An India online media company, Quint Digital Limited of Delhi, has purchased a 10 percent stake in Lee Enterprises, Inc., owner of the Quad City Times, the Dispatch/Argus and more than 70 other media properties.
Quint Digital and three of its owners, Raghav Bahl, Ritu Kapur and Vidar Bahl, purchased a total of 614,455 shares of Lee on Feb. 8. That represents 10 percent of Lee's outstanding common shares.