DAVENPORT, Iowa--(BUSINESS WIRE)--Lee Enterprises, Incorporated (NYSE:LEE), a major provider of local news, information and advertising in 49 markets, has entered into an agreement to sell its newspaper and digital media operations in Provo, Utah to Ogden Newspapers of Utah, LLC., including the Daily Herald and heraldextra.com.
The Daily Herald is published seven days a week with a print circulation of about 20,000 daily and nearly 27,000 Sunday. Heraldextra.com reaches approximately 700,000 unique visitors each month. Lee acquired the newspaper in 2005 as part of the purchase of Pulitzer, Inc.
“Provo is a great market and a wonderful community,” said Kevin Mowbray, President and Chief Executive Officer. “We’re confident the Daily Herald will continue to serve its readers with strong local news and information under the new ownership.”
Ogden Newspapers publishes 40 daily newspapers, along with several magazines, weekly newspapers and shoppers in 14 states.
"We believe that newspapers like the Daily Herald in Provo and its related digital platforms provide tremendous value, both in print and online, with trustworthy news reporting and effective advertising," said Robert Nutting, Chief Executive Officer of Ogden Newspapers, Inc.
The sale is expected to close August 29, 2016.
Lee Enterprises is a premier provider of local news, information and advertising in its markets, with 45 daily newspapers and a joint interest in four others, rapidly growing digital products and nearly 300 specialty publications in 22 states. Lee markets include St. Louis, MO; Madison, WI; Billings, MT; Davenport, IA, and Tucson, AZ. Lee Common Stock is traded on the New York Stock Exchange under the symbol LEE. For more information about Lee, please visit lee.net.