US EditionShareholder 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.
22 Articles
22 Articles
Winston-Salem Journal
News & RecordSecond-largest investor in Lee Enterprises states interest in buying chain, taking it private
Lee Enterprises, owner of the Winston-Salem Journal and News & Record, received Thursday a letter expressing formal interest from billionaire David Hoffmann in purchasing the nation's fourth-largest newspaper chain.
Headlines from around the state: Major Lee Enterprises shareholder wants to buy company that owns multiple Virginia newspapers; more ...
Here are some of the top headlines from other news outlets around Virginia. Some content may be behind a metered paywall:Economy:Major Lee Enterprises shareholder wants to buy company that owns multiple Virginia newspapers. — Richmond Times-Dispatch (paywall).Courts:Best friends say they found “heaven” at Smith Mountain Lake — and a racist landlord ruined it. — The Washington Post (paywall).Health care:Symposium to address barriers to vets enter…
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