Triple Moving Average Crossover
|Bid||1.0500 x 2200|
|Ask||1.0900 x 40700|
|Day's Range||1.0000 - 1.0800|
|52 Week Range||0.7100 - 3.0900|
|Beta (5Y Monthly)||1.38|
|PE Ratio (TTM)||6.58|
|Earnings Date||Jun 22, 2020 - Jun 23, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Aug 28, 2008|
|1y Target Est||N/A|
Outlines Actions Taken in Response to COVID-19 Receives Notice from NYSE DAVENPORT, Iowa, May 18, 2020 -- Lee Enterprises, Incorporated (NYSE: LEE) (“Lee” or the “Company”).
Lee Enterprises, Incorporated (NYSE:LEE) shareholders should be happy to see the share price up 17% in the last week...
Furloughs and a reduction in pay are in store for employees of the Buffalo News, the byproduct of reduced advertising revenue and the pandemic caused by the coronavirus. Lee Enterprises (NYSE:LEE), which earlier this month acquired the Buffalo News and several other papers from longtime owner Berskshire Hathaway Inc. (NYSE: BKE.A), said early Tuesday morning furloughs and reduced pay will be instituted soon. Warren Colville, Buffalo News president and publisher, while he and his executive staff are working with Lee officials on what the statement means for the paper he does expect “some furloughs” to begin as early as Wednesday.
Advertising revenue "has been dramatically impacted now and for the near future" by the pandemic, the company's CEO said.
DAVENPORT, Iowa, March 26, 2020 -- Lee Enterprises, Incorporated (NYSE: LEE), a trusted provider of news, information and digital and print marketing solutions to 77 markets in.
Lee Enterprises, Incorporated (LEE), a trusted local news provider and leading platform for advertising in 77 markets, announced today it has completed its acquisition of BH Media Group’s (“BHMG”) publications and The Buffalo News. The acquisition nearly doubled Lee’s audience size and added 30 daily newspapers, more than 49 paid weekly publications with digital sites, and 32 other print products from BHMG, as well as The Buffalo News, to Lee’s portfolio of high-quality local publications. Additionally, after the elimination of the management agreement and adding operating expenses from the lease agreement, the transaction is expected to drive an 87% increase in revenue, a 40% increase in adjusted EBITDA, and immediately reduce Lee’s leverage to 3.5x, even before $20-25 million in anticipated annual revenue and cost synergies.
If you own shares in Lee Enterprises, Incorporated (NYSE:LEE) then it's worth thinking about how it contributes to the...
Charlie Munger, the longtime business partner of Warren Buffett at Berkshire Hathaway Inc, on Wednesday said daily newspapers "are all going to die," as technological advances cause revenue to dry up. Munger, 96, spoke at the annual meeting of Daily Journal Corp, the Los Angeles newspaper publishing company he chairs, though he is better known for his more than four decades as a Berkshire vice chairman. Wednesday's meeting came two weeks after Berkshire threw in the towel on its own newspaper empire, selling 80 daily and weekly papers including its hometown Omaha World-Herald in Nebraska to Lee Enterprises Inc for $140 million.
A new innovation division, Lee Labs, launched in October and is based at the 4220 building in the Cortex district.
DAVENPORT, Iowa, Feb. 06, 2020 -- Lee Enterprises, Incorporated (NYSE: LEE), a leading provider of high quality, trusted, local news, information and a major platform for.
Moody's Investors Service ("Moody's") said that it views Lee Enterprises, Incorporated plan to acquire BH Media Group assets and The Buffalo News and its entry into a long term credit agreement to finance the asset acquisition and refinance existing debt as credit positive. The announcement has no immediate impact to the company's ratings and stable outlook. Lee Enterprises, Incorporated ("Lee"), headquartered in Davenport, IA, is one of the larger newspaper companies in the U.S. Revenue for the 12 months ended September 2019 totaled $510 million.
Berkshire Chairman Buffett, who once touted his news properties, is staging a wholesale retreat by selling his holdings to Lee Enterprises.
Warren Buffett is selling Berkshire Hathaway's newspaper business to local news provider Lee Enterprises for $140 million in cash.
Newspaper chain Lee Enterprises, Incorporated (NYSE: LEE) and Berkshire Hathaway announced that Lee will buy the publications owned by Berkshire Hathaway's BH Media Group, and a separately held paper, The Buffalo News, for $140 million in cash. The massive purchase nearly doubles Lee's audience, adding 31 daily newspapers to its stable, including, in addition to the papers in Omaha and Buffalo, The Press of Atlantic City, The Tulsa World, The Richmond Times-Dispatch in Virginia, and several smaller papers.
Lee Enterprises' $140 million deal for Berkshire Hathaway's newspapers, announced Wednesday, is a "win-win" for the buyer and seller, "if short-term perhaps."
The transaction includes 31 daily newspapers and 49 weeklies including the daily Omaha World-Herald in Berkshire's hometown in Nebraska, Buffalo News in New York, Richmond Times-Dispatch in Virginia and Tulsa World in Oklahoma. Lee owns 50 daily newspapers including the St. Louis Post-Dispatch, and has since July 2018 managed Berkshire's papers other than the Buffalo News, which Berkshire bought in 1977.
Warren Buffett's Berkshire Hathaway Inc said on Wednesday it is selling its newspaper operations to Lee Enterprises Inc, abandoning an industry the billionaire investor had long supported and defended even as its financial prospects deteriorated. Lee, whose papers include the St. Louis Post-Dispatch, said it will pay $140 million in cash for the 30 daily newspapers and several dozen weekly and other products owned by BH Media Group. The newspapers being sold include the Omaha World-Herald in Berkshire's hometown in Nebraska, as well as the Buffalo News in western New York state, a newspaper that Berkshire bought in 1977.
Berkshire Hathaway — the giant Omaha, Nebraska holding company led by Warren Buffett — announced Wednesday it has sold the News for $140 million in cash.
The shares of Lee Enterprises, publisher of the St. Louis Post-Dispatch, jumped after it agreed to pay $140 million for Berkshire Hathaway's BH Media.
Lee Enterprises, Incorporated (LEE), a trusted local news provider and leading platform for advertising in 50 markets, has entered into a definitive agreement with Berkshire Hathaway to acquire BH Media Group’s (“BHMG”) publications and The Buffalo News for $140 million in cash. Berkshire Hathaway is providing approximately $576 million in long-term financing to Lee at a 9% annual rate.
Purcell Julie & Lefkowitz LLP, a class action law firm dedicated to representing shareholders nationwide, is investigating a potential breach of fiduciary duty claim involving the board of directors of Lee Enterprises, Incorporated (NYSE: LEE).