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In an age when news can be consumed for free on the internet, Warren Buffett's investment in newspapers has always seemed somewhat anachronistic. But now it seems even the Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) CEO sees the futility of keeping this small component of his mighty...
The Deal That Changes Everything The media outlets were buzzing on 29th January, 2020. Warren Buffett's Berkshire Hathaway ( BRK.A , BRK.B ) sold its legacy newspaper business to Lee Enterprises ( LEE ) in an all-cash transaction of $140 million. In addition, Berkshire helped LEE finance th...
Sundial Growers (NASDAQ: SNDL ) -26% on CEO exit . More news on: Sundial Growers Inc., Briggs & Stratton Corporation, Intelsat S.A., , Stocks on the move, Read more ...
MNG Enterprises - a media investor backed by hedge fund Alden Global Capital - has taken a 5.9% stake in Lee Enterprises ( LEE +82.9% ), looking to talk about Lee's purchase of Berkshire Hathaway newspaper operations. More news on: Lee Enterprises, Incorporated, Stocks on the move, ...
Gainers: Lee Enterprises (NYSE: LEE ) +85% . More news on: Lee Enterprises, Incorporated, Roadrunner Transportation Systems, Inc., Hepion Pharmaceuticals, Inc., Stocks on the move, , Read more ...
Warren Buffett, who had a newspaper route as a kid, will no longer own newspapers. Lee Enterprises (NYSE: LEE ) will acquire Berkshire Hathaway's (NYSE: BRK.B ) (NYSE: BRK.A ) BH Media Group's publications and The Buffalo News for $140M in cash. More news on: Berkshire Hathaway Inc., B...
Lee Enterprises (NYSE: LEE ) +55% to acquire BH Media Group’s publications and The Buffalo News for $140M. More news on: Lee Enterprises, Incorporated, Hepion Pharmaceuticals, Inc., Genprex, Inc., Stocks on the move, , Read more ...
Lee to finance acquisition and refinance long-term debt with Berkshire Hathaway at 9% annual rate Deal adds 31 local daily news publications, nearly doubles Lee audience size Immediately accretive to earnings before synergies, reduces balance sheet leverage Annual run-rate re...
Lee Enterprises Investment Thesis I have covered Lee Enterprises ( LEE ) before (see here , and here ), where I took the full spectrum of the financial performance, debt, and the valuation into account. I will solely focus on revenue in this article as it is such an important part of the ...
Lee Enterprises, Inc. (LEE) Q4 2019 Earnings Conference Call December 12, 2019, 10:00 ET Company Participants Kevin Mowbray - President, CEO & Director Jamie Seratt - Corporate Controller Timothy Millage - VP, CFO & Treasurer Conference Call Participants Presentati...
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DAVENPORT, Iowa, July 18, 2024 (GLOBE NEWSWIRE) -- Lee Enterprises, Incorporated (NASDAQ: LEE), a major subscription and advertising platform and a leading provider of high quality, trusted, local news and information in 73 markets, has scheduled an audio webcast and conference call for Thursday,...
DAVENPORT, Iowa, July 18, 2024 (GLOBE NEWSWIRE) -- Madeline McIntosh and Jon Miller, pioneering media executives with extensive accomplishments in digital technology, consumer marketing and business transformations, have joined the board of directors of Lee Enterprises, Incorporated (NASDAQ:LEE)....
2024-07-12 20:40:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...