Lee Enterprises stabilizes finances with $50M investment led by billionaire David Hoffmann [Yahoo! Finance]
Lee Enterprises, Incorporated (LEE)
Last lee enterprises, incorporated earnings: 5/4 06:30 am
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Source: Yahoo! Finance
chain this year, to help stabilize the company's finances with a $50 million investment and set Lee up for the future. Hoffmann, whose family investment firm already owns more than 40 other publications, will become Lee's chairman as he continues to pursue his goal of becoming the country's largest newspaper publisher. He has said in recent interviews that he believes newspapers can continue to play an important role in covering local communities and build a successful digital subscription business. Lee said that when Hoffmann takes over, CEO Kevin Mowbray will retire after 39 years with the Davenport, Iowa-based company, which owns the St. Louis Post-Dispatch, Buffalo News, Omaha World-Herald and dozens of other publications in 25 states. “With improved financial stability and a clear governance framework in place, the focus can now be on disciplined execution and long-term value creation,” said Hoffmann, who declined to comment beyond the statement on the deal. He built his
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LEE
News
- Lee Enterprises stabilizes finances with $50M investment led by billionaire David Hoffmann [Yahoo! Finance Canada]Yahoo! Finance Canada
- Florida Billionaire David Hoffmann Buys $50 Million Controlling Stake in Local Newspaper Giant Lee Enterprises [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