---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-002865"
form_type: "8-K"
ticker: "LEE"
cik: "0000058361"
company_name: "LEE ENTERPRISES, Inc"
filed_at: "2024-02-01T23:59:59+00:00"
generated_at: "2026-06-06T12:05:13.086553+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Lee Enterprises Q1 adjusted EBITDA up 6% YoY; digital-only subscribers rise 30% to 735k

## Summary
- Q1 total operating revenue $156M; total digital revenue $71M (+11% YoY), 46% of total revenue.
- Digital-only subscribers 735,000 (+30% YoY); digital-only subscription revenue +60% YoY on 20% rate increase.
- Adjusted EBITDA $19M (+6% YoY); net income $1M; FY2024 guidance unchanged ($83M–$90M EBITDA).
- Debt $454M at fixed 9% with 25-year maturity, no covenants; net debt $439M; cash $15M.
- Company expects digital revenue to exceed print in H2 FY24, targeting sustainability without print within five years.

## SEC filing metadata
- accession: 0001628280-24-002865
- form_type: 8-K
- ticker: LEE
- cik: 0000058361
- company_name: LEE ENTERPRISES, Inc
- filed_at: 2024-02-01T23:59:59+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/58361/000162828024002865/0001628280-24-002865-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/58361/000162828024002865/lee-20240201.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-002865
- JSON: https://secwatch.observer/filing/0001628280-24-002865.json
- Plain text: https://secwatch.observer/filing/0001628280-24-002865.txt

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