Lee Enterprises has set ambitious goals, aiming to generate over $450 million in recurring digital revenue within five years and surpass the 50% digital revenue inflection point in the next quarter.
Cost management strategies resulted in a 16% reduction in cash costs YoY in Q2, with significant savings from managing the print product portfolio.
Lee expects to generate $150 million in recurring digital subscription revenue and $300 million in digital advertising revenue by 2028, with fiscal year 2024 projected digital revenue between $310 million and $330 million.
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