Lee Enterprises stabilizes finances with $50M investment led by billionaire David Hoffmann

Lee Enterprises announced a compromise Tuesday with billionaire investor David Hoffmann, who offered to take over the nation's third-largest newspaper chain this year, to help stabilize the company's finances with a $50 million investment and set Lee up for the future.

nostr:naddr1qvzqqqr4gupzphegps244tu77mv8zd02ppznss468ygaxp2thwwusvsae3fsa9tfqqjrxdny8y6rsdr994jrqcfk956xvcmz943rywps94snsdtpvsuk2ctyxgmxxtxvgga