Lee Enterprises Inc
lee.netLee Enterprises (NASDAQ: LEE) is a local media company that publishes daily and weekly newspapers alongside digital news platforms across the United States. Revenue comes from two main streams: advertising and marketing services, which generated $252.9M in FY2025 (fiscal year ended September 28, 2025), and subscriptions, which generated $258.4M in FY2025. Digital subscription revenue grew 11.8% year-over-year to $94.2M in FY2025, while print subscription revenue declined 16.9% to $164.2M over the same period. Total operating revenue was $562.3M in FY2025, down 8.0% from $611.4M in FY2024. The company operates 14 print sites and competes against digital platforms, broadcast media, and other local news publishers. Lee is debt-heavy, with a term loan facility whose covenants restrict dividends, share repurchases, and acquisitions. President and CEO Kevin D. Mowbray leads the company, which is headquartered in Davenport, Iowa. A cyber incident on February 3, 2025 materially disrupted IT systems and had a significant negative impact on FY2025 operating results.
Products & Services
Daily and weekly newspapers (print), digital news platforms, web-based publications, local mastheads including publishing periodical titles and web domain names, digital advertising and marketing services, digital subscriptions.
Revenue Model
Advertising and marketing services (print and digital): $253.0M in FY2025. Subscription revenue (print and digital): $258.4M in FY2025. Other revenue (print and digital): $50.9M in FY2025. Revenue is transactional and subscription-based, split across print and digital channels.
Customers & Markets
Local and regional audiences purchasing news subscriptions. Local and national advertisers purchasing print and digital advertising. End markets include local retail advertising, classified advertising, and digital marketing services.
Geographic Exposure
United States. Executive offices located in Davenport, Iowa.
Financial Snapshot
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