Lee Enterprises (LEE)
Market Price (8/7/2026): $8.14 | Market Cap: $112.0 MilSector: Communication Services | Industry: Publishing
Lee Enterprises (LEE)
Market Price (8/7/2026): $8.14Market Cap: $112.0 MilSector: Communication ServicesIndustry: Publishing
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Megatrend and thematic driversMegatrends include Digital Media & Local Information. Themes include Local Digital News & Information, Digital Subscription Models, and Local Digital Advertising. | Weak multi-year price returns2Y Excs Rtn is -58%, 3Y Excs Rtn is -112% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 380% Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 138x Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -9.9%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -11%, Rev Chg QQuarterly Revenue Change % is -11% Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 118% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -19% Key risksLEE key risks include [1] significant financial strain from its substantial high-interest debt and [2] operational disruption and financial loss from a material cybersecurity incident that compromised employee data. |
| Megatrend and thematic driversMegatrends include Digital Media & Local Information. Themes include Local Digital News & Information, Digital Subscription Models, and Local Digital Advertising. |
| Weak multi-year price returns2Y Excs Rtn is -58%, 3Y Excs Rtn is -112% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 380% |
| Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 138x |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -9.9%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -11%, Rev Chg QQuarterly Revenue Change % is -11% |
| Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 118% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -19% |
| Key risksLEE key risks include [1] significant financial strain from its substantial high-interest debt and [2] operational disruption and financial loss from a material cybersecurity incident that compromised employee data. |
Qualitative Assessment
AI Analysis | Feedback
Updated on 8/6/2026
Lee Enterprises (LEE) stock has remained largely at the same level since 4/30/2026 because of the following key factors:
1. Positive Fiscal Q2 and Q3 2026 Earnings Amidst Digital Transformation: Lee Enterprises reported strong financial results for fiscal Q2 2026 (ended March 29, 2026) and Q3 2026 (ended June 28, 2026). In fiscal Q2 2026, the company's EPS of -$0.16 significantly surpassed the consensus estimate of -$0.9494, representing an 83.15% positive surprise. Adjusted EBITDA increased 95% year-over-year to $15 million, or 45% excluding insurance reimbursements. Fiscal Q3 2026 saw a return to profitability with a net income of $5 million, marking its first profitable quarter since 2024. Adjusted EBITDA grew 23% year-over-year to $18 million, or 19% excluding insurance reimbursements. The company also demonstrated progress in its digital-first strategy, with digital revenue representing 56% of total revenue in Q2 2026 and increasing to 57% in Q3 2026. These robust results likely provided upward support for the stock, contributing to its stability.
2. Persistent Decline in Overall Revenue Driven by Print: Despite growth in digital revenue, Lee Enterprises continued to face declines in its total operating revenue. In fiscal Q2 2026, total operating revenue was $122 million, representing an 11.22% decrease compared to the prior year. Fiscal Q3 2026 total operating revenue was $126 million. Print advertising and subscription revenues continued to experience double-digit declines during Q3 2026. This ongoing contraction in traditional revenue streams likely tempered investor enthusiasm, offsetting positive operational news and contributing to the stock's flat trajectory as market participants weigh future growth against these persistent challenges.
Show more
Lee Enterprises (LEE) stock has remained largely at the same level since 4/30/2026 because of the following key factors:
1. Positive Fiscal Q2 and Q3 2026 Earnings Amidst Digital Transformation: Lee Enterprises reported strong financial results for fiscal Q2 2026 (ended March 29, 2026) and Q3 2026 (ended June 28, 2026). In fiscal Q2 2026, the company's EPS of -$0.16 significantly surpassed the consensus estimate of -$0.9494, representing an 83.15% positive surprise. Adjusted EBITDA increased 95% year-over-year to $15 million, or 45% excluding insurance reimbursements. Fiscal Q3 2026 saw a return to profitability with a net income of $5 million, marking its first profitable quarter since 2024. Adjusted EBITDA grew 23% year-over-year to $18 million, or 19% excluding insurance reimbursements. The company also demonstrated progress in its digital-first strategy, with digital revenue representing 56% of total revenue in Q2 2026 and increasing to 57% in Q3 2026. These robust results likely provided upward support for the stock, contributing to its stability.
2. Persistent Decline in Overall Revenue Driven by Print: Despite growth in digital revenue, Lee Enterprises continued to face declines in its total operating revenue. In fiscal Q2 2026, total operating revenue was $122 million, representing an 11.22% decrease compared to the prior year. Fiscal Q3 2026 total operating revenue was $126 million. Print advertising and subscription revenues continued to experience double-digit declines during Q3 2026. This ongoing contraction in traditional revenue streams likely tempered investor enthusiasm, offsetting positive operational news and contributing to the stock's flat trajectory as market participants weigh future growth against these persistent challenges.
Show more
Updated on 8/6/2026
Lee Enterprises (LEE) stock has remained largely at the same level since 4/30/2026 because of the following key factors:
1. Positive Fiscal Q2 and Q3 2026 Earnings Amidst Digital Transformation: Lee Enterprises reported strong financial results for fiscal Q2 2026 (ended March 29, 2026) and Q3 2026 (ended June 28, 2026). In fiscal Q2 2026, the company's EPS of -$0.16 significantly surpassed the consensus estimate of -$0.9494, representing an 83.15% positive surprise. Adjusted EBITDA increased 95% year-over-year to $15 million, or 45% excluding insurance reimbursements. Fiscal Q3 2026 saw a return to profitability with a net income of $5 million, marking its first profitable quarter since 2024. Adjusted EBITDA grew 23% year-over-year to $18 million, or 19% excluding insurance reimbursements. The company also demonstrated progress in its digital-first strategy, with digital revenue representing 56% of total revenue in Q2 2026 and increasing to 57% in Q3 2026. These robust results likely provided upward support for the stock, contributing to its stability.
2. Persistent Decline in Overall Revenue Driven by Print: Despite growth in digital revenue, Lee Enterprises continued to face declines in its total operating revenue. In fiscal Q2 2026, total operating revenue was $122 million, representing an 11.22% decrease compared to the prior year. Fiscal Q3 2026 total operating revenue was $126 million. Print advertising and subscription revenues continued to experience double-digit declines during Q3 2026. This ongoing contraction in traditional revenue streams likely tempered investor enthusiasm, offsetting positive operational news and contributing to the stock's flat trajectory as market participants weigh future growth against these persistent challenges.
