UPDATE: Lee Enterprises (LEE) Reports Q2 Loss of $0.09 on Revenues of $121.37M; Offers 3Q Revenue Outlook

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Go back to UPDATE: Lee Enterprises (LEE) Reports Q2 Loss of $0.09 on Revenues of $121.37M; Offers 3Q Revenue Outlook

Lee Enterprises reports second quarter results

June 18, 2020 7:00 AM EDT

Solid revenue and adjusted EBITDA performance despite COVID-19Berkshire Hathaway refinanced all Lee debt with 25-year term, attractive rate and no covenantsClosed strategic acquisition of BH Media Group, nearly doubling our audience size and revenueExpect to achieve $100 million in cost synergies by end of FY2021

DAVENPORT, Iowa, June 18, 2020 (GLOBE NEWSWIRE) -- Lee Enterprises, Incorporated (NYSE: LEE), a leading provider of high quality, trusted, local news, information and a major platform for advertising in 77 markets, today reported second quarter fiscal 2020 financial results(1) for the period... More