• by Ray Schultz , November 17, 2024

The Hoffmann Family of Companies (HF) has boosted its ownership in Lee Enterprises to 8.4%, up from 5.2% in October, and seems on the way to probable ownership.  

HF has also taken a 5% interest in the Dallas Morning News.

The company hopes to create the second-largest newspaper group in the country after Gannett, says David Hoffmann, chairman of the Hoffmann Family of Companies, according to The Fly. 

“HF Companies will continue to invest in Lee Enterprises,” says David Hoffmann,  chairman of Hoffmann Family of Companies, in October. “We are optimistic about the future of the newspaper industry and believe in the importance of strong, local papers that are an integral part of the fabric of the communities they serve,” said Hoffmann.

“We continue to have strong confidence in Lee Enterprises’ management team. We believe they’re on the right digital migration path and reducing their exposure to legacy costs to build a sustainable business model,” commented Pason Gaddis, CEO of Hoffmann Media Group.