secwatch.observer — SEC 8-K summary
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Issuer:     LEE ENTERPRISES, Inc (LEE)
CIK:        0000058361
Form:       8-K
Filed at:   2022-05-05T23:59:59+00:00
Accession:  0001437749-22-011101
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lee Enterprises Q2 digital revenue up 33% to $58M, digital-only subscribers up 59% to 492K
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- Total digital revenue $58.1M (+33% YoY); digital-only subscribers 492K (+59% YoY).
- Digital advertising revenue $43.4M (+36% YoY); Amplified Digital revenue $18.6M (+108%).
- Total operating revenue $190M; net loss $6.7M; Adjusted EBITDA $16.9M.
- Cost reduction actions early Q3 provide $45M annualized benefit; FY2022 EBITDA guidance $95-98M.
- Print revenue fell 11.3% to $131.9M; debt $462.6M principal at fixed 9% rate.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/58361/000143774922011101/0001437749-22-011101-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/58361/000143774922011101/lee20220327_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-011101

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer