secwatch.observer — SEC 8-K summary
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Issuer:     LEE ENTERPRISES, Inc (LEE)
CIK:        0000058361
Form:       8-K
Filed at:   2024-02-01T23:59:59+00:00
Accession:  0001628280-24-002865
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/58361/000162828024002865/0001628280-24-002865-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/58361/000162828024002865/lee-20240201.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-002865

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