---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-040993"
form_type: "8-K"
ticker: "LEE"
cik: "0000058361"
company_name: "LEE ENTERPRISES, Inc"
filed_at: "2023-12-07T23:59:59+00:00"
generated_at: "2026-06-07T16:34:52.841859+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Lee Q4 digital revenue up 14% to $73M, raises long-term subscriber target to 1.2M

## Summary
- Q4 total operating revenue $164M; digital revenue $73M (44% of total), up 14% YoY.
- Digital-only subscribers 721,000 (+36% YoY); digital-only subscription revenue up 68% same-store.
- Adjusted EBITDA $30M in Q4; FY24 guidance $83-90M, implying up to +6% YoY growth.
- Long-term digital subscriber outlook raised to 1.2M (+33%); digital subscription revenue target ~$150M.
- Debt $456M at 9% fixed rate, 25-year maturity, no principal payments, no financial covenants.

## SEC filing metadata
- accession: 0001628280-23-040993
- form_type: 8-K
- ticker: LEE
- cik: 0000058361
- company_name: LEE ENTERPRISES, Inc
- filed_at: 2023-12-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/58361/000162828023040993/0001628280-23-040993-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/58361/000162828023040993/lee-20231207.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-040993
- JSON: https://secwatch.observer/filing/0001628280-23-040993.json
- Plain text: https://secwatch.observer/filing/0001628280-23-040993.txt

## Key facts
- Earnings Releases
  LEE ENTERPRISES, Inc reported preliminary financial results for fourth quarter ended September 24, 2023.
  - Period: fourth quarter ended September 24, 2023
  - Result: preliminary results
  source text: On December 7, 2023, Lee Enterprises, Incorporated (the “Company”) reported its preliminary results for the fourth quarter ended September 24, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/58361/000162828023040993/0001628280-23-040993-index.htm

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