Lee Enterprises stabilizes its finances as investors buy $50M in new stock, led by $35M invested by David Hoffmann, who will become chair of the company (Josh Funk/Associated Press)
Josh Funk / Associated Press:
Lee Enterprises stabilizes its finances as investors buy $50M in new stock, led by $35M invested by David Hoffmann, who will become chair of the company — Lee Enterprises announced a compromise Tuesday with billionaire investor David Hoffmann, who offered to take over the nation’s third …