---
schema_version: "secwatch.filing_event.v1"
accession: "0000058361-26-000012"
form_type: "8-K"
ticker: "LEE"
cik: "0000058361"
company_name: "LEE ENTERPRISES, Inc"
filed_at: "2026-02-10T23:59:59+00:00"
generated_at: "2026-05-16T03:43:21.714581+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Lee Q1 Adj EBITDA up 61% YoY, closes $50M equity placement, debt rate cut to 5%

## Summary
- Q1 total operating revenue $130M; Adjusted EBITDA $12M vs $7M prior year, including $2M cyber insurance reimbursement.
- $50M common stock private placement closed; interest rate on $455M debt reduced to 5% from 9% for 5 years, saving ~$18M annually.
- Digital revenue $70M (54% of total); digital-only subs 609K; digital-only sub revenue $23M (+5% YoY).
- Net loss $5M; cash $13M; debt $455M; FY26 guidance: mid-single-digit Adj EBITDA growth.
- Strategic termination of fully funded pension plan to eliminate balance sheet volatility.

## SEC filing metadata
- accession: 0000058361-26-000012
- form_type: 8-K
- ticker: LEE
- cik: 0000058361
- company_name: LEE ENTERPRISES, Inc
- filed_at: 2026-02-10T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/58361/000005836126000012/0000058361-26-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/58361/000005836126000012/lee-20260210.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000058361-26-000012
- JSON: https://secwatch.observer/filing/0000058361-26-000012.json
- Plain text: https://secwatch.observer/filing/0000058361-26-000012.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.