3. Effective Cost Controls and Reduced Interest Expense: The company's disciplined cost management and an improved capital structure played a significant role in stabilizing its financial performance. Lee Enterprises reported a 15% ($19 million) year-over-year reduction in cash costs during fiscal Q3 2026. Furthermore, interest expense decreased by $4.6 million year-over-year in fiscal Q3 2026, almost halving, due to a reduced fixed annual interest rate of 5% on its credit agreement, down from 9%. This reduction was made operative by a strategic private placement that closed in February 2026. These cost efficiencies and lower debt servicing costs enhanced profitability and contributed to the company's ability to achieve net income in Q3 2026 and raise its full-year fiscal 2026 Adjusted EBITDA outlook to growth between 22% and 28%. These factors helped mitigate the impact of revenue declines, supporting the stock at its current levels.
4. Inclusion in Russell 2000 Index: Lee Enterprises was added to the US small-cap Russell 2000 Index, effective at the US market open on June 29, 2026, as part of the 2026 Russell indexes reconstitution. Such an inclusion generally leads to increased visibility and passive investment inflows from index funds, which could provide a stabilizing or upward push for the stock price. However, in the context of persistent revenue challenges despite strong operational improvements, this positive factor likely contributed to preventing a decline rather than driving significant upward momentum, thus maintaining the stock at largely the same level.
Show less
Lee Enterprises (LEE) stock has remained largely at the same level since 4/30/2026 because of the following key factors:
1. Positive Fiscal Q2 and Q3 2026 Earnings Amidst Digital Transformation: Lee Enterprises reported strong financial results for fiscal Q2 2026 (ended March 29, 2026) and Q3 2026 (ended June 28, 2026). In fiscal Q2 2026, the company's EPS of -$0.16 significantly surpassed the consensus estimate of -$0.9494, representing an 83.15% positive surprise. Adjusted EBITDA increased 95% year-over-year to $15 million, or 45% excluding insurance reimbursements. Fiscal Q3 2026 saw a return to profitability with a net income of $5 million, marking its first profitable quarter since 2024. Adjusted EBITDA grew 23% year-over-year to $18 million, or 19% excluding insurance reimbursements. The company also demonstrated progress in its digital-first strategy, with digital revenue representing 56% of total revenue in Q2 2026 and increasing to 57% in Q3 2026. These robust results likely provided upward support for the stock, contributing to its stability.
2. Persistent Decline in Overall Revenue Driven by Print: Despite growth in digital revenue, Lee Enterprises continued to face declines in its total operating revenue. In fiscal Q2 2026, total operating revenue was $122 million, representing an 11.22% decrease compared to the prior year. Fiscal Q3 2026 total operating revenue was $126 million. Print advertising and subscription revenues continued to experience double-digit declines during Q3 2026. This ongoing contraction in traditional revenue streams likely tempered investor enthusiasm, offsetting positive operational news and contributing to the stock's flat trajectory as market participants weigh future growth against these persistent challenges.
3. Effective Cost Controls and Reduced Interest Expense: The company's disciplined cost management and an improved capital structure played a significant role in stabilizing its financial performance. Lee Enterprises reported a 15% ($19 million) year-over-year reduction in cash costs during fiscal Q3 2026. Furthermore, interest expense decreased by $4.6 million year-over-year in fiscal Q3 2026, almost halving, due to a reduced fixed annual interest rate of 5% on its credit agreement, down from 9%. This reduction was made operative by a strategic private placement that closed in February 2026. These cost efficiencies and lower debt servicing costs enhanced profitability and contributed to the company's ability to achieve net income in Q3 2026 and raise its full-year fiscal 2026 Adjusted EBITDA outlook to growth between 22% and 28%. These factors helped mitigate the impact of revenue declines, supporting the stock at its current levels.
4. Inclusion in Russell 2000 Index: Lee Enterprises was added to the US small-cap Russell 2000 Index, effective at the US market open on June 29, 2026, as part of the 2026 Russell indexes reconstitution. Such an inclusion generally leads to increased visibility and passive investment inflows from index funds, which could provide a stabilizing or upward push for the stock price. However, in the context of persistent revenue challenges despite strong operational improvements, this positive factor likely contributed to preventing a decline rather than driving significant upward momentum, thus maintaining the stock at largely the same level.
