secwatch.observer — SEC 8-K summary
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Issuer:     LEE ENTERPRISES, Inc (LEE)
CIK:        0000058361
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0001628280-23-015651
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/58361/000162828023015651/0001628280-23-015651-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/58361/000162828023015651/lee-20230504.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-015651

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