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.
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