Show less
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Stock Movement Drivers
Fundamental Drivers
The -1.3% change in LEE stock from 4/30/2026 to 8/6/2026 was primarily driven by a -55.5% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 4302026 | 8062026 | Change |
|---|---|---|---|
| Stock Price ($) | 8.23 | 8.12 | -1.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 548 | 532 | -2.8% |
| P/S Multiple | 0.1 | 0.2 | 128.3% |
| Shares Outstanding (Mil) | 6 | 14 | -55.5% |
| Cumulative Contribution | -1.3% |
Market Drivers
4/30/2026 to 8/6/2026| Return | Correlation | |
|---|---|---|
| LEE | -1.3% | |
| Market (SPY) | 6.9% | 18.8% |
| Sector (XLC) | -4.6% | 34.4% |
Fundamental Drivers
The 54.1% change in LEE stock from 1/31/2026 to 8/6/2026 was primarily driven by a 265.0% change in the company's P/S Multiple.| (LTM values as of) | 1312026 | 8062026 | Change |
|---|---|---|---|
| Stock Price ($) | 5.27 | 8.12 | 54.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 562 | 532 | -5.3% |
| P/S Multiple | 0.1 | 0.2 | 265.0% |
| Shares Outstanding (Mil) | 6 | 14 | -55.4% |
| Cumulative Contribution | 54.1% |
Market Drivers
1/31/2026 to 8/6/2026| Return | Correlation | |
|---|---|---|
| LEE | 54.1% | |
| Market (SPY) | 11.4% | 3.5% |
| Sector (XLC) | -7.1% | 18.1% |
Fundamental Drivers
The 63.7% change in LEE stock from 7/31/2025 to 8/6/2026 was primarily driven by a 314.6% change in the company's P/S Multiple.| (LTM values as of) | 7312025 | 8062026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.96 | 8.12 | 63.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 591 | 532 | -9.9% |
| P/S Multiple | 0.1 | 0.2 | 314.6% |
| Shares Outstanding (Mil) | 6 | 14 | -56.2% |
| Cumulative Contribution | 63.7% |
Market Drivers
7/31/2025 to 8/6/2026| Return | Correlation | |
|---|---|---|
| LEE | 63.7% | |
| Market (SPY) | 22.6% | 9.7% |
| Sector (XLC) | 4.5% | 16.2% |
Fundamental Drivers
The -41.6% change in LEE stock from 7/31/2023 to 8/6/2026 was primarily driven by a -57.7% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 7312023 | 8062026 | Change |
|---|---|---|---|
| Stock Price ($) | 13.90 | 8.12 | -41.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 744 | 532 | -28.5% |
| P/S Multiple | 0.1 | 0.2 | 93.0% |
| Shares Outstanding (Mil) | 6 | 14 | -57.7% |
| Cumulative Contribution | -41.6% |
Market Drivers
7/31/2023 to 8/6/2026| Return | Correlation | |
|---|---|---|
| LEE | -41.6% | |
| Market (SPY) | 73.8% | 13.9% |
| Sector (XLC) | 66.7% | 14.2% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| LEE Return | 174% | -46% | -58% | 88% | -68% | 66% | -37% |
| Peers Return | 50% | 655% | -1% | -25% | -16% | -5% | 566% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 106% |
Monthly Win Rates [3] | |||||||
| LEE Win Rate | 58% | 33% | 33% | 33% | 33% | 50% | |
| Peers Win Rate | 29% | 42% | 58% | 44% | 58% | 57% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| LEE Max Drawdown | -49% | -64% | -66% | -50% | -77% | -36% | |
| Peers Max Drawdown | -15% | -51% | -47% | -42% | -47% | -33% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: HHS, SOBR, NWSA, NYT, TDAY. See LEE Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/6/2026 (YTD)
How Low Can It Go
| Event | LEE | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -46.8% | -18.8% |
| % Gain to Breakeven | 87.8% | 23.1% |
| Time to Breakeven | 363 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -20.0% | -7.8% |
| % Gain to Breakeven | 25.1% | 8.5% |
| Time to Breakeven | 57 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -39.3% | -9.5% |
| % Gain to Breakeven | 64.7% | 10.5% |
| Time to Breakeven | 151 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -44.2% | -6.7% |
| % Gain to Breakeven | 79.2% | 7.1% |
| Time to Breakeven | 550 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -53.3% | -33.7% |
| % Gain to Breakeven | 114.1% | 50.9% |
| Time to Breakeven | 290 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -32.4% | -19.2% |
| % Gain to Breakeven | 47.9% | 23.8% |
| Time to Breakeven | 41 days | 105 days |
In The Past
Lee Enterprises's stock fell -46.8% during the 2025 US Tariff Shock. Such a loss loss requires a 87.8% gain to breakeven.
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| Event | LEE | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -46.8% | -18.8% |
| % Gain to Breakeven | 87.8% | 23.1% |
| Time to Breakeven | 363 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -20.0% | -7.8% |
| % Gain to Breakeven | 25.1% | 8.5% |
| Time to Breakeven | 57 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -39.3% | -9.5% |
| % Gain to Breakeven | 64.7% | 10.5% |
| Time to Breakeven | 151 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -44.2% | -6.7% |
| % Gain to Breakeven | 79.2% | 7.1% |
| Time to Breakeven | 550 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -53.3% | -33.7% |
| % Gain to Breakeven | 114.1% | 50.9% |
| Time to Breakeven | 290 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -32.4% | -19.2% |
| % Gain to Breakeven | 47.9% | 23.8% |
| Time to Breakeven | 41 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -52.4% | -3.7% |
| % Gain to Breakeven | 110.3% | 3.9% |
| Time to Breakeven | 1647 days | 6 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -51.4% | -12.2% |
| % Gain to Breakeven | 105.9% | 13.9% |
| Time to Breakeven | 184 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -70.9% | -6.8% |
| % Gain to Breakeven | 244.1% | 7.3% |
| Time to Breakeven | 2162 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -36.8% | -17.9% |
| % Gain to Breakeven | 58.3% | 21.8% |
| Time to Breakeven | 137 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -44.0% | -15.4% |
| % Gain to Breakeven | 78.7% | 18.2% |
| Time to Breakeven | 1284 days | 125 days |
In The Past
Lee Enterprises's stock fell -46.8% during the 2025 US Tariff Shock. Such a loss loss requires a 87.8% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Lee Enterprises (LEE)
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Lee Enterprises is a media company primarily focused on delivering local news and information across the United States. Its core business involves publishing print and digital editions of daily, weekly, and monthly newspapers and publications. The company also provides comprehensive advertising services, enabling businesses to reach local audiences through its various print and digital platforms.
Expanding beyond traditional media, Lee Enterprises offers a suite of digital marketing services. These include audience extension, search engine optimization (SEO), search engine marketing (SEM), web and mobile production, social media services, and reputation monitoring and management. Furthermore, it provides integrated digital publishing and content management solutions, which assist other media publications, universities, and television stations in creating, distributing, and monetizing their multimedia content.
In addition to its news and digital marketing segments, Lee Enterprises also operates commercial printing services, distributes third-party publications, and runs a dedicated digital marketing agency. Its customer base broadly includes local communities, businesses seeking marketing solutions, and other content publishers.
```AI Analysis | Feedback
Here are 1-3 brief analogies to describe Lee Enterprises:
1. A local news publisher, like a regional version of **Gannett (USA Today's parent company)**, that has also become a comprehensive digital marketing agency for local businesses.
2. Think of it as your **hometown newspaper**, but also a digital marketing partner for local businesses, similar to how they might use **Google Ads** or **Facebook** to reach customers.
AI Analysis | Feedback
- News Publications (Print & Digital): Lee Enterprises offers daily, weekly, and monthly newspapers and publications in both print and digital formats.
