4M $9M $7M $-2M $-118M $-11M $-72.0K $-9M · · ·
Debt Issued 9-point trend, -100.0% · · · $0 $0 $576M $600.0K $10M $5M $5M $5M $805M
Net Debt Issued 9-point trend, +100.0% · · · $0 $0 $132M $-41M $-64M $-69M $-107M $-79M $-43M
Financing Cash Flow 9-point trend, +97.4% $-2M $-10M $-7M $-20M $-55M $93M $-43M $-64M $-69M · · ·
Net Change in Cash 12-point trend, +145.6% $391.0K $-5M $-2M $-10M $-8M $25M $3M $-5M $-6M $6M $-6M $-858.0K
Taxes Paid 12-point trend, +148.4% $3M $7M $4M $5M $8M $446.0K $8M $464.0K $1M $269.0K $485.0K $-6M
Free Cash Flow 12-point trend, -110.4% $-7M $-8M $-8M $-4M $43M $42M $52M $53M $68M $72M $65M $68M
Levered FCF 5-point trend, -321.1% · · $-44M $-9M $8M $63M $20M · · · · ·
Profitability 7
Annual Profitability data for LEE
Metric Trend 202520242023202220212020201920182017201620152014
Operating Margin 12-point trend, -104.8% -0.83% 0.74% 5.4% 3.2% 7.1% 8.1% 14.7% 16.3% 16.3% 16.9% 16.9% 17.2%
Net Margin 12-point trend, -749.5% -6.7% -4.2% -0.76% -0.26% 2.9% -0.50% 2.8% 8.4% 4.9% 5.7% 3.6% 1.0%
Pretax Margin 7-point trend, -262.0% -7.6% -5.1% -0.45% 0.10% 4.0% 0.46% 4.7% · · · · ·
EBITDA Margin 12-point trend, -89.7% 2.5% 5.3% 9.8% 7.9% 12.5% 14.0% 20.4% 22.1% 23.6% 24.0% 23.9% 24.4%
ROA 12-point trend, -815.5% -6.0% -3.8% -0.72% -0.25% 2.7% -0.44% 2.5% 7.6% 4.3% 4.9% 3.0% 0.84%
ROE 12-point trend, +3572.7% 141.3% 2606.7% -31.5% -7.5% 103.6% 8.9% -46.4% -105.6% -24.9% -27.2% -13.8% -4.1%
ROIC 7-point trend, -107.5% -0.95% 0.79% 6.9% 0.63% 8.2% -4.4% 12.7% · · · · ·
Liquidity & Solvency 5
Annual Liquidity & Solvency data for LEE
Metric Trend 202520242023202220212020201920182017201620152014
Current Ratio 12-point trend, -2.6% 0.8 0.8 0.9 0.8 0.8 0.8 1.0 0.9 0.7 0.8 0.9 0.8
Quick Ratio 12-point trend, +305.0% 0.6 0.6 0.7 0.7 0.6 0.6 0.8 0.1 0.1 0.2 0.1 0.1
Debt / Equity 12-point trend, -132.0% -10.5 -45.1 21.5 30.8 8.8 -17.1 -11.2 -12.5 -5.7 -4.8 -4.6 -4.5
LT Debt / Equity 12-point trend, -141.5% -10.5 -45.1 21.5 30.8 8.7 -16.6 -11.2 -12.3 -5.4 -4.6 -4.4 -4.4
Interest Coverage 10-point trend, -36.9% · · 0.9 0.6 1.3 1.1 1.6 1.7 1.6 1.6 1.5 1.4
Efficiency 2
Annual Efficiency data for LEE
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 12-point trend, +10.1% 0.9 0.9 0.9 1.0 0.9 0.9 0.9 0.9 0.9 0.9 0.8 0.8
Receivables Turnover 7-point trend, -17.5% 9.8 9.4 10.0 11.6 13.5 13.0 11.8 · · · · ·
Per Share 5
Annual Per Share data for LEE
Metric Trend 202520242023202220212020201920182017201620152014
Book Value / Share 6-point trend, -111.8% $-7.00 · · · · · · $-0.65 $-1.63 $-2.30 $-2.92 $-3.30
Revenue / Share 12-point trend, +658.6% $92.70 $102.86 $117.80 $135.16 $136.40 $10.85 $8.96 $9.72 $10.24 $11.33 $12.03 $12.22
Cash Flow / Share 12-point trend, -159.8% $-0.91 $0.19 $-0.43 $0.59 $8.60 $0.88 $1.01 $1.06 $1.30 $1.46 $1.38 $1.53
