---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-015651"
form_type: "8-K"
ticker: "LEE"
cik: "0000058361"
company_name: "LEE ENTERPRISES, Inc"
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T23:20:40.493454+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Lee Enterprises reports strong digital growth; Q2 net loss $5M, Adj EBITDA $14M

## Summary
- Total Digital Revenue $65M (+12% YoY); digital-only subscribers 596,000 (+21% YoY).
- Digital-only subscription revenue +39% YoY; Amplified Digital revenue $22M (+20% YoY).
- Total operating revenue $171M; operating expenses $169M, Cash Costs down 10% YoY.
- Reaffirms FY2023 guidance: digital revenue $270-285M, subscribers 632k, Adj EBITDA $94-100M.
- Debt $460M (fixed 9% rate, 25-yr maturity, no covenants); cash $19M; net debt $441M.

## SEC filing metadata
- accession: 0001628280-23-015651
- form_type: 8-K
- ticker: LEE
- cik: 0000058361
- company_name: LEE ENTERPRISES, Inc
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/58361/000162828023015651/0001628280-23-015651-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/58361/000162828023015651/lee-20230504.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-015651
- JSON: https://secwatch.observer/filing/0001628280-23-015651.json
- Plain text: https://secwatch.observer/filing/0001628280-23-015651.txt

## Key facts
- Earnings Releases
  LEE ENTERPRISES, Inc reported second quarter fiscal 2023 results: revenue $171 million, net income Net loss totaled $5 million. Guidance reaffirmed.
  - Period: second quarter fiscal 2023
  - Revenue: $171 million
  - Net income: Net loss totaled $5 million
  - Guidance: reaffirmed
  - Result: preliminary results
  source text: digital revenue and Adjusted EBITDA, and has us well positioned to drive value for our stakeholders,” Mowbray added. Key Second Quarter Highlights: • Total operating revenue was $171 million. • Total Digital Revenue was $65 million, a 12% increase over the prior year, and represented 38% of our total operating revenue. • Digital-only subscription revenue increased
  evidence_url: https://www.sec.gov/Archives/edgar/data/58361/000162828023015651/0001628280-23-015651-index.htm

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