- Advertising & Marketing Services: The company provides a range of digital advertising and marketing solutions, including audience extension, search engine optimization, and social media services.
- Digital Publishing & Content Management Solutions: Lee delivers integrated solutions for creating, distributing, and monetizing multimedia content for various media and institutional clients.
- Commercial Printing Services: The company supplies printing services for businesses and other commercial needs.
- Third-Party Publication Distribution: Lee Enterprises distributes publications on behalf of other companies.
AI Analysis | Feedback
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Lee Enterprises serves a diverse range of customers, encompassing both individual consumers and various types of businesses and organizations. Given the nature of its services, it primarily serves the following categories of customers:
- Individual Consumers/Readers: These are individuals who subscribe to or purchase Lee Enterprises' print and digital editions of daily, weekly, and monthly newspapers and publications for local news and information.
- Local and Regional Businesses: This broad category includes small to medium-sized businesses and local advertisers that utilize Lee Enterprises' comprehensive advertising and marketing services. These services include print and digital advertising, audience extension, search engine optimization (SEO), search engine marketing (SEM), web and mobile production, social media services, and reputation monitoring and management. These businesses leverage Lee's platforms to reach local audiences.
- Other Media Organizations and Institutions: This category encompasses "media publications, universities, television stations, and niche publications" that use Lee Enterprises' integrated digital publishing and content management solutions. Additionally, it includes clients for its commercial printing services and those utilizing its services for distributing third-party publications.
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The Associated Press
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Nathan Bekke, Interim Chief Executive Officer
Nathan Bekke was appointed Interim Chief Executive Officer of Lee Enterprises effective February 5, 2026. He previously served as the Chief Operating Officer, a role he assumed in June 2025. Bekke has a long history with Lee Enterprises, starting his career with the company in 1988. Over his more than three-decade tenure, he has held various leadership positions, including Vice President in January 2015 and Operating Vice President and Vice President of Audience Strategy in 2020. In his various roles, he has been responsible for news, audience, advertising, production, information technology, and BLOX Digital operations. He has also been instrumental in driving revenue growth, increasing digital audience, and consolidating legacy print costs for efficiency. Bekke has been involved with a range of charitable, community, and statewide organizations, and currently serves on the board of News Media Alliance.
Joshua Paul Rinehults, Vice President, Interim Chief Financial Officer, and Treasurer
Joshua Paul Rinehults was appointed Vice President, Interim Chief Financial Officer, and Treasurer of Lee Enterprises, effective February 3, 2026. Prior to this, he served as the company's Vice President of Operations and Finance. The company is actively searching for a permanent Chief Financial Officer following the resignation of Timothy R. Millage.
Michele Fennelly White, Vice President of Information Technology and Chief Information Officer
Michele Fennelly White has served as Vice President of Information Technology and Chief Information Officer of Lee Enterprises since June 2011. She joined Lee Enterprises Inc. in June 1994 and held the position of Director of Technical Support from June 1999 to June 2011.
Greg Schermer, Vice President of Strategy
Greg Schermer has been the Vice President of Strategy at Lee Enterprises since March 1996. His responsibilities include identifying and acquiring strategic resources to drive revenue and audience growth for the company. Before this role, Schermer was the Vice President of Interactive Media at Lee Enterprises, where he focused on staffing the digital function. His earlier career includes serving as a Partner at Hanson O'Brien, Birney and Butler from 1980 to 1989, specializing in libel and non-profit law. He holds a Juris Doctor degree from Creighton University School of Law and a Bachelor's degree from Amherst College.
James Green, Vice President - Digital
James Green holds the position of Vice President of Digital for Lee Enterprises. In this role, he is responsible for overseeing all digital operations and for vetting and scaling new digital businesses. Green has over 25 years of experience in the development and success of digital and data-driven businesses. He also serves on the boards of The Local Media Consortium, TownNews.com, Okanjo, and INMA.
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The key risks to Lee Enterprises' business are as follows:
- The ongoing secular decline in print revenue and circulation, which significantly impacts overall profitability and challenges the company's ability to fully offset these declines with growth in digital revenue and subscriptions. This necessitates a strong focus on digital transformation amidst a competitive and evolving media landscape.
- Significant indebtedness and associated financial risks, including a substantial debt load (approximately $455 million as of Q3 2025) with a high fixed annual interest rate of 9.0%, which limits operational flexibility, consumes cash flow, and can hinder investments needed for digital growth.
- The risk of cybersecurity threats, as evidenced by a major incident in February 2025 that disrupted operations, including print distribution, online services, billing, and potentially compromised sensitive data, leading to recovery costs and negative impacts on financial performance.
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The following are clear emerging threats for Lee Enterprises:
- The increasing reliance of local communities on hyper-local digital platforms and social media groups (e.g., Nextdoor, local Facebook groups) for immediate news, information, and community discussions. These platforms often provide real-time, user-generated content directly, circumventing traditional local news sources and fragmenting audience attention and engagement that Lee Enterprises typically captures.
- The rapid advancement and adoption of artificial intelligence (AI) in content generation, particularly for localized news and information. As AI tools become more sophisticated in synthesizing data, writing articles, and personalizing news feeds, they could offer a cost-effective alternative for producing local content, potentially reducing the need for human journalists and disrupting Lee Enterprises' core content creation and advertising revenue models.
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Lee Enterprises (symbol: LEE) operates in several addressable markets within the United States, including local news and information, advertising services, web hosting and content management, and commercial printing.
Addressable Markets for Lee Enterprises' Main Products and Services (U.S. Region):
- Local News and Information (Print and Digital Newspapers and Publications): The U.S. newspaper market size was estimated at USD 20.61 billion in 2024. This market is projected to contract to USD 18.99 billion by 2030. Local/regional publications alone accounted for over 58% of the market share in 2024.
- Advertising and Marketing Services (including digital advertising, search engine optimization, search engine marketing, social media services, and digital marketing agency operations):
- The broader U.S. digital advertising market was valued at USD 315.3 billion in 2024 and is expected to increase to USD 974.5 billion by 2032.
- Within this, the U.S. SEO & internet marketing market was valued at USD 103.7 billion in 2024 and is expected to grow to USD 380.2 billion by 2032.
