On January 28, 2019, Lee Enterprises, Incorporated announced that earlier Cannell Capital LLC, an investor in the Company, began a public effort to encourage shareholders to withhold support for the Company’s director nominees up for election at the 2019 annual meeting of shareholders. The Company stated that its Board and management team value constructive engagement with shareholders and the Board talked with J. Carlo Cannell, Managing Member of Cannell Capital, and members of his team multiple times over the past few months. The Company added that it disagrees and takes issue with Cannell Capital’s recent comments, which it views betray a fundamental lack of understanding of the Company’s business, strategy, and personnel, and a number of which it views to be demonstrably false and misleading. The Company recommend its stockholders to vote for all of its director nominees standing for re-election at the 2019 annual meeting of shareholders.
Lee Enterprises, Incorporated is a provider of local news and information in the markets it serves with digital subscription and advertising platforms. The Companyâs product portfolio includes digital subscription platforms, daily, weekly and monthly newspapers and niche publications, all delivering original local news and information. The Companyâs products offer print and digital editions, and its content and advertising are available in real time through its websites and mobile apps. It operates in predominately mid-sized communities with products ranging from daily newspapers and associated digital products, such as the St. Louis Post-Dispatch and The Buffalo News, to non-daily newspapers with news websites and digital platforms serving smaller communities. The Company is focused on three categories: subscriptions to its product offerings, advertising and marketing solutions to local advertisers, and digital services to a diverse set of customers.
LEE ENTERPRISES, INCORPORATED 
