Gannett increases profit outlook as digital revenue grows Both Gannett and Lee Enterprises reported digital growth in the most recent quarter as total revenue fell. August 3, 2023 Angela Fu
The Buffalo News was the crown jewel of Warren Buffett’s news empire. Now it’s just another Lee paper. Lee cut budgets, pushed out veterans and outsourced design and print production at a paper that had been spared the worst of the industry’s decline. April 20, 2023 Angela Fu
You read our story about The Buffalo News and Lee Enterprises, now join the conversation Poynter is hosting a live Twitter Space with reporter Angela Fu to dig even deeper into the story April 20, 2023 Annie Aguiar
Lee Enterprises reports growth in digital revenue amid layoffs Lee reported a $6.7 million net loss in its second quarter. The news comes days after reports the company would lay off 400 people this year. May 5, 2022 Angela Fu
Lee’s slate of directors elected, Alden Global Capital takeover attempt blocked for now Here are four moves that Alden could make next in its attempt to take over Lee Enterprises. March 10, 2022 Rick Edmonds
Alden Global Capital loses lawsuit to nominate its slate of candidates for Lee Enterprises’ board The hedge fund signaled that it is not ready to abandon its campaign to gain influence in how the newspaper company is run. February 15, 2022 Rick Edmonds
Lee Enterprises continues to show fast digital subscription growth, but revenues lag Alden Global Capital, the company’s hedge fund antagonist in an ongoing hostile takeover fight, characterized the results as ‘disappointing.’ February 3, 2022 Rick Edmonds
Alden’s attempted takeover of Lee Enterprises heats up Four recent developments in the hedge fund's attempt to take over the owner of St. Louis Post-Dispatch, Omaha World-Herald, The Buffalo News and more. February 1, 2022 Rick Edmonds
Alden goes to court in its takeover battle with Lee Enterprises Alden’s strategy seems to have shifted back to gaining influence and seats on the board to make a case against Lee management. December 15, 2021 Rick Edmonds
Lee’s stock is now trading at way more than Alden Global Capital’s takeover offer It suggests Lee’s newsrooms, which have worried for the last month about deep cuts if Alden takes over, may instead see a fairly stable 2022. December 14, 2021 Rick Edmonds
Lee Enterprises formally rejects takeover offer from Alden Global Capital Lee stocks are up, suggesting that Wall Street agrees that the company can grow if it stays independent — or expects a higher offer from Alden. December 9, 2021 Rick Edmonds
Lee says no to Alden Global Capital’s attempt to nominate directors It’s one more signal that Lee, publisher of 77 dailies, is digging in for a protracted fight against the hedge fund’s hostile takeover attempt. December 3, 2021 Rick Edmonds
As Alden seeks seats on Lee Enterprises’ board, Lee unions urge the board to reject Alden’s takeover Alden previously gained seats on the board of Tribune Publishing as part of its strategy for acquiring control of that company. November 30, 2021 Rick Edmonds
What Alden’s potential acquisition of Lee Enterprises means for 20-plus Midwest papers Lee owns the St. Louis Post-Dispatch, the Omaha World-Herald, the Sioux City Journal and other newspapers around the Midwest. November 23, 2021 Kavahn Mansouri
Alden Global Capital mounts takeover bid for Lee Enterprises The hedge fund has developed a reputation for slashing staff in newsrooms and other departments and selling off real estate at outlets it owns. November 22, 2021 Rick Edmonds