- The U.S. digital advertising agency industry is expected to generate USD 52.4 billion in revenue in 2024.
- The U.S. social media management market generated approximately USD 6.06 billion in revenue in 2024 and is projected to reach about USD 18.14 billion by 2030.
- Web Hosting and Content Management Services (including integrated digital publishing and content management solutions):
- The U.S. web hosting market generated an estimated USD 57.74 billion in revenue in 2024 and is forecasted to grow from USD 44.75 billion in 2025 to USD 127.17 billion by 2029.
- The U.S. Content Management System (CMS) market was valued at USD 22.1 billion in 2023.
- Commercial Printing Services: The U.S. commercial printing market size was estimated at USD 126.99 billion in 2024 and is projected to reach USD 150.50 billion by 2030.
- Distribution of Third-Party Publications: null
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Lee Enterprises (LEE) is expected to drive future revenue growth over the next 2-3 years through several key strategies centered on its digital transformation:
- Accelerated Digital Subscription Growth: The company's "Three Pillar Digital Growth Strategy" places a strong emphasis on expanding its digital-only subscriber base and increasing digital-only subscription revenue. Lee Enterprises aims to accelerate the acquisition of digital subscribers by focusing on quality local content. Digital-only subscription revenue saw a 5% year-over-year increase in Q1 2026.
- Expansion of Digital Advertising and Marketing Services: Growth in its digital marketing arm, the Amplified Digital Agency, is a significant revenue driver. This segment continues to perform strongly, with digital advertising and marketing services representing a substantial portion of total advertising revenue.
- Investment in Digital Journalism and Compelling Local Content: Lee Enterprises is committed to investing in digital journalism to create rich, compelling local content, which is crucial for expanding its audience and, in turn, driving digital subscriptions and attracting advertisers. This content-driven approach forms the foundation for digital revenue growth.
- Strategic Partnerships: The company is exploring and implementing new strategic partnerships, such as the recently mentioned partnership with Hudl, to expand its offerings and reach. These collaborations are expected to contribute to future revenue generation by broadening the scope of services and audience engagement.
- Enhanced Financial Flexibility for Digital Investment: While not a direct revenue driver, the recent $50 million equity investment and a significant reduction in interest rates on its debt (from 9% to 5% for five years, resulting in expected annual savings of $18 million) provide substantial cash flow improvement. This enhanced financial flexibility will allow Lee Enterprises to invest further in its core business and accelerate digital growth initiatives, thereby indirectly fueling future revenue.
AI Analysis | Feedback
Share Issuance
- Lee Enterprises completed a $50 million strategic equity private placement in February 2026, which involved issuing approximately 16,000,000 shares of common stock at a price of $3.25 per share.
- This issuance was anchored by David Hoffmann, who committed approximately $35 million, with other existing investors contributing the remaining $15 million.
- The private placement followed an earlier announced intent in November 2025 to pursue an equity rights offering of up to $50 million, aimed at supporting the company's digital transformation.
Inbound Investments
- Lee Enterprises secured a $50 million strategic equity investment, led by David Hoffmann and other existing investors, which closed in February 2026.
- A significant outcome of this investment was an amendment to the company's credit facility, reducing the annual interest rate on approximately $455.5 million of outstanding long-term debt from 9% to 5% for a five-year period, projected to save about $18 million annually in interest.
- As part of the transaction, David Hoffmann joined the company's board of directors as chairman.
Capital Expenditures
- Capital expenditures for the fiscal year 2025 totaled $4 million.
- For fiscal year 2026, the company expects capital expenditures to be up to $10 million.
- The capital allocation associated with the recent equity raise is intended for working capital and investments in technology related to advertising strategies, audience outreach, internal operations, and digital products, reflecting a focus on digital transformation.
Latest Trefis Analyses
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 8.06 |