Cash / Share 6-point trend, +419.2% $1.61 · · · · · · $0.09 $0.19 $0.30 $0.20 $0.31
EPS (TTM) 12-point trend, -4869.2% $-6.20 $-4.35 $-0.90 $-0.35 $3.90 $-0.35 $2.51 $0.82 $0.50 $0.64 $0.43 $0.13
Growth Rates 3
Annual Growth Rates data for LEE
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY 5-point trend, -128.1% -8.0% -11.5% -11.5% -1.7% 28.6% · · · · · · ·
Revenue CAGR 3Y 3-point trend, -372.9% -10.4% -8.4% 3.8% · · · · · · · · ·
Revenue CAGR 5Y -1.9% · · · · · · · · · · ·
Valuation (TTM) 13
Annual Valuation (TTM) data for LEE
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM 12-point trend, -14.9% $562M $611M $691M $781M $795M $618M $510M $544M $567M $614M $649M $661M
Net Income TTM 12-point trend, -653.2% $-38M $-26M $-5M $-2M $23M $-2M $14M $46M $27M $35M $23M $7M
Market Cap 6-point trend, -98.1% $35M · · · · · · $1.51B $1.19B $2.07B $968M $1.80B
Enterprise Value 6-point trend, -81.4% $481M · · · · · · $1.98B $1.71B $2.67B $1.68B $2.59B
P/E 12-point trend, -100.4% -0.9 -2.0 -12.2 -48.6 6.1 -23.4 8.0 32.3 42.0 58.1 41.2 257.7
P/S 6-point trend, -97.7% 0.1 · · · · · · 2.8 2.1 3.4 1.5 2.7
P/B 6-point trend, +92.0% -0.8 · · · · · · -40.5 -12.9 -16.1 -6.1 -10.1
P / Cash Flow 6-point trend, -128.8% -6.3 · · · · · · 25.5 16.5 26.2 13.0 21.9
P / FCF 6-point trend, -118.8% -4.9 · · · · · · 28.4 17.5 28.8 14.9 26.3
EV / EBITDA 6-point trend, +109.8% 33.9 · · · · · · 16.4 12.8 18.1 10.9 16.1
EV / FCF 6-point trend, -279.3% -67.8 · · · · · · 37.1 25.0 37.1 26.0 37.8
EV / Revenue 6-point trend, -78.2% 0.9 · · · · · · 3.6 3.0 4.4 2.6 3.9
Earnings Yield 12-point trend, -28187.2% -109.5% -49.5% -8.2% -2.1% 16.4% -4.3% 12.5% 3.1% 2.4% 1.7% 2.4% 0.39%

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2025-09-282024-09-292023-09-242022-09-252021-09-26
Revenue $562M$611M$691M$781M$795M
Operating Margin % -0.83%0.74%5.4%3.2%7.1%
Net Income $-38M$-26M$-5M$-2M$23M
Diluted EPS $-6.20$-4.35$-0.90$-0.35$3.90
Balance Sheet
2025-09-282024-09-292023-09-242022-09-252021-09-26
Debt / Equity -10.5-45.121.530.88.8
Current Ratio 0.80.80.90.80.8
Quick Ratio 0.60.60.70.70.6
Cash Flow
2025-09-282024-09-292023-09-242022-09-252021-09-26
Free Cash Flow $-7M$-8M$-8M$-4M$43M

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Institutional owners (13F) 53 filers · $36.3M total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
18 (+5 vs prior Q) 5 (0 vs prior Q) 9 (+2 vs prior Q) 9 (+4 vs prior Q) +145K

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
Solas Capital Management, LLC $13,732,504 1,549,944 37.84% Shares
GAMCO INVESTORS, INC. ET AL $5,243,177 585,176 14.45% Shares
CANNELL CAPITAL LLC $3,085,367 344,349 8.50% Shares
Private Advisor Group, LLC $3,028,480 338,000 8.34% Shares
VANGUARD CAPITAL MANAGEMENT LLC $2,482,879 277,107 6.84% Shares
