---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-019841"
form_type: "8-K"
ticker: "LEE"
cik: "0000058361"
company_name: "LEE ENTERPRISES, Inc"
filed_at: "2024-05-02T23:59:59+00:00"
generated_at: "2026-06-03T01:03:53.976405+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Lee Enterprises Q2 Adjusted EBITDA up 5% YoY; digital-only subscription revenue surges 48% to $20M

## Summary
- Total digital revenue $71M (11% YoY increase), now 48% of total operating revenue of $147M.
- Digital-only subscription revenue $20M (+48% YoY) with 745,000 digital subscribers (+25% YoY).
- Adjusted EBITDA $15M (+5% YoY); Cash Costs down 16% YoY to $133M.
- FY2024 outlook unchanged: digital revenue $310-330M, Adjusted EBITDA $83-90M, digital subscribers 771k.
- Debt $454M at 9% fixed rate with 25-year maturity, no performance covenants; cash on hand $16M.

## SEC filing metadata
- accession: 0001628280-24-019841
- form_type: 8-K
- ticker: LEE
- cik: 0000058361
- company_name: LEE ENTERPRISES, Inc
- filed_at: 2024-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/58361/000162828024019841/0001628280-24-019841-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/58361/000162828024019841/lee-20240502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-019841
- JSON: https://secwatch.observer/filing/0001628280-24-019841.json
- Plain text: https://secwatch.observer/filing/0001628280-24-019841.txt

## Key facts
- Earnings Releases
  LEE ENTERPRISES, Inc updated its second quarter ended March 24, 2024 guidance (reaffirmed).
  - Period: second quarter ended March 24, 2024
  - Guidance: reaffirmed
  - Result: preliminary results
  source text: On May 2, 2024, Lee Enterprises, Incorporated (the “Company”) reported its preliminary results for the second quarter ended March 24, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/58361/000162828024019841/0001628280-24-019841-index.htm

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