secwatch.observer — SEC 8-K summary
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Issuer:     LEE ENTERPRISES, Inc (LEE)
CIK:        0000058361
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0001628280-24-033867
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lee Q3 digital revenue hits 50% of total; FY Adj EBITDA guidance cut to $73-78M
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- Total operating revenue $151M; digital revenue $76M (+9% YoY) now 50% of total.
- Digital-only subscription revenue $21M (+34% YoY) on 748k subs (+23% YoY).
- Amplified Digital Agency revenue $26M (+12% YoY), annualized >$100M.
- Adjusted EBITDA $15M; FY2024 outlook lowered to $73-78M from prior expectations.
- Debt $453M (9% fixed, 25-yr maturity, no covenants); cash $13M; net debt $439M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/58361/000162828024033867/0001628280-24-033867-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/58361/000162828024033867/lee-20240801.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-033867

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