TRUIST FINANCIAL CORP $1,970,895 219,966 5.43% Shares
GABELLI FUNDS LLC $1,964,023 219,199 5.41% Shares
GEODE CAPITAL MANAGEMENT, LLC $1,434,859 160,077 3.95% Shares
STATE STREET CORP $488,768 54,550 1.35% Shares
VANGUARD FIDUCIARY TRUST CO $453,546 50,619 1.25% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $395,924 44,188 1.09% Shares
Centiva Capital, LP $302,669 33,780 0.83% Shares
THOMPSON DAVIS & CO., INC. $208,096 23,225 0.57% Shares
Redhawk Wealth Advisors, Inc. $200,928 22,425 0.55% Shares
Teton Advisors, LLC $152,320 17,000 0.42% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $144,910 16,173 0.40% Shares
VANGUARD GROUP INC $120,296 25,114 0.33% Shares
NewEdge Advisors, LLC $112,859 12,596 0.31% Shares
XTX Topco Ltd $105,800 11,808 0.29% Shares
NEW YORK STATE COMMON RETIREMENT FUND $103,936 11,600 0.29% Shares
Teton Advisors, Inc. $102,400 16,000 0.28% Shares
Murphy Pohlad Asset Management LLC $92,288 10,300 0.25% Shares
WELLS FARGO & COMPANY/MN $50,382 5,623 0.14% Shares
Central Pacific Bank - Trust Division $44,800 5,000 0.12% Shares
RHUMBLINE ADVISERS $44,258 4,940 0.12% Shares
FMR LLC $31,889 3,559 0.09% Shares
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. $27,256 3,042 0.08% Shares
JPMORGAN CHASE & CO $25,819 2,738 0.07% Shares
CITIGROUP INC $24,201 2,701 0.07% Shares
BNP PARIBAS FINANCIAL MARKETS $17,902 1,998 0.05% Shares
MORGAN STANLEY $15,626 1,744 0.04% Shares
Vanguard Global Advisers, LLC $14,488 1,617 0.04% Shares
CITADEL ADVISORS LLC $13,798 1,540 0.04% Shares
BARCLAYS PLC $10,394 1,160 0.03% Shares
NORTHERN TRUST CORP $9,094 1,015 0.03% Shares
Legal & General Group Plc $5,878 656 0.02% Shares
Ameritas Investment Partners, Inc. $5,367 599 0.01% Shares
Farther Finance Advisors, LLC $5,107 570 0.01% Shares
WESTPORT ASSET MANAGEMENT INC $4,838 540 0.01% Shares
Russell Investments Group, Ltd. $4,730 528 0.01% Shares
Tower Research Capital LLC (TRC) $3,378 377 0.01% Shares
BlackRock, Inc. $2,061 230 0.01% Shares
ROYAL BANK OF CANADA $2,000 277 0.01% Shares
DEUTSCHE BANK AG\ $1,407 157 0.00% Shares
Sterling Capital Management LLC $1,004 112 0.00% Shares
Global Retirement Partners, LLC $896 100 0.00% Shares
JONES FINANCIAL COMPANIES LLLP $252 28 0.00% Shares
Quarry LP $179 20 0.00% Shares
HARBOUR INVESTMENTS, INC. $179 20 0.00% Shares
UBS Group AG $179 20 0.00% Shares
Lindbrook Capital, LLC $156 15 0.00% Shares
Caitong International Asset Management Co., Ltd $27 3 0.00% Shares
North Star Investment Management Corp. $9 1 0.00% Shares

Company insiders 48 insiders · 18 officers · 21 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Kevin Mowbray President & CEO March 11, 2025 A 118,970 0 0 $0
Timothy R. Millage V.P., CFO and Treasurer March 11, 2025 A 30,186 0 0 $0
