 Lee Enterprises, Incorporated LEE, a trusted local news provider and leading platform for advertising in 77 markets, announced today it has completed its acquisition of BH Media Groups BHMG publications and The Buffalo News. The acquisition nearly doubled Lees audience size and added 30 daily newspapers, more than 49 paid weekly publications with digital sites, and 32 other print products from BHMG, as well as The Buffalo News, to Lees portfolio of high-quality local publications. Additionally, after the elimination of the management agreement and adding operating expenses from the lease agreement, the transaction is expected to drive an 87 increase in revenue, a 40 increase in adjusted EBITDA, and immediately reduce Lees leverage to 3.5x, even before 20-25 million in anticipated annual revenue and cost synergies. 