Lee Enterprises, Inc. (LEE)
Digital To Drive Swing Toward Revenue Growth
Lee Enterprises Inc is a local news publication company in the United States. Its products include daily and Sunday newspapers, weekly newspapers and classified and few other specialty publications. Its products are used as a platform for advertising in mid-size markets. Revenues are generated primarily from retail and classifieds advertising and the remaining from subscriptions to its printed and digital products.
Michael Kupinski, Director of Research, Noble Capital Markets, Inc.
Patrick McCann, Research Associate, Noble Capital Markets, Inc.
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Noblecon 18 highlights. Kevin Mowbray, CEO, and Tim Millage, CFO highlighted its leading digital products and services. It is differentiated from its peers with industry leading digital subscription growth, strong digital advertising revenue from its digital agency business and compelling digital reach, with 47 million unique visitors each month. To watch a full replay of the presentation, please click here.
Local focus driving subscriptions. Management highlighted the company’s fast growing local market-focused digital subscription business. Lee’s digital subscription growth has outpaced Gannett and the New York Times for the last 9 quarters running. Lee already serves 450,000 digital-only subscribers, a 57% increase on a year-over-year basis …
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
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