DAVENPORT, Iowa--(BUSINESS WIRE)--Aug. 22, 2016--
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/
Source: Lee Enterprises, Incorporated
Lee Enterprises, Incorporated
Charles Arms, 563-383-2100
Director
of Communications
IR@lee.net
