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Shareholder wants to purchase Lee Enterprises, owner of Helena IR

  • David Hoffmann, a billionaire investor, is seeking to acquire Lee Enterprises, the parent company of various Montana newspapers, stating that the Hoffmann Family of Companies is well-positioned financially, in both resources and sophistication, to complete an acquisition.
  • Hoffmann's companies own about 10% of Lee shares and have expressed a commitment to support local journalism during the acquisition process.
  • Lee Enterprises operates over 70 newspapers and indicated it would evaluate and respond if Hoffmann proceeds with a specific offer, highlighting its commitment to shareholders.
  • Hoffmann emphasized the importance of local news and outlined his plans to navigate the transition to digital media during the potential acquisition of Lee.
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Kenosha News broke the news in on Thursday, March 20, 2025.
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