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'Investor Building Newspaper Chain Eyes Lee Enterprises, DallasNews; Florida Billionaire David Hoffmann Aims To Create The Second-Largest Newspaper Group In America' - WSJ

Benzinga·11/15/2024 18:37:27
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https://www.wsj.com/business/media/investor-building-newspaper-chain-eyes-lee-enterprises-dallasnews-9f2c1f54

 

A Florida billionaire with a fondness for local news is looking to build a newspaper giant by potentially scooping up publishers Lee Enterprises and DallasNews.

David Hoffmann, who last month disclosed a 5.2% stake in Lee Enterprises, has raised that interest to 8.7%, making him the Davenport, Iowa, company's second-largest shareholder.