BlackRock has bought about 3.1 million shares of Lee
Enterprises stock, for a 5.5% share of the company, the Quad-City Times
reported, citing an SEC filing.
BlackRock, based in New York City
BlackRock’s purchase follows other players’
buys of Lee stock.
In January, hedge fund Alden Global Capital’s
MNG Enterprises took a 5.9% stake in Iowa-based Lee. The buy came on the heels
of the Jan. 29 announcement that Lee is buying Warren Buffett’s BH Media Group
publications and The Buffalo News for $140 million in cash.
On Dec. 31, Franklin Mutual Advisers bought
around 4.35 million shares, or 7.4% of the company’s available stock, according
to an SEC filing dated Jan. 23.
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