Lee Enterprises Plans Sale of Provo Newspaper Assets
August 22 2016 - 8:00AM
Business Wire
Lee Enterprises, Incorporated (NYSE:LEE), a major provider of
local news, information and advertising in 49 markets, has entered
into an agreement to sell its newspaper and digital media
operations in Provo, Utah to Ogden Newspapers of Utah, LLC.,
including the Daily Herald and heraldextra.com.
The Daily Herald is published seven days a week with a print
circulation of about 20,000 daily and nearly 27,000 Sunday.
Heraldextra.com reaches approximately 700,000 unique visitors each
month. Lee acquired the newspaper in 2005 as part of the purchase
of Pulitzer, Inc.
“Provo is a great market and a wonderful community,” said Kevin
Mowbray, President and Chief Executive Officer. “We’re confident
the Daily Herald will continue to serve its readers with strong
local news and information under the new ownership.”
Ogden Newspapers publishes 40 daily newspapers, along with
several magazines, weekly newspapers and shoppers in 14 states.
"We believe that newspapers like the Daily Herald in Provo and
its related digital platforms provide tremendous value, both in
print and online, with trustworthy news reporting and effective
advertising," said Robert Nutting, Chief Executive Officer of Ogden
Newspapers, Inc.
The sale is expected to close August 29, 2016.
ABOUT LEE
Lee Enterprises is a premier provider of local news, information
and advertising in its markets, with 45 daily newspapers and a
joint interest in four others, rapidly growing digital products and
nearly 300 specialty publications in 22 states. Lee markets include
St. Louis, MO; Madison, WI; Billings, MT; Davenport, IA, and
Tucson, AZ. Lee Common Stock is traded on the New York Stock
Exchange under the symbol LEE. For more information about Lee,
please visit lee.net.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160822005237/en/
Lee Enterprises, IncorporatedCharles Arms, 563-383-2100Director
of CommunicationsIR@lee.net
Lee Enterprises (NYSE:LEE)
Historical Stock Chart
From Apr 2024 to May 2024
Lee Enterprises (NYSE:LEE)
Historical Stock Chart
From May 2023 to May 2024