Ronald A. Mayo Vice Pres., CFO and Treasurer May 1, 2018 F 183,760 0 0 $0
Carl G Schmidt Officer, Vice Pres.,CFO&Treas. April 30, 2012 A 163,163 0 0 $0
Jolene N. Sherman VP - Bus Development & Market March 11, 2025 A 12,586 0 0 $0
Astrid J Garcia V.P. - Human Resources March 11, 2025 A 20,534 0 0 $0
Joseph J Battistoni V.P. - Sales and Marketing March 11, 2025 A 17,358 0 0 $0
Les Ottolenghi Chief Transformation Officer March 11, 2025 A 35,000 0 0 $0
Farrell Paul M. Vice President - Digital Sales Dec. 12, 2017 F 86,932 0 0 $0
Michael Gulledge Vice President Publishing Feb. 7, 2017 M 45,065 0 0 $0
James A. Green Vice President - Digital March 1, 2014 A 87,326 0 0 $0
Vytenis P Kuraitis Vice President-Human Resources April 30, 2012 A 33,778 0 0 $0
VEON GREG Vice President - Publishing April 30, 2012 A 113,666 0 0 $0
WATERMAN C D III Secretary March 2, 2011 C 1,362 0 0 $0
VANSTRYDONCK JOHN Vice President - Publishing Oct. 31, 2007 F 4,987 0 0 $0
Linda Ritchie Lindus Vice President - Publishing Nov. 14, 2006 A 8,596 0 0 $0
James W Hopson Vice President - Publishing Nov. 18, 2005 A 15,234 0 0 $0
Terrance C Z Egger Vice President - Publishing Nov. 18, 2005 A 5,510 0 0 $0
David Henry Hoffmann Director June 11, 2026 P 11,522,808 42 0 $5,655,310
Herbert W Moloney III Director June 11, 2026 S 23,037 0 1 $-235,680
JUNCK MARY E Director June 9, 2026 G 163,548 0 0 $0
Madeline E. Mcintosh Director June 1, 2026 A 19,846 0 0 $0
Steven C. Fletcher Director June 1, 2026 A 33,404 0 0 $0
Shaun Mcalmont Director June 1, 2026 A 30,183 0 0 $0
Ronald J Kruszewski Director June 1, 2026 A 6,112 0 0 $0
Brent Magid Director March 6, 2026 S 8,760 0 1 $-243,380
Margaret R. Liberman Director June 2, 2025 A 26,726 0 0 $0
Jon Miller Director June 2, 2025 A 12,283 0 0 $0
David T. Pearson Director June 3, 2024 A 19,087 0 0 $0
SCHERMER GREGORY P Director June 1, 2023 A 137,543 0 0 $0
Richard R Cole Director June 1, 2018 A 96,000 0 0 $0
Nancy S Donovan Director June 1, 2018 A 127,603 0 0 $0
Leonard J Elmore Director June 1, 2018 A 95,693 0 0 $0
William E Mayer Director June 1, 2018 A 211,979 0 0 $0
VITTERT MARK Director June 1, 2015 A 76,000 0 0 $0
NEWMAN ANDREW E Director June 1, 2015 A 76,000 0 0 $0
PRICHETT GORDON D /FA/ Director June 1, 2012 A 51,600 0 0 $0
CRAIN RANCE E Director Oct. 25, 2004 A 15,264 0 0 $0
Quint Digital Ltd 10% owner Feb. 5, 2026 P 3,214,346 1 0 $7,966,874
CANNELL CAPITAL LLC 10% owner May 14, 2021 S 587,681 0 0 $0
SCHERMER INVESTMENT PARTNERSHIP LP 10% owner March 2, 2011 C 1,163,966 0 0 $0
SCHERMER MANAGEMENT CORP 10% owner March 2, 2011 C 1,163,966 0 0 $0
Grant E Schermer 10% owner March 2, 2011 C 55,010 0 0 $0
Betty A Schermer 10% owner March 2, 2011 C 110,020 0 0 $0
SCHERMER LLOYD G 10% owner March 2, 2011 C 49,316 0 0 $0
Joshua Paul Rinehults Aug. 6, 2026 A 83,552 0 0 $0
Nathan E. Bekke Aug. 6, 2026 A 194,165 0 0 $0
Michael E Phelps Sept. 30, 2005 S 7,442 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

Activists & 5%+ owners 13 positions

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
Jerrilyn M. Hoffmann Revocable Trust dated May 30, 2001 (the "Trust"), Jerrilyn M. Hoffmann, David Hoffmann ×7 filings March 17, 2026 53.47% Amendment SEC
GAMCO INVESTORS, INC. ET AL, GABELLI FUNDS LLC, GAMCO Asset Management Inc., GABELLI FOUNDATION, INC., Teton Advisors, LLC, GGCP, INC., Associated Capital Group, Inc., GABELLI MARIO J ×7 filings Feb. 10, 2026 2.60% Amendment SEC
Praetorian PR LLC, Praetorian Capital Fund LLC, Praetorian Capital Management LLC, Mongolia (Barbados) Corp., Mongolia Growth Group Ltd., Kupperman Harris March 5, 2025 4.70% Amendment SEC
Jerrilyn M. Hoffmann Revocable Trust dated May 30, 2001 (2), Jerrilyn M. Hoffmann (2) ×4 filings Nov. 14, 2024 Initial filing SEC
Praetorian Capital Fund LLC, PRAETORIAN PR LLC, HARRIS KUPPERMAN, MONGOLIA (BARBADOS) CORP ×4 filings Nov. 7, 2024 Initial filing SEC
Gabelli Funds, LLC I.D. No ., GAMCO Asset Management Inc. I.D. No ., Teton Advisors, LLC I.D. No ., GGCP, Inc. I.D. No ., GAMCO Investors, Inc. I.D. No ., Associated Capital Group, Inc. I.D. No., Mario J. Gabelli ×4 filings Aug. 27, 2024 Initial filing SEC
Mason P. Slaine Revocable Trust, Mason P. Slaine ×2 filings Feb. 2, 2023 Initial filing SEC
Cannell Capital LLC, J. Carlo Cannell ×17 filings Dec. 8, 2022 Initial filing Passive investment SEC
MNG Enterprises, Inc., MNG Investment Holdings, LLC, Strategic Investment Opportunities LLC, Alden Global Capital LLC, Heath Freeman ×8 filings April 26, 2022 Initial filing Passive investment SEC
Brent D. Baird, Ann N. Bonte ×3 filings May 13, 2021 Initial filing SEC
Lonestar Partners, L.P., Cottonwood Capital GP LLC, Lonestar Capital Management LLC, Jerome L. Simon, Yedi Wong ×4 filings May 23, 2014 Initial filing SEC
Lloyd G. Schermer, Betty A. Schermer, Gregory P. Schermer, Grant E. Schermer, Schermer Management Corporation, Schermer Investment Partnership, L.P. ×5 filings Jan. 28, 2013 Initial filing SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person Feb. 28, 2003 Initial filing SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

ETF ownership Held by 9 ETFs

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
VXF · VANGUARD INDEX FUNDS July 15, 2026 Daily
VTI · VANGUARD INDEX FUNDS July 15, 2026 Daily
VTWO · VANGUARD SCOTTSDALE FUNDS July 15, 2026 Daily
VTWV · VANGUARD SCOTTSDALE FUNDS July 15, 2026 Daily
VTWG · VANGUARD SCOTTSDALE FUNDS July 15, 2026 Daily
IWN · iShares Trust Aug. 17, 2026 Daily
IWO · iShares Trust Aug. 18, 2026 Daily
IWM · iShares Trust Aug. 18, 2026 Daily
IWC · iShares Trust Aug. 18, 2026 Daily