| Mkt Cap | 0.6 |
| Rev LTM | 1,382 |
| Op Inc LTM | 91 |
| FCF LTM | 30 |
| FCF 3Y Avg | 26 |
| CFO LTM | 57 |
| CFO 3Y Avg | 53 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -1.2% |
| Rev Chg 3Y Avg | -4.8% |
| Rev Chg Q | -8.5% |
| QoQ Delta Rev Chg LTM | -1.9% |
| Op Inc Chg LTM | 15.8% |
| Op Inc Chg 3Y Avg | 13.6% |
| Op Mgn LTM | 6.3% |
| Op Mgn 3Y Avg | 4.8% |
| QoQ Delta Op Mgn LTM | 0.1% |
| CFO/Rev LTM | 2.6% |
| CFO/Rev 3Y Avg | 2.6% |
| FCF/Rev LTM | 1.3% |
| FCF/Rev 3Y Avg | 0.7% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 0.6 |
| P/S | 1.2 |
| P/Op Inc | 7.8 |
| P/EBIT | 11.6 |
| P/E | -3.5 |
| P/CFO | 13.2 |
| Total Yield | -4.1% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | -12.7% |
| D/E | 0.6 |
| Net D/E | 0.5 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -9.3% |
| 3M Rtn | -8.2% |
| 6M Rtn | 8.7% |
| 12M Rtn | 3.7% |
| 3Y Rtn | 7.4% |
| 1M Excs Rtn | -10.5% |
| 3M Excs Rtn | -14.7% |
| 6M Excs Rtn | -3.5% |
| 12M Excs Rtn | -10.3% |
| 3Y Excs Rtn | -63.4% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Single Segment | 562 | 611 | ||
| Advertising and marketing services revenue | 319 | 366 | ||
| Other revenue | 59 | 61 | ||
| Subscription Revenue | 313 | 354 | ||
| Total | 562 | 611 | 691 | 781 |
| $ Mil | 1996 | 1995 |
|---|---|---|
| Newspapers | 83 | 77 |
| Broadcasting | 23 | 27 |
| Graphic Arts | 12 | |
| Total | 106 | 116 |
| $ Mil | 1996 | 1995 |
|---|---|---|
| Newspapers | 226 | 230 |
| Broadcasting | 198 | 212 |
| Graphic Arts | 88 | |
| Total | 424 | 529 |
Price Behavior
Price Behavior
| Market Price | $8.12 | |
| Market Cap ($ Bil) | 0.1 | |
| First Trading Date | 11/05/1987 | |
| Distance from 52W High | -31.0% | |
| 50 Days | 200 Days | |
| DMA Price | $8.94 | $7.08 |
| DMA Trend | up | down |
| Distance from DMA | -9.2% | 14.7% |
| 3M | 1YR | |
| Volatility | 66.4% | 89.5% |
| Downside Capture | 112.36 | 34.12 |
| Upside Capture | 95.10 | 85.07 |
| Correlation (SPY) | 19.7% | 8.3% |
LEE Betas & Captures as of 7/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.76 | 0.85 | 0.77 | 0.12 | 0.65 | 0.68 |
| Up Beta | -2.68 | -0.81 | -0.13 | -1.60 | -0.58 | 0.34 |
| Down Beta | 1.69 | 1.17 | 0.80 | 2.36 | 1.78 | 1.11 |
| Up Capture | 28% | 7% | 73% | 45% | 80% | 19% |
| Bmk +ve Days | 11 | 22 | 35 | 67 | 138 | 427 |
| Stock +ve Days | 8 | 16 | 26 | 56 | 115 | 334 |
| Down Capture | 246% | 202% | 121% | -52% | 59% | 96% |
| Bmk -ve Days | 11 | 21 | 28 | 59 | 114 | 326 |
| Stock -ve Days | 14 | 27 | 37 | 70 | 133 | 399 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with LEE | |
|---|---|---|---|---|
| LEE | 66.0% | 89.3% | 0.93 | - |
| Sector ETF (XLC) | 4.6% | 14.9% | 0.09 | 14.9% |
| Equity (SPY) | 23.5% | 12.9% | 1.37 | 8.1% |
| Gold (GLD) | 25.3% | 28.3% | 0.79 | 3.5% |
| Commodities (DBC) | 32.4% | 19.8% | 1.30 | 8.9% |
| Real Estate (VNQ) | 12.9% | 13.8% | 0.64 | 1.8% |
| Bitcoin (BTCUSD) | -43.6% | 43.0% | -1.21 | 3.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with LEE | |
|---|---|---|---|---|
| LEE | -22.6% | 68.0% | -0.11 | - |
| Sector ETF (XLC) | 7.1% | 20.9% | 0.26 | 16.3% |
| Equity (SPY) | 13.2% | 17.2% | 0.59 | 16.9% |
| Gold (GLD) | 17.9% | 18.5% | 0.78 | 2.0% |
| Commodities (DBC) | 8.0% | 19.6% | 0.31 | 8.2% |
| Real Estate (VNQ) | 2.3% | 18.9% | 0.02 | 9.0% |
| Bitcoin (BTCUSD) | 10.0% | 53.0% | 0.38 | 4.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with LEE | |
|---|---|---|---|---|
| LEE | -8.4% | 69.5% | 0.16 | - |
| Sector ETF (XLC) | 9.2% | 22.2% | 0.47 | 18.0% |
| Equity (SPY) | 15.3% | 17.9% | 0.73 | 18.8% |
| Gold (GLD) | 11.8% | 16.2% | 0.59 | 1.6% |
| Commodities (DBC) | 7.4% | 18.0% | 0.33 | 10.1% |
| Real Estate (VNQ) | 4.9% | 20.7% | 0.20 | 14.6% |
| Bitcoin (BTCUSD) | 58.3% | 66.2% | 0.98 | 5.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 8/6/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/7/2026 | -1.8% | -4.0% | 27.1% |
| 11/26/2025 | -9.2% | -11.3% | 3.4% |
| 8/8/2025 | -2.2% | -6.1% | -7.4% |
| 5/9/2025 | -5.5% | -5.6% | -14.1% |
| 2/7/2025 | -0.8% | -6.4% | -33.0% |
| 12/12/2024 | -0.6% | -10.0% | -22.1% |
| 8/1/2024 | -4.0% | -10.7% | -13.4% |
| 5/2/2024 | 2.4% | 1.1% | 4.0% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 6 | 6 | 9 |
| # Negative | 17 | 17 | 14 |
| Median Positive | 3.9% | 7.5% | 25.9% |
| Median Negative | -5.1% | -10.7% | -16.2% |
| Max Positive | 15.5% | 62.4% | 66.5% |
| Max Negative | -16.6% | -21.3% | -33.9% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/7/2026 | -1.8% | -4.0% | 27.1% |
| 11/26/2025 | -9.2% | -11.3% | 3.4% |
| 8/8/2025 | -2.2% | -6.1% | -7.4% |
| 5/9/2025 | -5.5% | -5.6% | -14.1% |
