OLD Media News

Lee to begin trading on Nasdaq

Lee Enterprises is planning on transferring its stock exchange listing from the New York Stock Exchange to the Nasdaq Global Select Market with the shares expected to begin trading as a Nasdaq-listed security on April 19.

Kevin Mowbray, president and CEO, said the move will not impact Lee’s stock price or value, but will enhance the company’s visibility as “a leading digital news and information provider.”

The media company, which owns several daily and weekly news outlets in Iowa and Nebraska, continues to focus on growing its digital presence, “as the media landscape continues to evolve and audiences and advertising dollars shift from print to digital,” Mowbray said.

The company further plans on focusing on transforming the presentation of local news, accelerating overall subscription growth, and diversifying and expanding offerings for advertisers.

Read more here.

Mariam Ahmed

Recent Posts

Indianapolis Biz Journal seeks a news editor

The Indianapolis Business Journal is looking for our next news editor, a role that focuses…

4 hours ago

Axios hires Berkowitz as ME for media and markets coverage

Axios has chosen Ben Berkowitz to be its next managing editor of business and markets.…

9 hours ago

Business Insider hires Ortega as director of newsroom operations

Business Insider editor in chief Jamie Heller sent out the following on Monday: I'm thrilled…

10 hours ago

Rest of World promotes Chandran to deputy editor

Rest of World editor in chief Anup Kaphle sent out the following on Monday: We are excited…

10 hours ago

FT hires Venugopal as India newsletter editor

The Financial Times has hired Veena Venugopal as its India newsletter editor. She has been working at…

11 hours ago

FT taps Parkin to be Middle East and Africa news editor

Benjamin Parkin has been named Middle East and Africa news editor at the Financial Times, based…

14 hours ago