Lonestar no longer activist holder in Lee, says refinancing met objective Lonestar Capital Management, which has a 4.9% stake in Lee Enterprises, had previously expressed the view that the company should pursue a financing that would allow the company to continue deleveraging. LCM believes that the company’s refinancing transactions of March 31 have accomplished this objective and the fund congratulates the company, Lonestar stated in a regulatory filing.
Lee Enterprises sees FY Full Access comparable subscription revenue up 2.5%-3% Says has met internal expectations with Full Access. Sees FY comparable cash costs down up to 1%. Comments from slides that will be presented at the company's Annual Meeting of Stockholders.