{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-22-031655","form_type":"8-K","ticker":"LEE","cik":"0000058361","company_name":"LEE ENTERPRISES, Inc","filed_at":"2022-12-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:53.247900+00:00","generated_at":"2026-06-21T07:03:41.306301+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Lee Enterprises reports FY22 results; digital revenue up 27%, subscribers up 32%; 10-K filing delayed","bullets":["FY22 total operating revenue $781M (-2% YoY); net income $1M; Adjusted EBITDA $96M (in line with guidance $95-98M).","Q4 operating revenue $194M (flat YoY); net loss $6M; Adjusted EBITDA $30M (+17% YoY).","Digital-only subscribers 532,000 (+32% YoY), exceeding updated guidance of 515,000. Total Digital Revenue $240M (+27%).","Amplified Digital revenue $76M FY22 (+83% YoY); digital advertising/marketing services 50% of total ad revenue.","Company expects 10-K filing delay due to internal control assessment; expects to file within 15-day extension. Management expects no material impact on preliminary results."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-22-031655","json":"https://secwatch.observer/filing/0001628280-22-031655.json","markdown":"https://secwatch.observer/filing/0001628280-22-031655.md","text":"https://secwatch.observer/filing/0001628280-22-031655.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/58361/000162828022031655/0001628280-22-031655-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/58361/000162828022031655/lee-20221208.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T07:03:41.306301+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7cac0423b26ca36b6326396232f255489dc5b06f","claim":"LEE ENTERPRISES, Inc reported the fiscal year ended September 25, 2022 results: revenue $781 million, net income $1 million. Guidance initiated.","evidence_excerpt":"• Total operating revenue was $781 million, down 2% versus the prior year. • Total Digital Revenue was $240 million, a 27% increase over the prior year, and represented 31% of our total operating revenue. • Digital-only subscription revenue increased 42% in 2022 compared to 2021. • Digital advertising and marketing services revenue represented 50% of our total advertising revenue and totaled $181 million, a 28% increase over the prior year. Digital marketing services revenue at Amplified Digital ® fueled the growth, with revenue of $76 million, an 83% increase over the prior year. • Digital services revenue, which is predominantly TownNews, totaled $18 million in the year. On a standalone basis, revenue at TownNews totaled $31 million, a 14% increase over the prior year. • Operating expenses totaled $762 million and Cash Costs (1) were up 1%. Rapidly rising prices, incremental investments in digital talent and technology tied to our digital growth strategy, and an increase in cost of g","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/58361/000162828022031655/0001628280-22-031655-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal year ended September 25, 2022"},{"label":"Revenue","value":"$781 million"},{"label":"Net income","value":"$1 million"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"preliminary results"}],"fact_type":"earnings_release"},{"claim_id":"de5b020b6c1a8dac6397b07757f82ac8ddefe7d2","claim":"LEE ENTERPRISES, Inc reported the fourth quarter ended September 25, 2022 results: revenue $194 million, net income $6 million. Guidance initiated.","evidence_excerpt":"• Total operating revenue was $194 million, flat versus the prior year. • Total Digital Revenue (3) was $65 million, a 31% increase over the prior year, and represented one-third of our total operating revenue. • Digital-only subscription revenue increased 46% in the fourth quarter compared to the same quarter last year and totaled $40 million in the fiscal year. Digital-only subscribers increased 32% and now total 532,000, exceeding our updated guidance of 515,000. • Digital advertising and marketing services revenue represented 55% of our total advertising revenue and totaled $49 million, a 33% increase over the prior year. Digital marketing services revenue at Amplified Digital ® fueled the growth, with quarterly revenue of $22 million, an 82% increase compared to the prior year. • The Company recognized $20 million in non-cash impairments of intangible assets and leases. • Net loss totaled $6 million and Adjusted EBITDA totaled $30 million.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/58361/000162828022031655/0001628280-22-031655-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter ended September 25, 2022"},{"label":"Revenue","value":"$194 million"},{"label":"Net income","value":"$6 million"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"preliminary results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}