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Shareholder wants to purchase Lee Enterprises, owner of Missoulian

Lee Enterprises will pay $9.5 million for sending personal information to Meta without consent, potentially impacting over 1.5 million subscribers in Montana.
As part of the settlement, former and current subscribers may receive around $3.80 each if approved by the court.
Lee reported challenges from a cybersecurity ransomware attack, likely affecting its finances and operations, starting February 3.
A billionaire investor has expressed interest in purchasing Lee Enterprises, which currently has nearly $450 million in debt.

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Missoulian

Center

Shareholder wants to purchase Lee Enterprises, owner of Missoulian

David Hoffmann, a billionaire investor, offered in a letter Thursday to open talks about acquiring Lee Enterprises, parent company of several Montana newspapers, and released that letter to media outlets as well.

23 hours ago·Missoula, United States

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KTVQ

+2 Reposted by 2 other sources

Center

Owner of Montana's largest newspaper settles suit for giving personal information to Facebook

BILLINGS - More than 1.5 million subscribers, comprising many Montana residents, could be part of a class-action settlement by the states largest newspaper company, Lee Enterprises, for sending personally-identifying information to the parent company of Facebook in order to target content, including advertising.According to a settlement reached in a federal court in Iowa, where Lee Enterprises is headquartered, the company will pay $9.5 million …

2 days ago

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Pennsylvania Record

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Inquirer data breach settlement finalized; $175K for lawyers

PHILADELPHIA - A federal judge has given final approval to a $525,000 class action settlement in a lawsuit over a data breach at The Philadelphia Inquirer.Judge Karen Marston last year gave preliminary approval to the agreement, which provides $175,000 for plaintiff lawyers. Among the firms involved are Milberg Coleman in Chicago and Shub & Johns in West Conshohocken.They spent nearly 300 hours on drafting the complaint, conducting discovery, se…

2 days ago

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