DAVENPORT, Iowa--(BUSINESS WIRE)--Apr. 29, 2015--
Lee Enterprises (NYSE: LEE), a leading provider of news, information and
advertising in 50 markets, has selected Ronald A. Mayo as vice
president, chief financial officer and treasurer. Mayo, 53, will succeed
Carl G. Schmidt, who announced in January his plans to retire later this
spring.
Mary Junck, Lee chairman and chief executive officer, said Mayo is a
seasoned media financial executive with a strong history of improving
cash flow, controlling costs and fostering investor relationships.
“Ron will be a great asset to Lee during this time of transformation. He
has a vast understanding of the industry and a great record of driving
positive results,” she said. “As we continue to expand our digital
presence and best position our print products, his experience and
expertise will be key. We’re excited to have him join the company.”
Mayo’s career includes 19 years with MediaNews Group, including 12 years
as vice president and chief financial officer. Most recently, he was
chief financial officer of Halifax Media Group until its acquisition by
New Media Investment Group, Inc. in January of this year.
Before entering the media industry, Mayo was an audit senior manager
with Ernst & Young in Houston, Texas. He is a graduate of Texas A&M
University. He and his wife, Karen, have two adult children.
"This is an exciting time to join Lee Enterprises, a company I have long
admired for its strong operational reputation and its fiscal
discipline,” Mayo said. “I look forward to joining the talented
management team and contributing to the company’s future success while
serving Lee’s investors and shareholders.”
Lee Enterprises is a leading provider of local news and information, and
a major platform for advertising, in its markets, with 46 daily
newspapers and a joint interest in four others, rapidly growing digital
products and nearly 300 specialty publications in 22 states. Lee's
newspapers have circulation of nearly 1.1 million daily and more than
1.4 million Sunday, reaching well more than three million readers in
print alone. Lee's websites and mobile and tablet products attracted
26.9 million unique visitors in March 2015. Lee's markets include St.
Louis, MO; Lincoln, NE; Madison, WI; Davenport, IA; Billings, MT;
Bloomington, IL; 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.
Source: Lee Enterprises
Lee Enterprises
Charles Arms, 563-383-2100
Director of
Communications
IR@lee.net