| 2/7/2025 | -0.8% | -6.4% | -33.0% |
| 12/12/2024 | -0.6% | -10.0% | -22.1% |
| 8/1/2024 | -4.0% | -10.7% | -13.4% |
| 5/2/2024 | 2.4% | 1.1% | 4.0% |
| 2/1/2024 | -11.2% | -10.8% | -11.7% |
| 12/7/2023 | -16.6% | -20.4% | -25.5% |
| 8/3/2023 | -4.1% | -12.0% | -13.8% |
| 5/4/2023 | -4.3% | 13.7% | 30.5% |
| 3/2/2023 | -5.1% | -17.2% | -33.9% |
| 12/9/2022 | 0.5% | -10.9% | 6.2% |
| 8/4/2022 | 2.4% | 1.3% | 4.2% |
| 5/5/2022 | -5.5% | -21.3% | -12.2% |
| 2/3/2022 | -12.9% | -14.4% | -26.4% |
| 12/9/2021 | 11.0% | 62.4% | 57.6% |
| 8/5/2021 | -5.7% | -5.3% | -16.2% |
| 5/6/2021 | -13.9% | -7.1% | -18.2% |
| 2/4/2021 | 15.5% | 27.3% | 66.5% |
| 12/11/2020 | 5.4% | 0.9% | 25.9% |
| 8/7/2020 | -4.6% | -4.0% | -16.3% |
| SUMMARY STATS | |||
| # Positive | 6 | 6 | 9 |
| # Negative | 17 | 17 | 14 |
| Median Positive | 3.9% | 7.5% | 25.9% |
| Median Negative | -5.1% | -10.7% | -16.2% |
| Max Positive | 15.5% | 62.4% | 66.5% |
| Max Negative | -16.6% | -21.3% | -33.9% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/08/2026 | 10-Q |
| 12/31/2025 | 02/11/2026 | 10-Q |
| 09/30/2025 | 11/26/2025 | 10-K |
| 06/30/2025 | 08/08/2025 | 10-Q |
| 03/31/2025 | 05/09/2025 | 10-Q |
| 12/31/2024 | 02/07/2025 | 10-Q |
| 09/30/2024 | 12/13/2024 | 10-K |
| 06/30/2024 | 08/02/2024 | 10-Q |
| 03/31/2024 | 05/03/2024 | 10-Q |
| 12/31/2023 | 02/02/2024 | 10-Q |
| 09/30/2023 | 12/08/2023 | 10-K |
| 06/30/2023 | 08/04/2023 | 10-Q |
| 03/31/2023 | 05/04/2023 | 10-Q |
| 12/31/2022 | 03/02/2023 | 10-Q |
| 09/30/2022 | 02/27/2023 | 10-K |
| 06/30/2022 | 08/04/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/08/2026 | 10-Q |
| 12/31/2025 | 02/11/2026 | 10-Q |
| 09/30/2025 | 11/26/2025 | 10-K |
| 06/30/2025 | 08/08/2025 | 10-Q |
| 03/31/2025 | 05/09/2025 | 10-Q |
| 12/31/2024 | 02/07/2025 | 10-Q |
| 09/30/2024 | 12/13/2024 | 10-K |
| 06/30/2024 | 08/02/2024 | 10-Q |
| 03/31/2024 | 05/03/2024 | 10-Q |
| 12/31/2023 | 02/02/2024 | 10-Q |
| 09/30/2023 | 12/08/2023 | 10-K |
| 06/30/2023 | 08/04/2023 | 10-Q |
| 03/31/2023 | 05/04/2023 | 10-Q |
| 12/31/2022 | 03/02/2023 | 10-Q |
| 09/30/2022 | 02/27/2023 | 10-K |
| 06/30/2022 | 08/04/2022 | 10-Q |
| 03/31/2022 | 05/06/2022 | 10-Q |
| 12/31/2021 | 02/04/2022 | 10-Q |
| 09/30/2021 | 12/10/2021 | 10-K |
| 06/30/2021 | 08/06/2021 | 10-Q |
| 03/31/2021 | 05/07/2021 | 10-Q |
| 12/31/2020 | 02/05/2021 | 10-Q |
| 09/30/2020 | 12/11/2020 | 10-K |
| 06/30/2020 | 08/07/2020 | 10-Q |
| 03/31/2020 | 06/22/2020 | 10-Q |
| 12/31/2019 | 02/07/2020 | 10-Q |
| 09/30/2019 | 12/13/2019 | 10-K |
| 06/30/2019 | 08/09/2019 | 10-Q |
Recent Forward Guidance
Updated 8/6/2026Latest: Q3 2026 Earnings Reported 8/6/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Adjusted EBITDA Growth | 22.0% | 25.0% | 28.0% | 20.0% | Raised | Guidance: 5.0% for 2026 | |
| 2026 Adjusted EBITDA Growth (Excluding insurance) | 10.0% | ||||||
| 2026 Capital Expenditures | 7.00 Mil | -12.5% | Lowered | Guidance: 8.00 Mil for 2026 | |||
| 2026 Cash paid for income taxes | 3.00 Mil | 6.00 Mil | 9.00 Mil | 20.0% | Raised | Guidance: 5.00 Mil for 2026 | |
Prior: Q2 2026 Earnings Reported 5/7/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Adjusted EBITDA Growth | 4.0% | 5.0% | 0.0% | Affirmed | Guidance: 5.0% for 2026 | ||
| 2026 Capital Expenditures | 8.00 Mil | -20.0% | Lowered | Guidance: 10.00 Mil for 2026 | |||
| 2026 Cash paid for income taxes | 2.00 Mil | 5.00 Mil | 42.9% | Raised | Guidance: 3.50 Mil for 2026 | ||
Q4 2025 Earnings Reported 11/26/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Adjusted EBITDA Growth | 5.0% | ||||||
| 2026 Capital Expenditures | 10.00 Mil | 100.0% | Higher New | Actual: 5.00 Mil for 2025 | |||
| 2026 Cash Paid for Income Taxes | 1.00 Mil | 3.50 Mil | 6.00 Mil | -41.7% | Lower New | Actual: 6.00 Mil for 2025 | |
Insider Activity
Updated 6/11/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Hoffmann, David Henry | Direct | Buy | 6112026 | 9.82 | 1,566 | 15,378 | 113,153,975 | Form | |
| 2 | Hoffmann, David Henry | Direct | Buy | 6112026 | 10.47 | 1,500 | 15,705 | 120,627,404 | Form | |
| 3 | Hoffmann, David Henry | Direct | Buy | 6112026 | 10.80 | 2,500 | 27,000 | 124,413,214 | Form | |
| 4 | Hoffmann, David Henry | Direct | Buy | 6082026 | 10.86 | 6,925 | 75,206 | 125,077,248 | Form | |
| 5 | Hoffmann, David Henry | Direct | Buy | 6082026 | 10.85 | 18,200 | 197,470 | 124,886,939 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Hoffmann, David Henry | Direct | Buy | 6112026 | 9.82 | 1,566 | 15,378 | 113,153,975 | Form | |
| 2 | Hoffmann, David Henry | Direct | Buy | 6112026 | 10.47 | 1,500 | 15,705 | 120,627,404 | Form | |
