secwatch.observer — SEC 8-K summary
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Issuer:     LEE ENTERPRISES, Inc (LEE)
CIK:        0000058361
Form:       8-K
Filed at:   2025-05-09T23:59:59+00:00
Accession:  0001628280-25-024164
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lee Q2 revenue $137M, digital 53% of total; net loss $12M from cyber impact
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- Total Digital Revenue $73M, +3% YoY (4% same-store), now 53% of total operating revenue.
- Digital-only subscription revenue +20% same-store; 728,000 digital-only subscribers.
- Net loss of $12M; Adjusted EBITDA $8M; $2M cyber restoration costs hurt results.
- Debt $453M (9.0% fixed, 25-yr maturity); cash $5M; March/April interest waived by lender.
- Expects improving YoY trends in H2 FY25; $40M annualized cost cuts executed in Q2.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/58361/000162828025024164/0001628280-25-024164-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/58361/000162828025024164/lee-20250508.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-024164

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