HF Companies believes the current investment places their ownership position behind Quint Digital, the largest shareholder. The company has plans to further invest in Lee Enterprises as market conditions present themselves. JPMorgan Chase is advising HF Companies on its strategy.
According to Bloomberg, the Jerrilyn M. Hoffmann Revocable Trust reported a 6.7% holding in Lee Enterprises Inc., equivalent to $6.85 million. A previous 13D filed on October 17, 2024, showed a 5.22% stake. Shares of Lee Enterprises have gained 21% since October 17, 2024, compared with the 0.6% drop in the Standard & Poor's 500 Index.
Lee Enterprises Inc., the fourth-largest newspaper company in the U.S., operates in 26 states and owns 77 newspapers nationwide, including the St. Louis Post-Dispatch, which attracted the interest of founder David Hoffmann.
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. For more information, visit www.hoffmannmediagroup.com.
About Hoffmann Family of Companies
Hoffmann Family of Companies is a multi-vertical, family-owned private equity firm consisting of over 110 global brands, and employs 11,000 employees with businesses located in 30 countries and 400 locations around the world. Hoffmann Family of Companies’ verticals include Aviation, Agriculture, Financial Services, Hospitality, Business & Professional Services, Industrial, Manufacturing, Marine, Media & Marketing, Real Estate, and Transportation. For more information, visit www.hfcompanies.com.
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