secwatch.observer — SEC 8-K summary
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Issuer:     LEE ENTERPRISES, Inc (LEE)
CIK:        0000058361
Form:       8-K
Filed at:   2022-08-04T23:59:59+00:00
Accession:  0001437749-22-018849
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lee Enterprises Q3 digital subs hit 501K (+49% YoY), digital ad revenue now 51% of total
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- Total operating revenue $195M; net income $0.2M; Adjusted EBITDA $23M.
- Digital-only subscribers 501,000 (+49% YoY), exceeding full-year target early.
- Digital advertising & marketing services revenue 51% of total ad revenue; Amplified Digital up 74% to $21M.
- Full-year Adjusted EBITDA guidance reaffirmed at $95-$98M; Q4 EBITDA expected $29-$32M.
- Debt principal $462.6M, net of cash $446.9M; fixed 9% rate, no financial covenants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/58361/000143774922018849/0001437749-22-018849-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/58361/000143774922018849/lee20220609_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-018849

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