About the Company
Lee Enterprises, Inc. is a publicly traded American media company. It publishes 77 daily newspapers in 26 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 25 million unique web and mobile visitors monthly, with 209.1 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.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 transition from Executive Chairman to Chairman of the company.In January 2020, Lee Enterprises announced an agreement with Berkshire Hathaway to acquire BH Media Group's publications and The Buffalo News for $140 million in cash.In November 2021, global hedge fund Alden Global Capital made an offer to acquire Lee Enterprises for $24 per share, or about $141 million. In response, the board of Lee Enterprises enacted a shareholder rights plan, colloquially known as a "poison pill", in order to ward off the purchase attempt. Then, in early December, the board of Lee unanimously rejected the Alden bid, saying that the Alden proposal "grossly undervalues Lee and fails to recognize the strength of our business today."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.
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Latest $LEE News
New job postings for St. Louis job seekers
Browse through the latest St. Louis employment postings and find your next career. Lee Enterprises is hiring an ambitious, ...
Lee Enterprises Adopts Limited-Duration Shareholder Rights Plan
DAVENPORT, Iowa, March 29, 2024 (GLOBE NEWSWIRE) -- Lee Enterprises, Incorporated (NASDAQ: LEE) (“Lee” or the “Company&CloseCurlyDoubleQuote ...
Lee Enterprises Adopts Shareholder Rights Plan as Quint Digital Builds Stake
Lee Enterprises adopted a limited duration shareholder rights plan. The subscription and advertising platform's board adopted the plan in response to a significant accumulation of shares of its ...
Lee Enterprises adopts rights plan after India-based Quint Digital accumulates stock
Lee Enterprises (NASDAQ:LEE) on Friday said it adopted a limited-duration shareholder rights plan, also known as a "poison pill", in response to the accumulation of its stock by India-based entity ...
Insiders Buying Lee Enterprises And 2 Other Stocks
Although U.S. stocks closed higher on Wednesday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company's prospects or that they view ...
Quint Digital Ltd buys Lee Enterprises shares worth over $310k
Quint Digital Ltd, a ten percent owner of Lee Enterprises, Inc (NYSE:LEE), has recently made a significant investment in the company by purchasing shares with a total value exceeding $310,000.
Olympic gymnast Suni Lee back in form after kidney ailment
Olympic gymnastic Suni Lee, who is expected to make the U.S. team for the Paris Games, said she's back to form after gaining ...
Lee Enterprises Inc
We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions ...
Lee Enterprises Adopts Limited-Duration Shareholder Rights Plan
DAVENPORT, Iowa, March 29, 2024 (GLOBE NEWSWIRE) -- Lee Enterprises, Incorporated (NASDAQ: LEE) (“Lee” or the “Company”), today announced that its Board of ...
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