Lee Enterprises - M&A Summary and Business Overview

PublishingCompany

Lee Enterprises M&A Summary

Lee Enterprises has acquired 5 companies, including 3 in the last 5 years. It has also divested 1 asset.

Lee Enterprises’ largest acquisition to date was in 2020, when it acquired BH Media Group - The Buffalo News & Publications for $140M. Lee Enterprises has acquired in 4 different US states. The Company’s most targeted sectors include publishing (80%) and media (20%).

Lee Enterprises Business Overview

Where is Lee Enterprises headquartered?

Lee Enterprises is headquartered in Davenport, Iowa.

What is Lee Enterprises’ revenue?

Lee Enterprises disclosed revenue of 781M USD for 2022 and 795M USD for 2021.

How many employees does Lee Enterprises have?

Lee Enterprises has 3,577 employees.

What sector is Lee Enterprises in?

Lee Enterprises is a publishing company.

When was Lee Enterprises founded?

Lee Enterprises was founded in 1890.

M&A Summary

  • M&A Total Activity6
    • M&A Buy Activity5
    • M&A Sell Activity1
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 3

Lee Enterprises

Lee Enterprises, Inc.

4600 E. 53rd Street,
Davenport, Iowa 52807
United States,
(563) 383-2100
www.lee.net

Lee Enterprises is a provider of local news, information and advertising in primarily midsize markets, with 46 daily newspapers and a joint interest in four others, along with rapidly growing digital products and nearly 300 specialty publications in 22 states. Lee Enterprises was founded in 1890 and is based in Davenport, Iowa.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 4 1 - - - - 5
vol $7M $140M $147M
Sell (0.0/yr) # 1 - - - - - 1
  6

Most Recent M&A

Company Date Value Type
BH Media Group Inc. - The Buffalo News & Publications 2020-01-29 140M USD Divestiture
Omaha, Nebraska
Lake Geneva Regional News 2019-01-28 - Divestiture
Lake Geneva, Wisconsin · www.lakegenevanews.net
Kenosha News 2019-01-28 - Divestiture
Kenosha, Wisconsin · www.kenoshanews.com
Ledger Independent 2018-02-02 - Divestiture
Maysville, Kentucky · www.maysville-online.com
Small Newspaper Group (Dispatch-Argus) 2017-06-19 7M USD Add-on Acquisition
Moline, Illinois · www.qconline.com
Sioux City Newspapers, Inc. 2002-07-01 - Add-on Acquisition
Sioux City, Iowa · www.siouxcityjournal.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Publishing 4 (80%) 147M (100%) 1 (100%) -
Media 1 (20%) - - -
Total 5 $147M 1 -

By Geo

State/Country Buy Value Sell Value
United States 5 147M 1 -
  Wisconsin 2 - - -
  Nebraska 1 140M - -
  Iowa 1 - - -
  Illinois 1 7M - -
  Kentucky - - 1 -
Total 5 $147M 1 -

Deal Values

buy # Total
$100M to $1B 1 $140M
< $100M 1 $7M
TOTAL $147M
Largest BH Media Group Inc. - The Buffalo News & Publications
$140M (2020-01-29)

M&A Connections

Deals
Acquired from
Strategic(s)
60%
3 (60%)
Divested to
Strategic(s)
100%
1 (100%)

Company Summary

SECTOR

Publishing

Revenue

781   2% 2022
795   29% 2021
618   22% 2020
510   7% 2019
544   5% 2018
567   8% 2017
614   6% 2016
649   2% 2015
657   4% 2014
678   4% 2013
706   2012
(millions of USD) Show More Show Less

Employees

3,577

Established

1890

Public

NASDAQ: LEE

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Related Lists for Lee Enterprises

Iowa Companies , Publishing Companies , United States Companies , Iowa Publishing Companies

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