Florida Billionaire David Hoffmann Buys $50 Million Controlling Stake in Local Newspaper Giant Lee Enterprises [Yahoo! Finance]
Lee Enterprises, Incorporated (LEE)
Last lee enterprises, incorporated earnings: 5/4 06:30 am
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Source: Yahoo! Finance
As a result of the deal, current Lee CEO Kevin Mowbray has announced his retirement and stepped down from his position. COO Nathan Bekke will serve as the company's Interim CEO for the time being, while Lee's Board of Investors searches for a new candidate to permanently fill the role. Mowbray's exit brings an end to his 39-year tenure with the local media giant. “This transaction strengthens the Company's balance sheet and reflects the Board's determination to take decisive action,” said Hoffmann in a statement made concurrent with the deal Tuesday. “With improved financial stability and a clear governance framework in place, the focus can now be on disciplined execution and long-term value creation.” “This transaction reflects the Board's determination to act decisively,” added Mary Junck, Lee Enterprises' current Chair of the Board. “By strengthening the balance sheet and improving the Company's capital structure, we are putting the Company in a better position to execute and
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LEE
News
- Lee Enterprises stabilizes finances with $50M investment led by billionaire David Hoffmann [Yahoo! Finance Canada]Yahoo! Finance Canada
- Lee Enterprises stabilizes finances with $50M investment led by billionaire David Hoffmann [Yahoo! Finance]Yahoo! Finance
- Lee Enterprises Announces Strategic Investment and Board-Led TransitionGlobeNewswire
- Lee Enterprises Announces New Date for Special Meeting of Stockholders [Yahoo! Finance]Yahoo! Finance
- Lee Enterprises Announces New Date for Special Meeting of StockholdersGlobeNewswire
LEE
Earnings
- 8/7/25 - Miss
LEE
Sec Filings
- 1/9/26 - Form PRE
- 1/2/26 - Form SCHEDULE
- 12/30/25 - Form DEFA14A
- LEE's page on the SEC website