| 3 | Hoffmann, David Henry | Direct | Buy | 6112026 | 10.80 | 2,500 | 27,000 | 124,413,214 | Form | |
| 4 | Hoffmann, David Henry | Direct | Buy | 6082026 | 10.86 | 6,925 | 75,206 | 125,077,248 | Form | |
| 5 | Hoffmann, David Henry | Direct | Buy | 6082026 | 10.85 | 18,200 | 197,470 | 124,886,939 | Form | |
| 6 | Hoffmann, David Henry | Direct | Buy | 6082026 | 11.08 | 18,200 | 201,656 | 127,332,656 | Form | |
| 7 | Hoffmann, David Henry | Direct | Buy | 6032026 | 10.58 | 18,200 | 192,556 | 121,394,042 | Form | |
| 8 | Hoffmann, David Henry | Direct | Buy | 6032026 | 10.90 | 18,200 | 198,380 | 124,867,315 | Form | |
| 9 | Hoffmann, David Henry | Direct | Buy | 6012026 | 11.74 | 13,700 | 160,838 | 133,905,841 | Form | |
| 10 | Hoffmann, David Henry | Direct | Buy | 6012026 | 10.54 | 13,700 | 144,398 | 120,074,304 | Form | |
| 11 | Hoffmann, David Henry | Direct | Buy | 6012026 | 11.09 | 18,200 | 201,838 | 126,693,812 | Form | |
| 12 | Hoffmann, David Henry | Direct | Buy | 5272026 | 10.05 | 13,700 | 137,685 | 114,354,417 | Form | |
| 13 | Hoffmann, David Henry | Direct | Buy | 5272026 | 9.99 | 13,700 | 136,863 | 113,534,842 | Form | |
| 14 | Hoffmann, David Henry | Direct | Buy | 5272026 | 9.56 | 10,600 | 101,336 | 108,516,984 | Form | |
| 15 | Hoffmann, David Henry | Direct | Buy | 5212026 | 9.96 | 10,600 | 105,576 | 112,951,868 | Form | |
| 16 | Hoffmann, David Henry | Direct | Buy | 5212026 | 9.79 | 10,600 | 103,774 | 110,920,201 | Form | |
| 17 | Hoffmann, David Henry | Direct | Buy | 5212026 | 8.94 | 10,600 | 94,764 | 101,194,980 | Form | |
| 18 | Hoffmann, David Henry | Direct | Buy | 5182026 | 8.93 | 10,600 | 94,658 | 100,987,129 | Form | |
| 19 | Hoffmann, David Henry | Direct | Buy | 5182026 | 8.71 | 8,100 | 70,551 | 98,406,878 | Form | |
| 20 | Hoffmann, David Henry | Direct | Buy | 5182026 | 7.78 | 8,100 | 63,018 | 87,836,581 | Form | |
| 21 | Hoffmann, David Henry | Direct | Buy | 5142026 | 7.99 | 7,400 | 59,126 | 90,142,773 | Form | |
| 22 | Hoffmann, David Henry | Direct | Buy | 5142026 | 7.82 | 8,100 | 63,342 | 88,166,973 | Form | |
| 23 | Hoffmann, David Henry | Direct | Buy | 3132026 | 9.35 | 27,800 | 259,930 | 105,341,298 | Form | |
| 24 | Hoffmann, David Henry | Direct | Buy | 3132026 | 9.40 | 27,800 | 261,320 | 105,643,301 | Form | |
| 25 | Hoffmann, David Henry | Direct | Buy | 3132026 | 9.33 | 27,800 | 259,374 | 104,597,221 | Form | |
| 26 | Hoffmann, David Henry | Direct | Buy | 3102026 | 8.99 | 27,800 | 249,922 | 100,535,611 | Form | |
| 27 | Hoffmann, David Henry | Direct | Buy | 3102026 | 9.30 | 27,800 | 258,540 | 103,567,116 | Form | |
| 28 | Hoffmann, David Henry | Direct | Buy | 3102026 | 9.19 | 19,000 | 174,610 | 102,261,256 | Form | |
| 29 | Magid, Brent | Direct | Sell | 3102026 | 9.08 | 26,804 | 243,380 | 79,541 | Form | |
| 30 | Quint, Digital Ltd | Direct | Buy | 3052026 | 9.13 | 10,000 | 91,275 | 29,616,912 | Form | |
| 31 | Hoffmann, David Henry | Direct | Buy | 3032026 | 9.16 | 19,000 | 174,040 | 101,405,313 | Form | |
| 32 | Quint, Digital Ltd | Direct | Buy | 3032026 | 8.87 | 20,454 | 181,512 | 28,706,122 | Form | |
| 33 | Hoffmann, David Henry | Direct | Buy | 3032026 | 8.85 | 19,000 | 168,150 | 97,805,324 | Form | |
| 34 | Hoffmann, David Henry | Direct | Buy | 3032026 | 9.11 | 15,200 | 138,472 | 100,505,610 | Form | |
| 35 | Hoffmann, David Henry | Direct | Buy | 2262026 | 9.03 | 15,200 | 137,256 | 99,485,758 | Form | |
| 36 | Hoffmann, David Henry | Direct | Buy | 2262026 | 8.64 | 13,710 | 118,454 | 95,057,703 | Form | |
| 37 | Hoffmann, David Henry | Direct | Buy | 2262026 | 8.84 | 15,200 | 134,368 | 97,136,917 | Form | |
| 38 | Hoffmann, David Henry | Direct | Buy | 2232026 | 8.91 | 15,200 | 135,432 | 97,770,668 | Form | |
| 39 | Hoffmann, David Henry | Direct | Buy | 2232026 | 9.11 | 10,600 | 96,566 | 99,826,824 | Form | |
| 40 | Hoffmann, David Henry | Direct | Buy | 2232026 | 7.81 | 10,600 | 82,786 | 85,498,718 | Form | |
| 41 | Hoffmann, David Henry | Direct | Buy | 2182026 | 7.17 | 10,600 | 76,002 | 78,416,419 | Form | |
| 42 | Hoffmann, David Henry | Direct | Buy | 2182026 | 7.10 | 10,600 | 75,260 | 77,575,587 | Form | |
| 43 | Hoffmann, David Henry | Direct | Buy | 2182026 | 7.17 | 6,099 | 43,730 | 78,264,415 | Form | |
| 44 | Quint, Digital Ltd | Direct | Buy | 2112026 | 3.25 | 2,451,346 | 7,966,874 | 10,446,624 | Form |
Industry Resources
| Communication Services Resources |
| Variety |
| The Hollywood Reporter |
| Adweek |
| Publishing Resources |
| Publishers Weekly |
| Editor & Publisher |
| The Bookseller |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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Core Cache Last Updated: 8/6/2026