BH Finance

You are here:

You are here

Home / BH Finance

Lee Enterprises cancels special shareholder meeting; session was to consider unusual 'rights' issue

on Wed, 12/24/2025 - 02:43   by news

With no explanation, Lee Enterprises, Inc. canceled a special shareholders meeting seeking approval of a "rights offering" intended to raise $50 million for working capital and company operations.

In a three-sentence filing with the Securities and Exchange Commission (SEC) posted Thursday, Dec. 18, the company stated it "decided to cancel the special meeting" set for the next day, Dec. 19, and had "withdrawn from consideration the proposal set forth in the Proxy Statement."

The company – owner of some 70 print and online publications including the Quad City Times and Dispatch/Argus – announced Nov. 13 it was planning to seek approval of the unusual "rights offering" as a way to pay for its "digital transformation" and lower the interest rate on its $450 million debt.

QC Times owner loses $37.5 million in fiscal 2025; loss for fourth quarter totals $6.4 million

on Fri, 12/05/2025 - 01:32   by news

Lee Enterprises, Inc. – owner of the QC Times, the Dispatch-Argus and some 70 other newspapers and online new sites nationally – lost $37.5 million during its 2025 fiscal year ended Sept. 29.

For the fourth quarter, the media company headquartered in Davenport lost $6.4 million.

Despite the underwater earnings, Lee President and CEO Kevin Mowbray pronounced in the earnings news release Nov. 26 that the company "was pleased with our fourth quarter results as we continue to outperform the industry.

"Digital subscription revenue increased 16 percent on a same-store basis, marking five consecutive years of industry-leading performance," Mowbray stated. "This consistent strength reflects the effectiveness of our Three Pillar Digital Growth Strategy and the exceptional execution of our team."

Subscribe to BH Finance
Go to top