Lee Enterprises, Inc is a publicly traded American media company.
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19 Facts About Lee Enterprises
2.
Lee Enterprises was founded in 1890 by Alfred Wilson Lee and is based in Davenport, Iowa.
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3.
Lee Enterprises had more than 25 million unique web and mobile visitors monthly, with 209.
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4.
Lee Enterprises is currently the fourth largest newspaper group in the United States of America.
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5.
Lee Enterprises acquired Howard Publications for $694 million in 2002 and Pulitzer, Inc, for $1.
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6.
In December 2018, Lee Enterprises announced that Mary Junck would transition from Executive Chairman to Chairman of the company.
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7.
In January 2020, Lee Enterprises announced an agreement with Berkshire Hathaway to acquire BH Media Group's publications and The Buffalo News for $140 million in cash.
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8.
Lee Enterprises operated a broadcasting division, which it sold in 2000 to pay off debt and in order to focus on newspaper publishing.
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9.
Lee Enterprises paid off and retired its New Pulitzer notes in June 2015, six months before the original maturity date and 22 months before the new maturity date.
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10.
Lee Enterprises refinanced its remaining debt in 2014 in order to extend the maturities from 2015 and 2017 to 2019 and 2022.
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11.
Lee Enterprises retired its 1st Lien Term Loan in November 2018, four months before its scheduled March 2019 maturity.
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12.
Lee Enterprises entered into a 10-year lease for BH Media's real estate as part of the agreement.
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13.
Lee Enterprises used the funds to pay for the Berkshire properties and to refinance its roughly $400 million in existing debt.
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14.
The rationale offered by the board was, “Consistent with its fiduciary duties, Lee Enterprises's Board has taken this action to ensure our shareholders receive fair treatment, full transparency and protection in connection with Alden's unsolicited proposal to acquire Lee Enterprises.
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15.
Lee Enterprises owns 77 daily newspapers and approximately 350 specialty publications in 26 states.
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17.
In January 2020, Lee Enterprises sold its newspaper and digital media operations in southern Oregon to Country Media, Inc The sale included The World, the Bandon Western World and The Umpqua Post.
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18.
Lee Enterprises had purchased the papers as part of its acquisition of Pulitzer, Inc in 2005.
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