secwatch.observer — SEC 8-K summary
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Issuer:     LEE ENTERPRISES, Inc (LEE)
CIK:        0000058361
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001628280-24-019841
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/58361/000162828024019841/0001628280-24-019841-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/58361/000162828024019841/lee-20240502.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-019841

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