secwatch.observer — SEC 8-K summary
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Issuer:     LEE ENTERPRISES, Inc (LEE)
CIK:        0000058361
Form:       8-K
Filed at:   2024-12-12T23:59:59+00:00
Accession:  0001628280-24-050986
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lee Enterprises Q4 digital revenue $82M (51% of total); FY EBITDA $65M misses target
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- Q4 total operating revenue $159M; digital-only subs revenue $24M, up 30% YoY.
- FY24 total digital revenue $299M, up 11% YoY; print revenue $312M, down 21%.
- Adjusted EBITDA $17M in Q4, $65M for FY24; fell short of company target.
- Debt $446M (9% fixed, 25-yr maturity, no covenants); net debt $436M after $10M cash.
- FY25 outlook: digital revenue growth 7-10%; Adjusted EBITDA low-single-digit growth.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/58361/000162828024050986/0001628280-24-050986-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/58361/000162828024050986/lee-20241212.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-050986

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