“We continue to have strong confidence in Lee Enterprises’ management team. We believe they're on the right digital migration path and reducing their exposure to legacy costs to build a sustainable business model,” stated Pason Gaddis, CEO of Hoffmann Media Group.

Lee Enterprises, the fourth-largest newspaper company in the U.S., operates in 26 states with 77 newspapers and over 350 weekly and specialty publications serving 73 markets nationwide. A merger between Hoffmann Media Group and Lee Enterprises would position the combined company as the third-largest newspaper entity in the country.

“HF Companies will continue to invest in Lee Enterprises. We are optimistic about the future of the newspaper industry and believe in the importance of strong, local papers that are an integral part of the fabric of the communities they serve,” said David Hoffmann, Chairman of Hoffmann Family of Companies.

About Hoffmann Media Group
Hoffmann Media Group, a privately held media company based in Southwest Florida, publishes a variety of print, online, mobile, and email publications. Over the past 15 years, our writers, designers and ad builders have earned over 200 awards from the Florida Press Association, Society of Professional Journalists and Florida Newspaper Advertising and Marketing Executives Association. The Florida Press Association has recognized us as the best in the state for content, consumer experiences and advertising services. Our flagship brands serve over 30 markets, offering premier digital advertising services, newspapers, and magazines across Florida, California, Michigan and beyond. (20 Newspapers, Magazines, and Media Investments)

For more information, visit www.hoffmannmediagroup.com.